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880 Advance Right-Of-Way Revolving Account

Account code: 880
Account title: Advance Right-Of-Way Revolving Account
Administering agency: 4050 - Department of Transportation
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 47.12.244
Closing GL Code: 9320
Description: Funds used by the Highway Commission to acquire right-of-way for future construction. Whenever, after any property or property rights are acquired from funds in the fund, the Washington’s Highway Commission proceeds with construction of a highway which 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, Interest Earnings, rental income
Clientele: Department of Transportation
Effective date: 7/1/1969
Inactive date: