Washington Administrative Code

(1) During the time period in which a retirement plan's verification letter is effective, the financial services firm offering the plan must amend its application for verification if material amendments to the retirement plan or its underlying investment options are proposed.(2) …

For purposes of this rule, the following definitions shall apply:"Act" means the Washington State School District Credit Enhancement Program Act, pursuant to chapter 39.98 RCW."Application" means an application requesting the state treasurer to issue a certificate of eligibility …

School districts may apply for a certificate of eligibility at any time during the year by filing the application with the state treasurer. Such an application, however, must be submitted to the state treasurer no less than thirty days prior to sale of bonds for which the guarant…

Upon receipt of an application for a certificate of eligibility, the state treasurer will determine whether all items listed in WAC 210-02-020 have been provided and will notify the district no later than five business days after receipt if the application is incomplete.In determ…

Upon determining that a school district is eligible to participate in the guarantee program, the state treasurer will issue a certificate of eligibility to the school district. The certificate of eligibility shall:(1) Evidence the school district's immediate qualification for the…

The state treasurer may deny a school district's application for a certificate of eligibility and issue a determination of ineligibility pursuant to RCW 39.98.040, if:(1) The school district fails to meet the provisions outlined in the act or any of the requirements outlined in t…

"Fiscally solvent" when used for the purposes of any certification required by the act and these rules with respect to the financial condition of a school district seeking to participate in the guarantee program, means that, in the opinion of the person making such determination …

The school district shall provide a copy of the final official statement for the bonds to which the guarantee was applied, promptly upon its publication. The school district shall provide to the state treasurer at the time of closing:(1) A copy of the bond resolution as adopted b…

School districts that issue bonds under a certificate of eligibility, shall evidence the state's guarantee of the school district's bonds in a form to be provided by the state treasurer and placed:(1) On the cover of the school district's preliminary official statement(s) and off…

The office of the state treasurer will undertake to have the Washington school bond guarantee program rated by at least one of the following: Standard & Poor's, Moody's Investors Service, or Fitch Ratings. Any school district proposing to issue bonds under the guarantee program m…

At least seven business days before a scheduled debt service payment is due, a district that has issued bonds under a certificate of eligibility must confirm that sufficient funds will be available to make the scheduled debt service payment. If the district determines that insuff…

Upon determining that a timely transfer of all required funds to the paying agent for scheduled debt service payments on guaranteed bonds cannot be made, the county treasurer shall immediately provide notice to the state treasurer and to the paying agent pursuant to RCW 39.98.050…

If sufficient funds are not transferred to the paying agent at the time or times required to make scheduled debt service payments on guaranteed bonds of a school district, the paying agent shall immediately notify the state treasurer as follows:(1) By telephone: 360-902-9000;(2) …

Each school district is responsible for paying in full the principal of and interest on its bonds guaranteed by the state under the guarantee program. The state treasurer shall recover from the district any funds paid by the state on behalf of a school district under the guarante…

The state treasurer may charge interest in connection with the recovery of funds under chapter 39.98 RCW. Any interest charged will be in a manner consistent with chapter 39.98 RCW. Interest will be determined after taking certain factors into account such as: The circumstances o…

The state treasurer may, after taking into account the circumstances giving rise to the failure of the district to make payments on its bonds in a timely manner, impose a penalty consistent with RCW 39.98.060.[Statutory Authority: RCW 39.98.040. WSR 14-06-107, § 210-02-170, filed…

The district shall pay the fees, expenses and costs incurred by the state in recovering amounts paid under the guarantee.[Statutory Authority: Chapter 39.98 RCW. WSR 00-11-023, § 210-02-180, filed 5/9/00, effective 6/9/00.]

Failure to comply with the provisions of this chapter may result in denial of a future application for eligibility under the guarantee program.[Statutory Authority: RCW 39.98.040. WSR 14-06-107, § 210-02-195, filed 3/5/14, effective 4/5/14.]

The state treasurer may, in his or her discretion, waive any or all provisions of this chapter to the extent provided by law.[Statutory Authority: RCW 39.98.040. WSR 14-06-107, § 210-02-200, filed 3/5/14, effective 4/5/14. Statutory Authority: Chapter 39.98 RCW. WSR 00-11-023, § …

Chapter 39.94 RCW provides for financing of both real and personal property by state agencies and other agencies through the use of financing contracts. The state finance committee must approve all financing contracts issued on behalf of the state of Washington. Transactions may …

For purposes of this rule, the following definitions shall apply:(1) "LOCAL" means local option capital asset lending program.(2) "Program" means the administration of financing contracts and is referred to herein as the lease/purchase program, including state agency financing, a…

A state agency or other agency may apply to the financing program by submitting a notice of intent on the approved form. State finance committee approved forms are available from the office of the state treasurer.The signed notice of intent should be mailed to:Office of the State…

The office of the state treasurer staff will review the notice of intent for completeness, essentiality of equipment/real estate project, length of finance term, amount of financing, useful life of equipment and compliance with other financing requirements and tax laws.[Statutory…

The state finance committee must approve all financing contracts. Agencies should submit a notice of intent to lease/purchase on the approved form at the time of the financing decision. The notice of intent to lease/purchase must be used to apply for financing of both equipment a…

The LOCAL program is available for personal and real property. All applicants must receive approval from the office of the state treasurer to finance through the LOCAL program. Applicants approved for participation will receive notification by the office of the state treasurer.(1…

(1) The office of the state treasurer may pool state agency equipment and LOCAL participants' requests for financing of equipment and real estate into regularly scheduled offerings of certificates of participation. Only applications that have completed information on the required…

The state finance committee may designate a fiscal agent as trustee as provided in RCW 39.94.040. Payments may be directed to the fiscal agent as trustee on behalf of the state. Pursuant to RCW 39.94.030, all payments shall be made according to the terms and scheduled payments da…

The purpose of this chapter shall be to ensure compliance by the state finance committee with the provisions of chapter 1, Laws of 1973 (Initiative 276), Disclosure—Campaign finances—Lobbying—Records; and in particular with §§ 25-32 of that act, dealing with public records.[Order…

(1) Public records. "Public record" includes any writing containing information relating to the conduct of governmental or proprietary function prepared, owned, used or retained by any state or local agency regardless of physical form or characteristics.(2) Writing. "Writing mean…

(1) State finance committee. The state finance committee is a state agency empowered to perform all duties prescribed by law with respect to the investment of trust and public funds. The administrative offices of the state finance committee and its staff are located at 314 Insura…

The state finance committee is charged with the duty to invest certain trust and public funds, as set forth in RCW 43.33.020, 43.33.025, 43.33.030, 51.44.100, and sections 12, 14, 15 and 16, chapter 103, Laws of 1973 1st ex. sess.[Order XII, § 210-06-040, filed 11/28/73.]

All public records of the state finance committee as defined in WAC 210-06-020 are deemed to be available for public inspection and copying pursuant to these rules, except as otherwise provided by section 31, chapter 1, Laws of 1973, and WAC 210-06-020.[Order XII, § 210-06-050, f…

The state finance committee's public records shall be in the charge of the public records officer designated by the agency. The person so designated shall be located in the administrative office of the agency. The public records officer shall be responsible for the following: The…

Public records shall be available for inspection and copying during the customary office hours of the state finance committee. For the purposes of this chapter, the customary office hours shall be from 9:00 a.m. to noon and from 1:00 p.m. to 4:00 p.m., Monday through Friday exclu…

In accordance with requirements of chapter 1, Laws of 1973, that agencies prevent unreasonable invasions of privacy, protect public records from damage or disorganization, and prevent excessive interference with essential functions of the agency, public records may be inspected o…

No fee shall be charged for the inspection of public records. The committee shall charge a fee not to exceed 25 cents per page. This charge is the amount necessary to reimburse the committee for its actual costs incident to such copying.[Order XII, § 210-06-090, filed 11/28/73.]

(1) The committee reserves the right to determine that a public record requested in accordance with the procedures outlined in WAC 210-06-080 is exempt under the provisions of § 31, chapter 1, Laws of 1973.(2) In addition, pursuant to § 26, chapter 1, Laws of 1973, the committee …

(1) Any person who objects to the denial of a request for a public record may petition for prompt review of such decision by tendering a written request for review. The written request shall specifically refer to the written statement by the public records officer or other staff …

(1) Index. The committee has available to all persons a current index which provides identifying information as to the following records issued, adopted or promulgated since June 30, 1972:"(a) Final opinions, including concurring and dissenting opinions, as well as orders, made i…

All communications with the committee including but not limited to the submission of materials pertaining to its operations and/or the administration or enforcement of chapter 1, Laws of 1973 and these rules; requests for copies of the committee's decisions and other matters, sha…

The committee hereby adopts for use by all persons requesting inspection and/or copying or copies of its records, the form attached hereto as Appendix A, entitled "Request for public record."[Order XII, § 210-06-140, filed 11/28/73.]

appendix arequest for public recordsName of Requestor:Address:Phone:Date of Request:Time of Request:Nature of Request:1. Index Reference . . . .2. If not identifiable by reference to the index, then describe the document(s) in detail . . . .. . . .. . . .. . . . Signature . . . .…

Unless the context requires otherwise:"Extended asset fund" means a subpool whose investments generally have a longer maturity than the money market fund and may be more restricted in the number of contributions and withdrawals than the money market fund."Financial institution" m…

(1) Before participating in the pool, all pool participants shall file with the state treasurer, any documentation required by the state treasurer. Such documentation shall, at a minimum, provide the following information:(a) Name and address of the pool participant;(b) A stateme…

The state treasurer shall not be liable for:(1) Any loss, including loss of capital, resulting from investments in the pool and/or any subpool, as applicable, except as provided for in RCW 43.250.040;(2) Any damages resulting from misfeasance, malfeasance, nonfeasance, or defalca…

The state treasurer reserves the right at its sole discretion to set a minimum and/or maximum transaction amount from any subpool and to limit the number of transactions, whether contribution, withdrawal, or transfer, permitted in a day or other given period of time, or whether t…

(1) Contribution procedures for the money market fund:(a) All contributions will be effected by electronic funds transfer to an account in the money market fund designated by the state treasurer. It is the responsibility of each pool participant to pay any bank charges associated…

(1) Contribution limits and earnings credit for the money market fund:To ensure same day credit, a pool participant must inform the state treasurer of any contribution over one million dollars, except for funds transmitted by ACH, no later than 9 a.m. on the same day the contribu…

(1) Withdrawal procedures for the money market fund:Each pool participant shall file with the state treasurer a letter designating the financial institution at which funds withdrawn from the money market fund shall be deposited. This letter shall contain the name of the financial…

A pool participant may transfer funds from one money market fund account to another. To ensure same day credit, a pool participant must inform the state treasurer of any transfer no later than 10 a.m. on the same day the transfer is made. Contributions to the money market fund th…