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744 School Construction Revolving Account

Account code: 744
Account title: School Construction Revolving Account
Administering agency: 4900 - Department of Natural Resources
Fund type: AA - General Fund
Roll-up fund: AC - Administrative Accts in the General Fund
Cash type: 2 - Treasury Trust Fund
SAAM budget type: Budgeted (Nonappropriated/Allotted) (B)
Interest earning authority: 43.79A.040
Authority: Chapter 16, Section 311(2), Laws of 1990, 1st Ex. Session (Appropriations bill not codified.)
Closing GL Code:
Description: The legislature appropriated general fund money per the above chapter, $ 80 million of which was deposited in this account, created in the appropriation bill. Per the legislature this money is to be spent without further appropriations and is to be used by the Department of Natural Resources to acquire, in fee simple, common school trust lands lying west of the crest of the Cascade mountain range. Timber on these lands shall be commercially unsuitable for harvest due to economic considerations, good forest practices, or other interests of the state.
Sources of revenue: Other Miscellaneous Revenue, Interest Earnings
Clientele: General public
Effective date:
Inactive date: 7/1/2010
Notes: Inactivated 7/1/10 per SSB 6572.