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545 Heating Oil Pollution Liability Trust Account

Account code: 545
Account title: Heating Oil Pollution Liability Trust Account
Administering agency: 4620 - WA Pollution Liab Insurance Program
Fund type: FA - Enterprise Funds
Roll-up fund: FI - Other Activities Fund
Cash type: 2 - Treasury Trust Fund
SAAM budget type: Mixed (Part Approp Or Allot/Part Nonapprop) (M)
Interest earning authority:
Authority: RCW 70.149.070
Closing GL Code: 9400
Description: Used for corrective action costs, third-party liability claims, costs associated with claims administration, purchase of an insurance policy to cover all registered heating oil tanks, and reinsurance of the policy, and administrative expenses of the program, including personnel, equipment, and supplies, and providing advice and technical assistance.
Sources of revenue: Licenses, Permits, and Fees
Clientele: General public
Effective date: 7/1/1995
Inactive date: 7/1/2020
Notes: expiration date per SHB 2590