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742 American Indian Endowed Scholarship Trust Account

Account code: 742
Account title: American Indian Endowed Scholarship Trust Account
Administering agency: 3430 - Higher Education Coordinating Board
Fund type: BA - Special Revenue Funds
Roll-up fund: BG - Higher Education Fund
Cash type: 2 - Treasury Trust Fund
SAAM budget type: Nonappropriated/Nonallotted (N)
Interest earning authority:
Authority: RCW 28B.108.050
Closing GL Code:
Description: Account used to accumulate state matching funds for the American Indian Scholarship Endowment Account (No. 842). After certain conditions are met the board can request the treasurer to transfer money form this account to account 842.
Sources of revenue: Charges and Miscellaneous Revenue, Other Miscellaneous Revenue
Clientele: American Indian higher education students
Effective date: 7/1/1990
Inactive date: 7/26/2009
Notes: This account was abolished per SSB 5001, chapter 259, laws of 2009, section 3, effective 7/26/09. The account will remain open in AFRS until all warrants are redeemed.