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523 Public Funds Investment Account

Account code: 523
Account title: Public Funds Investment Account
Administering agency: 0900 - Office of State Treasurer
Fund type: HB - Investment Trust Funds
Roll-up fund: IA - Local Government Pooled Investment Fu
Cash type: 4 - Local Government Investment Pool
SAAM budget type: Nonappropriated/Nonallotted (N)
Interest earning authority:
Authority: RCW 43.250.030
Closing GL Code: 9554
Description: To enable political subdivisions and higher education institutions to participate with the state in providing maximum opportunities for the investment of surplus public funds consistent with the safety and protection of such funds.
Sources of revenue: Charges and Miscellaneous Revenue, Investment Income
Clientele: Local governments, community & technical colleges, four-year public institutions of higher education, the State Board for Community and Technical Colleges, and the State Finance Committee
Effective date: 7/1/1986
Inactive date: