Fund 804 - Washington Saves Investment Account
Authority:
RCW 19.05.120
Admin Agency:
Dept of Financial Institutions - 1020
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Earnings from Investments are:
Credited to the general fund under RCW 43.79A.040(4)(a).
Description:
To create individual retirement accounts for participants to provide for additional retirement savings; distribute or transfer contributions and earnings less taxes, fees, and penalties, per applicable laws.
Sources of Revenue:
WA Saves contributions
Clientele:
Participants, employers
Effective Date:
06/06/2024
Inactive Date:
Public Notes:
The assets of this account are not state money, common cash, or revenue to the state and may not be commingled with state funds. The state has no claim to or against these funds.
ACFR Information
Account Code:
804
Account Title:
Washington Saves Investment Account
Fund Type:
HA - Private Purpose Funds
Rollup Fund:
JD - Other Private-Purpose Trust Funds
Closing GL Code:
9400 - Accumulated Earnings(Loss)
