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299 Student Achievement Account

Account code: 299
Account title: Student Achievement Account
Administering agency: 3500 - Supt of Public Instruction
Fund type: BA - Special Revenue Funds
Roll-up fund: BD - Central Admin and Regulatory Fund
Cash type: 1 - Treasury Fund
SAAM budget type: Appropriated (A)
Interest earning authority:
Authority: RCW 43.135.045
Closing GL Code:
Description: To be used in accordance with the provision of the student achievement act, as required by Initiative I-728. Used to fund maintenance and operation of the K-12 education state funding level of no less than ninety percent of the national average of total funding from all sources.
Sources of revenue: Consists of transfers from the state lottery account, a portion of the state property tax, and transfers from the emergency reserve account.
Clientele: Common schools (K-12)
Effective date: 7/1/2000
Inactive date: 7/1/2009
Notes: This account was abolished per ESSB 5073, chapter 479, laws of 2009, section 37, effective 7/1/09. The account will remain open in AFRS until all warrants are redeemed.