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253 Education Construction Account

Account code: 253
Account title: Education Construction Account
Administering agency: 7000 - OFM Financial Statement Control
Fund type: AA - General Fund
Roll-up fund: AC - Administrative Accts in the General Fund
Cash type: 1 - Treasury Fund
SAAM budget type: Appropriated (A)
Interest earning authority: 43.84.092
Authority: RCW 43.135.045
Closing GL Code: 9310
Description: Funds may be appropriated from the education construction fund exclusively for common school construction or higher education construction. During the 2009-2011 and 2011-2013 fiscal biennia, the legislature may transfer from the education construction fund to the state general fund such amounts as reflect the excess fund balance of the fund. Funds may be appropriated for any other purpose only if approved by a two-thirds vote of each house of the legislature and if approved by a vote of the people at the next general election.
Sources of revenue: Lottery revenue, Miscellaneous revenue, Interest earnings
Clientele: General public
Effective date: 7/1/1993
Inactive date: