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403 Self-Insurance Revolving Account

Account code: 403
Account title: Self-Insurance Revolving Account
Administering agency: 3600 - University of Washington
Fund type: GA - Internal Service Funds
Roll-up fund: GD - Higher Education Revolving Fund
Cash type: 3 - Local Fund
SAAM budget type: Nonappropriated/Nonallotted (N)
Interest earning authority: 43.79A.040
Authority: RCW 28B.20.253
Closing GL Code: 9400
Description: Used to pay judgments against the university, its schools, colleges, departments and hospitals and against its regents, officers, employees, agents and students for whom the defense of an action, claim, or proceeding has been provided pursuant to RCW 28B.20.250. Payments in excess of $2,500 must be approved by the State Attorney General as well as the Board of Regents.
Sources of revenue: Other Miscellaneous Revenue, Interest Earnings
Clientele: University of Washington tort claimants
Effective date: 7/1/1976
Inactive date: