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794 City and County Advance Right-of-Way Revolving Account

Account code: 794
Account title: City and County Advance Right-of-Way Revolving Account
Administering agency: 4070 - Transportation Improvement Board
Fund type: BA - Special Revenue Funds
Roll-up fund: BB - Multimodal Transportation Fund
Cash type: 2 - Treasury Trust Fund
SAAM budget type: Nonappropriated/Nonallotted (N)
Interest earning authority: 43.79A.040
Authority: RCW 47.26.325
Closing GL Code:
Description: Funds used by the cities or counties to acquire right-of-way for future construction. Whenever, after any property or property rights are acquired from funds in the account, the city or county proceeds with construction of an arterial project that will require use of any of the property so acquired, the Commission shall reimburse the revolving fund the amount of the prior expenditures for advance right-of-way acquisition.
Sources of revenue: Federal Grants-in-Aid, Other Miscellaneous Revenue, Interest Earnings
Clientele: Cities and Counties
Effective date: 7/1/2001
Inactive date: 7/1/2010
Notes: Inactivated 7/1/10 per SSB 6572.