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605 Permanent Common School Account

Account code: 605
Account title: Permanent Common School Account
Administering agency: 1260 - State Investment Board
Fund type: EA - Permanent Funds
Roll-up fund: EC - Common School Permanent Fund
Cash type: 1 - Treasury Fund
SAAM budget type: Nonappropriated/Nonallotted (N)
Interest earning authority:
Authority: State Constitution Article IX, Section 3
Closing GL Code: 9232
Description: Permanent and irreducible fund in the state treasury. Income derived from the fund is used for support of the common schools.
Sources of revenue: Federal Grants-In-Aid, Charges and Miscellaneous Revenue, Other Miscellaneous Revenue, Investment Income
Clientele: Common schools
Effective date:
Inactive date: