Washington advanced college tuition payment program account. The account shall be a discrete nontreasury account retaining its interest earnings in accordance with RCW 43.79A.040 . The account shall be self-sustaining and consist of payments received from purchasers of tuition units and funds received from other sources, public or private. With the exception of investment and operating costs associated with the investment of money by the investment board paid under RCW 43.33A.160 and 43.84.160, the account shall be credited with all investment income earned by the account. Disbursements from the account are exempt from appropriations and the allotment provisions of chapter 43.88 RCW .
Money used for program administration is subject to the allotment of all expenditures.
However, an appropriation is not required for such expenditures. Disbursements from the account shall be made only on the authorization of the governing body. Therefore the assets of the program are not considered state money, common cash, or revenue to the state. See note following RCW 28B.95.025 .