Fund 299 - Student Achievement Account
Inactive Account 07/01/2009
Authority:
RCW 43.135.045
Admin Agency:
Supt of Public Instruction - 3500
Cash Type:
1 - Treasury Fund
SAAM Budget Type:
Appropriated (A)
Earnings from Investments are:
Credited to the general fund under RCW 43.84.092(4).
Description:
To be used in accordance with the provision of the student achievement act, as required by Initiative I-728. Used to fund maintenance and operation of the K-12 education state funding level of no less than ninety percent of the national average of total funding from all sources.
Sources of Revenue:
Consists of transfers from the state lottery account, a portion of the state property tax, and transfers from the emergency reserve account.
Clientele:
Common schools (K-12)
Effective Date:
07/01/2000
Inactive Date:
07/01/2009
Public Notes:
This account was abolished per ESSB 5073, chapter 479, laws of 2009, section 37, effective 7/1/09. The account will remain open in AFRS until all warrants are redeemed.
ACFR Information
Account Code:
299
Account Title:
Student Achievement Account
Fund Type:
BA - Special Revenue Funds
Rollup Fund:
BD - Central Admin and Regulatory Fund
Closing GL Code:
