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446 Industrial Insurance Rainy Day Fund Acct

Account code: 446
Account title: Industrial Insurance Rainy Day Fund Acct
Administering agency: 2350 - Department of Labor and Industries
Fund type: FA - Enterprise Funds
Roll-up fund: FB - Workers' Compensation Fund
Cash type: 2 - Treasury Trust Fund
SAAM budget type: Nonappropriated/Nonallotted (N)
Interest earning authority: 43.79A.040
Authority: RCW 51.44.023
Closing GL Code: 9400
Description: To establish a rainy day fund. These monies may be transferred to the accident fund or the medical aid fund upon finding that the transfer is necessary to reduce a rate increase or aid businesses in recovering from or during economic recessions.
Sources of revenue: Transfers from the accident and medical aid funds.
Clientele: Businesses.
Effective date: 6/15/2011
Inactive date:
Notes: