Fund 523 - Public Funds Investment Account
Authority:
RCW 43.250.030
Admin Agency:
Office of State Treasurer - 0900
Cash Type:
4 - Local Government Investment Pool
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Earnings from Investments are:
Credited to the appropriate fund as directed by the Legislature and/or the administering agency of the fund. RCW’s 43.79A.040 and 43.84.092 do not apply.
Description:
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
Clientele:
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
Effective Date:
07/01/1986
Inactive Date:
Public Notes:
ACFR Information
Account Code:
523
Account Title:
Public Funds Investment Account
Fund Type:
HB - Investment Trust Funds
Rollup Fund:
IA - Local Government Pooled Investment Fu
Closing GL Code:
9554 - Restricted for LGIP Participants
