reglab/housing_qa huggingface dataset:
WA Rev Code § 39.58.060 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.060 - Loss in a public depositary—Procedure for payment.

RCW 39.58.060 Loss in a public depositary—Procedure for payment.When the commission determines that a loss has occurred in a public depositary, it shall as soon as possible make payment to the proper public officers of all funds subject to such loss, pursuant to the following procedures:(1) For the purposes of determining the sums to be paid, the director of the department of financial institutions or the receiver shall, within twenty days after issuance of a restraining order or taking possession of any public depositary, ascertain the amount of public funds on deposit therein as disclosed by its records and the amount thereof covered by deposit insurance and provide written verification of the amounts thereof to the commission and each public depositor;(2) Within ten days after receipt of written verification, each public depositor shall furnish to the commission verified statements of its deposits in the public depositary, including the uninsured and uncollateralized status of the public deposits, as disclosed by its records;(3) Upon receipt of written verification and statements, the commission shall ascertain and fix the amount of the public deposits, net after deduction of any amount received from deposit insurance and held collateral, and, after determining and declaring the apparent net loss, assess the same against all public depositaries, as follows: First, against the public depositary in which the loss occurred, to the extent of the full value of collateral segregated pursuant to this chapter; second, against all other public depositaries pro rata in proportion to the maximum liability of each depositary as it existed on the date of loss;(4) Assessments made by the commission shall be payable on the second business day following demand, and in case of the failure of any public depositary so to pay, the commission shall take possession of the securities segregated as collateral by the depositary pursuant to this chapter and liquidate the same for the purpose of paying such assessment;(5) Upon receipt of the assessment payments, the commission shall reimburse the public depositors of the public depositary in which the loss occurred to the extent of the depositary's net deposit liability to them;(6) Any owner of public deposits receiving assessment proceeds shall provide a receivership certificate to the commission.[ 2009 c 9 § 5; 1996 c 256 § 5; 1983 c 66 § 9; 1973 c 126 § 12; 1969 ex.s. c 193 § 6.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.Severability—1983 c 66: See note following RCW 39.58.010.
WA Rev Code § 39.58.070 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.070 - Subrogation of commission to depositor's rights—Sums received from distribution of assets, payment.

RCW 39.58.070 Subrogation of commission to depositor's rights—Sums received from distribution of assets, payment.Upon payment to any public depositor, the commission shall be subrogated to all of such depositor's right, title and interest against the public depositary in which the loss occurred and shall share in any distribution of its assets ratably with other depositors. Any sums received from any distribution shall be paid to the public depositors to the extent of any unpaid net deposit liability and the balance remaining shall be paid to the public depositaries against which assessments were made, pro rata in proportion to the assessments actually paid by each such depositary: PROVIDED, That the public depositary in which the loss occurred shall not share in any such distribution of the balance remaining. If the commission incurs expense in enforcing any such claim, the amount thereof shall be paid as a liquidation expense of the public depositary in which the loss occurred.[ 1996 c 256 § 7; 1973 c 126 § 13; 1969 ex.s. c 193 § 7.]
WA Rev Code § 39.58.085 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.085 - Demand accounts in out-of-state and alien banks—Limitations.

RCW 39.58.085 Demand accounts in out-of-state and alien banks—Limitations.(1)(a) The commission, or the chair upon delegation by the commission, may authorize state and local governmental entities to establish demand accounts in out-of-state and alien banks in an aggregate amount not to exceed one million dollars. No single governmental entity shall be authorized to hold more than fifty thousand dollars in one demand account.(b) The governmental entities establishing such demand accounts shall be solely responsible for their proper and prudent management and shall bear total responsibility for any losses incurred by such accounts. Accounts established under the provisions of this section shall not be considered insured by the commission.(c) The state auditor shall annually monitor compliance with this section and the financial status of such demand accounts.(2) Subsection (1)(a) of this section does not apply to RCW 39.58.080 (2) and (3).[ 2016 sp.s. c 2 § 2; 2005 c 203 § 2; 1996 c 256 § 9; 1987 c 505 § 21; 1986 c 160 § 2.]
WA Rev Code § 39.58.090 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.090 - Authority to secure deposits in accordance with chapter—Bonds and securities for deposits dispensed with.

RCW 39.58.090 Authority to secure deposits in accordance with chapter—Bonds and securities for deposits dispensed with.All institutions located in this state which are permitted by the statutes of this state to hold and receive public funds shall have power to secure such deposits in accordance with this chapter. Except as provided in this chapter, no bond or other security shall be required of or given by any public depositary for any public funds on deposit.[ 1996 c 256 § 10; 1984 c 177 § 15; 1969 ex.s. c 193 § 9.]
WA Rev Code § 39.58.100 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.100 - Reports of public depositaries—Certification by director of financial institutions.

RCW 39.58.100 Reports of public depositaries—Certification by director of financial institutions.(1) On or before each commission report due date, each public depositary shall render to the commission a written report, certified under oath, indicating the total amount of public funds on deposit held by it, the uninsured amount of those funds, the net worth of the depositary, and the amount and nature of eligible collateral then segregated for the benefit of the commission.(2) The commission may instruct the director of the department of financial institutions to examine and thereafter certify as to the accuracy of any statement to the commission by any state public depositary, or to provide such other examination report information or data as may be required by the commission. The type, content, and frequency of the reports may be determined by the director of the department of financial institutions, consistent with the requirements of the commission as defined by rule.[ 2009 c 9 § 7; 1996 c 256 § 11; 1984 c 177 § 16; 1983 c 66 § 12; 1969 ex.s. c 193 § 10.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.Severability—1983 c 66: See note following RCW 39.58.010.
WA Rev Code § 39.58.103 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.103 - Notice to commission of reduced net worth.

RCW 39.58.103 Notice to commission of reduced net worth.Each public depositary shall notify the commission in writing within forty-eight hours, or by close of business of the next business day thereafter, of the happening of an event which causes its net worth to be reduced by an amount greater than ten percent of the amount shown as its net worth on the most recent report submitted pursuant to RCW 39.58.100.[ 2009 c 9 § 8; 1983 c 66 § 13; 1975 1st ex.s. c 77 § 4.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.Severability—1983 c 66: See note following RCW 39.58.010.
WA Rev Code § 39.58.105 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.105 - Investigation of financial institution applying to become public depositary—Report.

RCW 39.58.105 Investigation of financial institution applying to become public depositary—Report.(1) The commission may require the state auditor or the director of the department of financial institutions, to the extent of their respective authority under applicable federal and Washington state law, to thoroughly investigate and report to it concerning the condition of any financial institution which makes application to become a public depositary, and may also as often as it deems necessary require the state auditor or the director of the department of financial institutions, to the extent of their respective authority under applicable federal and Washington state law, to make such investigation and report concerning the condition of any financial institution which has been designated as a public depositary. The expense of all such investigations or reports shall be borne by the financial institution examined.(2) In lieu of any such investigation or report, the commission may rely upon information made available to it or the director of the department of financial institutions by the office of the comptroller of the currency, the national credit union administration, the federal deposit insurance corporation, the federal reserve board, any state financial institutions regulatory agency, or any successor state or federal financial institutions regulatory agency, and any such information or data received by the commission shall be kept and maintained in the same manner and have the same protections as examination reports received by the commission from the director of the department of financial institutions pursuant to RCW 30A.04.075(2)(h), 32.04.220(2)(h), and 31.12.565(2)(j).(3) The director of the department of financial institutions shall in addition advise the commission of any action he or she has directed any state public depositary to take which will result in a reduction of greater than ten percent of the net worth of such depositary as shown on the most recent report it submitted pursuant to RCW 39.58.100.[ 2018 c 237 § 2; 2016 c 152 § 3; 2009 c 9 § 9; 1996 c 256 § 12; 1983 c 66 § 14; 1975 1st ex.s. c 77 § 5.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.Severability—1983 c 66: See note following RCW 39.58.010.
WA Rev Code § 39.58.108 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.108 - Requirements to become depositary.

RCW 39.58.108 Requirements to become depositary.Any financial institution may become, and thereafter operate as, a public depositary upon approval by the commission and segregation of collateral in the manner as set forth in this chapter, and subject to compliance with all rules and policies adopted by the commission. A public depositary shall at all times pledge and segregate eligible collateral in an amount established by the commission by rule or noticed resolution.[ 2016 c 152 § 4; 2009 c 9 § 10; 1996 c 256 § 13; 1984 c 177 § 17; 1983 c 66 § 15; 1975 1st ex.s. c 77 § 6.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.Severability—1983 c 66: See note following RCW 39.58.010.
WA Rev Code § 39.58.130 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.130 - Investment deposits—Net worth of public depositary.

RCW 39.58.130 Investment deposits—Net worth of public depositary.A treasurer and the state treasurer are authorized to deposit in a public depositary any public funds available for investment and secured by collateral in accordance with the provisions of this chapter, and receive interest thereon. The authority provided by this section is additional to any authority now or hereafter provided by law for the investment or deposit of public funds by any such treasurer: PROVIDED, That in no case shall the aggregate of demand and investment deposits of public funds by any such treasurer in any one public depositary exceed at any time the net worth of that depositary. If a public depositary's net worth is reduced, a treasurer and the state treasurer may allow public funds on deposit in excess of the reduced net worth to remain until maturity upon pledging by the depositary of eligible securities valued at market value in an amount at least equal to the amount of the excess deposits. The collateral shall be segregated as provided in RCW 39.58.050. If the additional securities required by this section are not pledged by the depositary, the depositary shall permit withdrawal prior to maturity by the treasurer of deposits, including accrued interest, in accordance with applicable statutes and governmental regulations.[ 2009 c 9 § 11; 1996 c 256 § 14; 1984 c 177 § 18; 1983 c 66 § 16; 1969 ex.s. c 193 § 13.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.Severability—1983 c 66: See note following RCW 39.58.010.
WA Rev Code § 39.58.135 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.135 - Limitations on deposits.

RCW 39.58.135 Limitations on deposits.Notwithstanding RCW 39.58.130, (1) aggregate deposits received by a public depositary from all treasurers and the state treasurer shall not exceed at any time one hundred fifty percent of the value of the depositary's net worth, nor (2) shall the aggregate deposits received by any public depositary exceed thirty percent of the total aggregate deposits of all public treasurers in all depositaries as determined by the commission. However, a public depositary may receive deposits in excess of the limits provided in this section if eligible collateral, as prescribed in RCW 39.58.050, are pledged in an amount equal to one hundred percent of the value of deposits received in excess of the limitations prescribed in this section.[ 2016 c 152 § 5; 2009 c 9 § 12; 1996 c 256 § 15; 1986 c 25 § 1; 1984 c 177 § 19.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.
WA Rev Code § 39.58.140 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.140 - Liability of treasurers and state treasurer.

RCW 39.58.140 Liability of treasurers and state treasurer.When deposits are made in accordance with this chapter, a treasurer and the state treasurer shall not be liable for any loss thereof resulting from the failure or default of any public depositary without fault or neglect on his or her part or on the part of his or her assistants or clerks.[ 2009 c 9 § 13; 1996 c 256 § 16; 1969 ex.s. c 193 § 29.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.Liability of state treasurer: RCW 43.85.070.
WA Rev Code § 39.58.155 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.155 - Statewide custodian—Exemption from chapter.

RCW 39.58.155 Statewide custodian—Exemption from chapter.A statewide custodian under RCW 43.08.280 may be exempted from the requirements of this chapter, based on rules adopted by the commission.[ 2016 c 152 § 6; 1999 c 293 § 3.]NOTES:Purpose—Effective date—1999 c 293: See notes following RCW 43.08.280.
WA Rev Code § 39.58.200 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.200 - Public depositary pool—Uniform treatment by commission.

RCW 39.58.200 Public depositary pool—Uniform treatment by commission.For the purposes of this chapter, the commission shall include all public depositaries in a single public depositary pool. All public depositaries, as defined in RCW 39.58.010, shall be treated uniformly by the commission without regard to distinctions in the nature of its financial institution charter.[ 2009 c 9 § 3.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.
WA Rev Code § 39.58.210 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.210 - Failure to furnish information—Failure to comply with chapter—Revocation of authority—Costs for noncompliance.

RCW 39.58.210 Failure to furnish information—Failure to comply with chapter—Revocation of authority—Costs for noncompliance.If a depositary neglects or refuses to promptly and accurately furnish, or to allow verification of, any required information requested by the commission or by the director of the department of financial institutions when acting on behalf of the commission pursuant to this chapter, or if a public depositary otherwise fails to comply with this chapter or any rules or policies of the commission, the commission may at its option deny or revoke the authority of such depositary to act as a public depositary pursuant to this chapter, or otherwise suspend such depositary from receiving or holding public deposits until such time as the depositary receives the information or complies with the commission's rules and policies. The commission shall have the authority to assess by rule costs for a depositary's noncompliance with this chapter and rules and resolutions adopted pursuant to this chapter.[ 2009 c 9 § 15.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.
WA Rev Code § 39.58.220 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.220 - Commission—Delegation of authority—Exception.

RCW 39.58.220 Commission—Delegation of authority—Exception.The commission may by resolution delegate all of its authority to the state treasurer except rule making.[ 2009 c 9 § 16.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.
WA Rev Code § 39.58.230 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.230 - Liability after merger, takeover, or acquisition.

RCW 39.58.230 Liability after merger, takeover, or acquisition.The liability of a public depositary under this chapter shall not be altered by any merger, takeover, or acquisition, except to the extent that such liability is assumed by agreement or operation of law by the successor entity or resulting financial institution.[ 2009 c 9 § 17.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.
WA Rev Code § 39.58.750 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.58 - Public Funds—Deposits and Investments—Public Depositaries.|39.58.750 - Receipt, disbursement, or transfer of public funds by wire or other electronic communication means authorized.

RCW 39.58.750 Receipt, disbursement, or transfer of public funds by wire or other electronic communication means authorized.Notwithstanding any provision of law to the contrary, the state treasurer or any treasurer or other custodian of public funds may receive, disburse, or transfer public funds under his or her jurisdiction by means of wire or other electronic communication in accordance with accounting standards established by the state auditor under RCW 43.09.200 with regard to treasurers of municipalities or other custodians or by the office of financial management under RCW 43.88.160 in the case of the state treasurer and other state custodians to safeguard and insure accountability for the funds involved.[ 2009 c 9 § 14; 1996 c 256 § 17; 1981 c 101 § 1; 1979 c 151 § 48; 1977 ex.s. c 15 § 1. Formerly RCW 39.58.150.]NOTES:Effective date—2009 c 9: See note following RCW 39.58.010.Effective date—1977 ex.s. c 15: "The effective date of this act shall be July 1, 1977." [ 1977 ex.s. c 15 § 2.]
WA Rev Code § 39.59.010 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.59 - Public Funds—Authorized Investments.|39.59.010 - Definitions.

RCW 39.59.010 Definitions.Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.(1) "Bond" means any agreement which may or may not be represented by a physical instrument, including but not limited to bonds, notes, warrants, or certificates of indebtedness, that evidences an obligation under which the issuer agrees to pay a specified amount of money, with or without interest, at a designated time or times either to registered owners or bearers.(2) "Local government" means any county, city, town, special purpose district, political subdivision, municipal corporation, or quasi-municipal corporation, including any public corporation, authority, or other instrumentality created by such an entity.(3) "State" includes any state in the United States, other than the state of Washington.[ 2016 c 152 § 9; 2015 c 225 § 50; 2002 c 332 § 22; 1988 c 281 § 1.]NOTES:Intent—Effective date—2002 c 332: See notes following RCW 43.19.760.
WA Rev Code § 39.59.020 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.59 - Public Funds—Authorized Investments.|39.59.020 - Authorized investments—Local government authority.

RCW 39.59.020 Authorized investments—Local government authority.(1) Local governments in the state of Washington are authorized to invest their funds and money in their custody or possession, eligible for investment, in investments authorized by this chapter.(2) Nothing in this section is intended to limit or otherwise restrict a local government from investing in additional authorized investments if that local government has specific authority to do so.[ 2016 c 152 § 10; 1988 c 281 § 2.]