Revised Code of Washington
Chapter 43.79 - State Funds.
43.79.465 - Education savings account.

RCW 43.79.465
Education savings account.

The education savings account is created in the state treasury. The account shall consist of all moneys appropriated to the account by the legislature.
(1) Ten percent of legislative appropriations to the education savings account shall be distributed as follows: (a) Fifty percent to the distinguished professorship trust fund under RCW 28B.76.565; (b) seventeen percent to the graduate fellowship trust fund under RCW 28B.76.610; and (c) thirty-three percent to the college faculty awards trust fund under RCW 28B.50.837.
(2) The remaining moneys in the education savings account may be appropriated solely for (a) common school construction projects that are eligible for funding from the common school construction account, (b) technology improvements in the common schools, (c) during the 2001-03 fiscal biennium, technology improvements in public higher education institutions, (d) during the 2007-2009 fiscal biennium, the legislature may transfer from the education savings account to the state general fund such amounts as reflect the excess fund balance of the account attributable to unspent state general fund appropriations for fiscal year 2008, (e) for fiscal year 2011, the legislature may transfer from the education savings account to the state general fund such amounts as reflect the fund balance of the account attributable to unspent general fund appropriations for fiscal year 2010, and (f) for fiscal years 2012 and 2013, the legislature may transfer from the education savings account to the state general fund such amounts as reflect the fund balance of the account attributable to unspent general fund appropriations for fiscal years 2011 and 2012.

[ 2011 1st sp.s. c 50 § 946; 2011 c 5 § 910; 2010 1st sp.s. c 37 § 929; 2009 c 4 § 903; 2004 c 275 § 64; 2001 2nd sp.s. c 7 § 917; 1998 c 302 § 2; 1997 c 261 § 2. Formerly RCW 28A.305.235.]
NOTES:

Reviser's note: This section was amended by 2011 c 5 § 910 and by 2011 1st sp.s. c 50 § 946, each without reference to the other. Both amendments are incorporated in the publication of this section under RCW 1.12.025(2). For rule of construction, see RCW 1.12.025(1).


Effective dates—2011 1st sp.s. c 50: See note following RCW 15.76.115.


Effective date—2011 c 5: See note following RCW 43.79.487.


Effective date—2010 1st sp.s. c 37: See note following RCW 13.06.050.


Effective date—2009 c 4: See note following RCW 43.79.460.


Part headings not law—2004 c 275: See note following RCW 28B.76.090.


Severability—Effective date—2001 2nd sp.s. c 7: See notes following RCW 43.320.110.


Effective date—1997 c 261: See note following RCW 43.79.460.

Structure Revised Code of Washington

Revised Code of Washington

Title 43 - State Government—Executive

Chapter 43.79 - State Funds.

43.79.010 - General fund, how constituted.

43.79.015 - Accounts in general fund designated as accounts in state treasury—Credit of earnings to general fund.

43.79.018 - Obsolete funds and accounts—List provided to the office of financial management and legislative committees.

43.79.019 - Locally held accounts—Review—Requested legislation to hold accounts in state treasury or custody of state treasurer.

43.79.020 - License fees to general fund.

43.79.060 - State university permanent fund.

43.79.071 - University of Washington fund—Moneys transferred to general fund.

43.79.072 - University of Washington fund—Appropriations to be paid from general fund.

43.79.073 - University of Washington fund—Abolished.

43.79.074 - University of Washington fund—Warrants to be paid from general fund.

43.79.075 - University of Washington fund—Other revenue for support of university.

43.79.080 - University building fund.

43.79.100 - Scientific school grant to Washington State University.

43.79.110 - Scientific permanent fund.

43.79.120 - Agricultural college grant to Washington State University.

43.79.130 - Agricultural permanent fund.

43.79.140 - Washington State University—Moneys paid into general fund for support of.

43.79.150 - Normal school grant to former state colleges of education and The Evergreen State College.

43.79.160 - Normal school permanent fund.

43.79.180 - Former state colleges of education—Moneys paid into general fund for support of.

43.79.195 - Workforce education investment account (as amended by 2021 c 170).

43.79.201 - C.E.P. & R.I. account—Moneys transferred to charitable, educational, penal and reformatory institutions account—Exception.

43.79.202 - C.E.P. & R.I. fund—Abolished—Appropriations to be paid from and warrants drawn on account in general fund.

43.79.210 - Federal cooperative extension fund.

43.79.260 - Governor designated state's agent.

43.79.270 - Unanticipated receipts—Duty of department heads.

43.79.280 - Unanticipated receipts—Duty of governor on approval.

43.79.282 - Compliance with RCW 43.79.260 through 43.79.280.

43.79.285 - Joint legislative unanticipated revenue oversight committee.

43.79.300 - Central College fund—Moneys transferred to general fund.

43.79.301 - Central College fund—Appropriations to be paid from general fund.

43.79.302 - Central College fund—Abolished.

43.79.303 - Central College fund—Warrants to be paid from general fund.

43.79.304 - Central College fund—Other revenue for support of Central Washington University.

43.79.310 - Eastern College fund—Moneys transferred to general fund.

43.79.311 - Eastern College fund—Appropriations to be paid from general fund.

43.79.312 - Eastern College fund—Abolished.

43.79.313 - Eastern College fund—Warrants to be paid from general fund.

43.79.314 - Eastern College fund—Other revenue for support of Eastern Washington University.

43.79.320 - Western College fund—Moneys transferred to general fund.

43.79.321 - Western College fund—Appropriations to be paid from general fund.

43.79.322 - Western College fund—Abolished.

43.79.323 - Western College fund—Warrants to be paid from general fund.

43.79.324 - Western College fund—Other revenue for support of Western Washington University.

43.79.330 - Miscellaneous state funds—Moneys transferred to accounts in the state treasury.

43.79.331 - Miscellaneous state funds—Abolished.

43.79.332 - Miscellaneous state funds—Appropriations of 34th legislature to be paid from general fund.

43.79.333 - Miscellaneous state funds—Warrants to be paid from general fund.

43.79.334 - Miscellaneous state funds—Expenditures—Revenue from other than general fund.

43.79.335 - Miscellaneous state funds—Washington State University building account.

43.79.340 - General obligation bond retirement fund—Moneys transferred to general fund.

43.79.341 - General obligation bond retirement fund—Appropriations of 34th legislature to be paid from general fund.

43.79.342 - General obligation bond retirement fund—Abolished.

43.79.343 - General obligation bond retirement fund—Warrants to be paid from general fund.

43.79.350 - Suspense account.

43.79.370 - Suspense account—Disbursements—Vouchers—Warrants.

43.79.381 - Penitentiary revolving account abolished.

43.79.390 - United States vocational education account—Moneys transferred to general fund.

43.79.391 - United States vocational education account—Appropriations to be paid from general fund.

43.79.392 - United States vocational education account—Abolished.

43.79.393 - United States vocational education account—Warrants to be paid from general fund.

43.79.405 - Parks and parkways account abolished—Funds transferred to general fund.

43.79.420 - Miscellaneous state funds—Moneys transferred to basic state general fund.

43.79.421 - Miscellaneous state funds—Abolished.

43.79.422 - Miscellaneous state funds—Warrants to be paid from basic state general fund.

43.79.423 - Miscellaneous state funds or accounts—Moneys transferred to state general fund.

43.79.425 - Current state school fund—Abolished—Moneys transferred.

43.79.430 - Moneys from Inland Power & Light company to be deposited in general fund.

43.79.435 - Investment reserve account abolished—Deposit of moneys.

43.79.440 - Loan principal and interest fund.

43.79.441 - Transfer of moneys from certain school bond and state building construction accounts and funds to general fund—Payment of warrants.

43.79.442 - Transfer of moneys from certain highway construction accounts and funds to general fund—Payment of warrants.

43.79.445 - Death investigations account—Disbursal.

43.79.455 - Capitol purchase and development account.

43.79.460 - Savings incentive account—Report.

43.79.465 - Education savings account.

43.79.470 - State patrol nonappropriated airplane revolving account.

43.79.480 - Tobacco settlement account—Transfers to life sciences discovery fund—Tobacco prevention and control account.

43.79.487 - Basic health plan stabilization account.

43.79.490 - Budget stabilization account.

43.79.495 - Budget stabilization account—Governance.

43.79.496 - Transfers of budget stabilization account deposits to the general fund.

43.79.500 - Uniformed service shared leave pool account.

43.79.505 - Judicial stabilization trust account.

43.79.515 - State efficiency and restructuring account.

43.79.520 - Puget Sound taxpayer accountability account.

43.79.530 - Dairy nutrient infrastructure account.

43.79.540 - Concealed pistol license renewal notification account.

43.79.545 - Climate resiliency account.

43.79.550 - Forest resiliency account.

43.79.555 - Washington rescue plan transition account.

43.79.557 - Coronavirus state fiscal recovery fund.

43.79.559 - Energy efficiency revolving loan capitalization account.

43.79.560 - Clean energy transition workforce account.

43.79.562 - Energy efficiency account.

43.79.565 - Capital community assistance account.

43.79.567 - Community reinvestment account.