Fund 860 - Institutions of Higher Education -Institutional Financial Aid Account
Locally by each agency - LCL0
3 - Local Fund
SAAM Budget Type:
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.
Used to make guaranteed long-term loans to eligible students as provided in subsections (3) through (8) of this section; to make short-term loans as provided in subsection (9) of this section; or to provide financial aid to needy students as provided in subsection (10) of this section.
Sources of Revenue:
Charges and Miscellaneous Revenue, Interest Earnings
Institutions of Higher Education -Institutional Financial Aid Account
BA - Special Revenue Funds
BG - Higher Education Fund
Closing GL Code:
9310 - Committed for Higher Education