Title 43 — Title 43 STATE GOVERNMENT—EXECUTIVE
178 chapters · 3,474 sections in this title.
RCW 43.86A.010 Finding—Objectives.
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The legislature finds that a procedure should be established for the management of short term treasury surplus funds by the state treasurer in order to insure a maximum return while they are on deposit in public depositaries. The objectives of this procedure are to minimize nonin…
RCW 43.86A.020 Surplus funds held as demand deposits to be limited.
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After March 19, 1973, the state treasurer shall limit surplus funds held as demand deposits to an amount necessary for current operating expenses including direct warrant redemption payments, investments and revenue collection. The state treasurer may hold such additional funds a…
RCW 43.86A.030 Surplus funds investment program—Available funds—Allocation.
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(1)(a) The state treasurer shall make funds available for a surplus funds investment program according to the following formula: The state treasurer shall apportion to all participating depositaries an amount equal to five percent of the three year average mean of general state r…
RCW 43.86A.040 Other investment powers of state treasurer not limited.
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Except as provided in RCW 43.86A.020 and 43.86A.030, nothing in this chapter shall be construed as a limitation upon the powers of the state treasurer to determine the amount of surplus treasury funds which may be invested.[ 2022 c 99 s 2; 1973 c 123 s 4.]
RCW 43.86A.050 Implementation of chapter by state treasurer.
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The state treasurer shall devise the necessary formulae and methodology to implement the provisions of this chapter. Periodically, but at least once every six months, the state treasurer shall review all rules and shall adopt, amend or repeal them as may be necessary. These rules…
RCW 43.86A.060 Linked deposit program—Eligible entities—Interest rates—Rule-making authority.
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(1) The state treasurer shall establish a linked deposit program for investment of surplus treasury funds in qualified public depositaries. As a condition of participating in the program, qualified public depositaries must make qualifying loans as provided in this section. The st…
RCW 43.86A.070 Linked deposit program—Liability.
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The state and those acting as its agents are not liable in any manner for payment of the principal or interest on qualifying loans made under RCW 43.86A.060. Any delay in payments or defaults on the part of the borrower does not in any manner affect the deposit agreement between …
RCW 43.86A.080 Linked deposit program—Minority and women's business enterprises—Public depositories' participation.
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Public depositories participating in the linked deposit program are encouraged to increase the funds available to certified minority and women's business enterprises by taking full advantage of the linked deposit program loans to qualify for the community reinvestment act communi…