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860 Institutions of Higher Education -Institutional Financial Aid Account

Account code: 860
Account title: Institutions of Higher Education -Institutional Financial Aid Account
Administering agency: LCL0 - Locally by each agency
Fund type: BA - Special Revenue Funds
Roll-up fund: BG - Higher Education Fund
Cash type: 3 - Local Fund
SAAM budget type: Nonappropriated/Nonallotted (N)
Interest earning authority:
Authority: RCW 28B.15.820
Closing GL Code: 9310
Description: Used to make guaranteed long-term loans to eligible students as provided in subsections (3) through (8) of this section; to make short-term loans as provided in subsection (9) of this section; or to provide financial aid to needy students as provided in subsection (10) of this section.
Sources of revenue: Charges and Miscellaneous Revenue, Interest Earnings
Clientele: Eligible students
Effective date: 7/1/1981
Inactive date:
Notes: