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Fund 880 - Advance Right-Of-Way Revolving Account

<< Fund Reference Manual

Authority:
Admin Agency:
Department of Transportation - 4050
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Earnings from Investments are:
See Public Notes section below
Description:
Funds used by the Highway Commission to acquire right-of-way for future construction. Whenever, after any property or property rights are acquired from funds in the fund, the Washington’s Highway Commission proceeds with construction of a highway which will require use of any of the property so acquired, the Commission shall reimburse the revolving fund the amount of the prior expenditures for advance right-of-way acquisition.
Sources of Revenue:
Federal Grants-In-Aid, Interest Earnings, rental income
Clientele:
Department of Transportation
Effective Date:
07/01/1969
Inactive Date:
Public Notes:
80% of the earnings from investments are retained by this fund under RCW 43.79A.040(4)(c). 20% of the earnings from investments are credited to the general fund under 43.79A.040(4)(a).

CAFR Information



Account Code:
880
Account Title:
Advance Right-Of-Way Revolving Account
Fund Type:
BA - Special Revenue Funds
Rollup Fund:
BB - Multimodal Transportation Fund
Closing GL Code:
9320 - Committed for Transportation