Fund 446 - Industrial Insurance Rainy Day Fund Acct
Authority:
RCW 51.44.023
Admin Agency:
Department of Labor and Industries - 2350
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Earnings from Investments are:
Retained by this fund under RCW 43.79A.040(4)(b).
Description:
To establish a rainy day fund. These monies may be transferred to the accident fund or the medical aid fund upon finding that the transfer is necessary to reduce a rate increase or aid businesses in recovering from or during economic recessions.
Sources of Revenue:
Transfers from the accident and medical aid funds.
Clientele:
Businesses.
Effective Date:
06/15/2011
Inactive Date:
Public Notes:
ACFR Information
Account Code:
446
Account Title:
Industrial Insurance Rainy Day Fund Acct
Fund Type:
FA - Enterprise Funds
Rollup Fund:
FB - Workers' Compensation Fund
Closing GL Code:
9400 - Accumulated Earnings(Loss)
