Fund 523 - Public Funds Investment Account
Office of State Treasurer - 0900
4 - Local Government Investment Pool
SAAM Budget Type:
Earnings from Investments are:
See Public Notes section below
To enable political subdivisions and higher education institutions to participate with the state in providing maximum opportunities for the investment of surplus public funds consistent with the safety and protection of such funds.
Sources of Revenue:
Charges and Miscellaneous Revenue, Investment Income
Local governments, community & technical colleges, four-year public institutions of higher education, the State Board for Community and Technical Colleges, and the State Finance Committee
Earnings from investments are credited to the fund and distributed monthly to the appropriate entities and/or funds that participate in this pool. RCW’s 43.79A.040 and 43.84.092 do not apply.
Public Funds Investment Account
HB - Investment Trust Funds
IA - Local Government Pooled Investment Fu
Closing GL Code:
9554 - Restricted for LGIP Participants