Fund 607 - State University Permanent Account
Authority:
RCW 43.79.060
Admin Agency:
State Investment Board - 1260
Cash Type:
1 - Treasury Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Earnings from Investments are:
See Public Notes section below
Description:
This is a permanent fund and all moneys are invested. All investment income, less applicable allocations under RCW 43.08.190 and RCW 43.33A.160, must be credited exclusively to the University of Washington bond retirement account (RCW 28B.20.800).
Sources of Revenue:
Sales of Land, Charges and Miscellaneous Revenue, Other Miscellaneous Revenue, Investment Income.
Clientele:
University of Washington
Effective Date:
07/01/1907
Inactive Date:
Public Notes:
Earnings from investments are credited to the University of Washington bond retirement fund (account 348) under RCW 28B.20.800 and 43.84.092(4)(a).
ACFR Information
Account Code:
607
Account Title:
State University Permanent Account
Fund Type:
EA - Permanent Funds
Rollup Fund:
EA - Higher Ed Endowment & Other Perm Funds
Closing GL Code:
9230 - Restricted for Higher Ed
