reglab/statecodes huggingface dataset:
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83 - Capital Improvements. › 43.83.340 - State and local improvements revolving account-water supply facilities—Definition.

RCW 43.83.340
State and local improvements revolving account-water supply facilities—Definition.
(1) The state and local improvements revolving account-water supply facilities is hereby created in the general fund and shall be used exclusively for the purpose of providing funds for the planning, acquisition, construction, and improvement of water supply facilities within the state.
(2) As used in this section, the term "water supply facilities" means domestic, municipal, industrial, and agricultural (and any associated fishery, recreational, or other beneficial use) water supply or distribution systems including, but not limited to, all equipment, utilities, structures, real property, and interests in and improvements on real property necessary for or incidental to the acquisition, construction, installation, or use of any such water supply or distribution system.
[ 2015 1st sp.s. c 4 § 39; 1979 ex.s. c 234 § 3. Formerly RCW 43.99E.020.]
NOTES:
Referral to electorate—1979 ex.s. c 234: "This act shall be submitted to the people for their adoption and ratification, or rejection, at the general election to be held in this state on the Tuesday next succeeding the first Monday in November, 1980, in accordance with Article VIII, section 3 of the state Constitution, in accordance with Article II, section 1 of the state Constitution, and the laws adopted to facilitate the operation thereof." [ 1979 ex.s. c 234 § 12.]
Reviser's note: "This act," chapter 43.99E RCW (1979 ex.s. c 234), was adopted and ratified by the people at the November 4, 1980, general election (Referendum Bill No. 38). State Constitution Art. 2 § 1(d) provides: ". . . Such measure [initiatives and referendums] shall be in operation on and after the thirtieth day after the election at which it is approved . . . ."
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83 - Capital Improvements. › 43.83.350 - State and local improvements revolving account, Waste Disposal Facilities, 1980—Definitions.

RCW 43.83.350
State and local improvements revolving account, Waste Disposal Facilities, 1980—Definitions.
(1) The state and local improvements revolving account, Waste Disposal Facilities, 1980 is hereby created in the state treasury and shall be used exclusively for the purpose of providing funds to public bodies for the planning, design, acquisition, construction, and improvement of public waste disposal and management facilities, or for purposes of assisting a public body to obtain an ownership interest in waste disposal and management facilities and/or to defray a part of the payments made by a public body to a service provider under a service agreement entered into pursuant to RCW 70A.140.060, in this state.
(2) "Waste disposal and management facilities" means any facilities or systems for the control, collection, storage, treatment, disposal, recycling, or recovery of nonradioactive liquid wastes or nonradioactive solid wastes, or a combination thereof, including, but not limited to, sanitary sewage, stormwater, residential, industrial, commercial, and agricultural wastes, and concentrations of organic sediments waste, inorganic nutrients, and toxic materials which are causing environmental degradation and loss of the beneficial use of the environment, and material segregated into recyclables and nonrecyclables. Waste disposal and management facilities may include all equipment, utilities, structures, real property, and interest in and improvements on real property necessary for or incidental to such purpose. As used in this chapter, the phrase "waste disposal and management facilities" shall not include the acquisition of equipment used to collect residential or commercial garbage.
(3) "Public body" means the state of Washington or any agency, political subdivision, taxing district, or municipal corporation thereof, an agency of the federal government, and those Indian tribes now or hereafter recognized as such by the federal government.
(4) "Control" means those measures necessary to maintain and/or restore the beneficial uses of polluted land and water resources including, but not limited to, the diversion, sedimentation, flocculation, dredge and disposal, or containment or treatment of nutrients, organic waste, and toxic material to restore the beneficial use of the state's land and water resources and prevent the continued pollution of these resources.
(5) "Planning" means the development of comprehensive plans for the purpose of identifying statewide or regional needs for specific waste disposal facilities as well as the development of plans specific to a particular project.
[ 2021 c 65 § 46; 2015 1st sp.s. c 4 § 40; 1991 sp.s. c 13 § 44; 1985 c 57 § 56; 1980 c 159 § 3. Formerly RCW 43.99F.030.]
NOTES:
Explanatory statement—2021 c 65: See note following RCW 53.54.030.
Effective dates—Severability—1991 sp.s. c 13: See notes following RCW 18.08.240.
Effective date—1985 c 57: See note following RCW 18.04.105.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83 - Capital Improvements. › 43.83.360 - State social and health services construction account—Definition.

RCW 43.83.360
State social and health services construction account—Definition.
(1) The state social and health services construction account is hereby created in the state treasury and shall be used exclusively for the purpose of providing needed capital improvements consisting of the planning, acquisition, construction, remodeling, improving, and equipping of social and health services facilities.
(2) As used in this section, the term "social and health services facilities" shall include, without limitation, facilities for use in veterans' service programs, adult correction programs, juvenile rehabilitation programs, mental health programs, and developmental disabilities programs for which an appropriation is made from the social and health services construction account in the general fund by chapter 276, Laws of 1975 1st ex. sess., the capital appropriations act, or subsequent capital appropriations acts.
[ 2015 1st sp.s. c 4 § 36; 1991 sp.s. c 13 § 56; 1985 c 57 § 49; 1975-'76 2nd ex.s. c 125 § 3. Formerly RCW 43.83H.030.]
NOTES:
Effective dates—Severability—1991 sp.s. c 13: See notes following RCW 18.08.240.
Effective date—1985 c 57: See note following RCW 18.04.105.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.011 - Definitions.

RCW 43.83B.011
Definitions.
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.
(1) "Department" means the department of ecology.
(2) "Drought condition" means that the water supply for a geographic area, or for a significant portion of a geographic area, is below seventy-five percent of normal and the water shortage is likely to create undue hardships for water users or the environment.
(3) "Normal" water supply, for the purpose of determining drought conditions, means the median amount of water available to a geographical area, relative to the most recent thirty-year base period used to define climate normals.
[ 2020 c 168 § 1.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.230 - Provision for recreation, fish and wildlife enhancement and other public benefits.

RCW 43.83B.230
Provision for recreation, fish and wildlife enhancement and other public benefits.
In the course of considering applications under this chapter, the department of ecology shall make known to other state agencies possibilities which may arise to provide public benefits such as recreation or fish and wildlife enhancement in connection with proposed projects. Such agencies, including the department of ecology, are authorized to participate in said projects provided agency funds are made available to pay the full cost of their participation.
[ 1975 1st ex.s. c 295 § 14.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.400 - Findings—Intent.

RCW 43.83B.400
Findings—Intent.
The legislature recognizes that drought and water shortages can place a significant hardship on Washington communities, farms, and the natural environment. Rising temperatures due to climate change may cause water supply shortages to be more frequent and severe in the future. Therefore, the ability to respond to drought and water shortage emergencies is critical to the long-term prosperity of our state. It is the intent of the legislature to provide the department with the authority to effectively and efficiently take actions when a drought emergency occurs to alleviate hardship on water users and our natural environment.
The legislature also recognizes that effective emergency drought response is predicated on building resiliency and preparedness before water shortages occur. Therefore, it is also the intent of the legislature that the department assist water users by supporting measures to strengthen the resiliency and preparedness of water users to drought conditions in the long term.
[ 2020 c 168 § 2; 1989 c 171 § 1.]
NOTES:
Severability—1989 c 171: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [ 1989 c 171 § 14.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.406 - Transfers from general fund to emergency drought response account.

RCW 43.83B.406
Transfers from general fund to emergency drought response account.
Upon the issuance of an order of drought emergency under RCW 43.83B.405(2), the state treasurer shall transfer from the general fund to the emergency drought response account created in RCW 43.83B.435 those amounts necessary to bring the balance of the emergency drought response account to $3,000,000, based upon the determination of the transfer amount from the office of financial management. The office of financial management must determine the fund balance of the emergency drought response account as of the previous fiscal month before the issuance of an order of drought emergency. The office of financial management must promptly notify the state treasurer and the department of the account balance and the necessary transfer amount once a determination is made. A transfer based on the determination by the office of financial management may be made only once every fiscal year.
[ 2023 c 287 § 3.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.415 - Grants to public entities.

RCW 43.83B.415
Grants to public entities.
(1)(a) The department is authorized to issue grants to eligible public entities to reduce current or future hardship caused by water unavailability stemming from drought conditions. No single entity may receive more than 25 percent of the total funds available. The department is not obligated to fund projects that do not provide sufficient benefit to alleviating hardship caused by drought or water unavailability. Projects must show substantial benefit from securing water supply, availability, or reliability relative to project costs. Projects do not need to be completed while a drought emergency order under RCW 43.83B.405(2) is in effect.
(b) Except for projects for public water systems serving economically disadvantaged communities, the department may only fund up to 50 percent of the total eligible cost of the project. Money used by applicants as a cash match may not originate from other state funds.
(c) For the purposes of this chapter, eligible public entities include only:
(i) Counties, cities, and towns;
(ii) Water and sewer districts formed under chapter 57.02 RCW;
(iii) Public utility districts formed under chapter 54.04 RCW;
(iv) Port districts formed under chapter 53.04 RCW;
(v) Conservation districts formed under chapter 89.08 RCW;
(vi) Irrigation districts formed under chapter 87.03 RCW;
(vii) Watershed management partnerships formed under RCW 39.34.200; and
(viii) Federally recognized tribes.
(2) Grants may be used to develop projects that enhance the ability of water users to effectively mitigate for the impacts of water unavailability arising from drought. Project applicants must demonstrate that the projects will increase their resiliency, preparedness, or ability to withstand drought conditions when they occur. Projects may include, but are not limited to:
(a) Creation of additional water storage;
(b) Implementation of source substitution projects;
(c) Development of alternative, backup, or emergency water supplies or interties;
(d) Installation of infrastructure or creation of educational programs that improve water conservation and efficiency or promote use of reclaimed water;
(e) Development or update of local drought contingency plans if not already required by state rules adopted under chapter 246-290 WAC;
(f) Mitigation of emergency withdrawals authorized under RCW 43.83B.410(1);
(g) Projects designed to mitigate for the impacts of water supply shortages on fish and wildlife; and
(h) Emergency construction or modification of water recreational facilities.
(3) During a drought emergency order pursuant to RCW 43.83B.405(2), the department shall prioritize funding for projects designed to relieve the immediate hardship caused by water unavailability.
[ 2023 c 287 § 1; 2020 c 168 § 5; 1989 c 171 § 4.]
NOTES:
Severability—1989 c 171: See note following RCW 43.83B.400.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.420 - Rules.

RCW 43.83B.420
Rules.
The department shall adopt such rules as are necessary to ensure the successful implementation of this chapter.
[ 1989 c 171 § 5.]
NOTES:
Severability—1989 c 171: See note following RCW 43.83B.400.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.425 - Applicability—Construction.

RCW 43.83B.425
Applicability—Construction.
Nothing in this chapter shall:
(1) Authorize any interference whatsoever with existing water rights;
(2) Authorize the establishment of rights to withdrawal of waters of a permanent nature or of rights with any priority;
(3) Authorize the establishment of a water right under RCW 90.03.250 or 90.44.060;
(4) Preclude any person from filing an application pursuant to RCW 90.03.250 or 90.44.060.
[ 1989 c 171 § 6.]
NOTES:
Severability—1989 c 171: See note following RCW 43.83B.400.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.430 - State drought preparedness account.

RCW 43.83B.430
State drought preparedness account.
The state drought preparedness account is created in the state treasury. All receipts from appropriated funds designated for the account and all cost recovery revenues collected under RCW 43.83B.410(5) must be deposited into the account. Expenditures from the account may be used for drought planning and preparedness activities under this chapter, including grants issued under RCW 43.83B.415. Moneys in the account may be spent only after appropriation. During the 2021-2023 and 2023-2025 fiscal biennia, the legislature may appropriate moneys from the account for activities related to water banking.
[ 2023 c 474 § 8033; 2023 c 287 § 2. Prior: 2022 c 297 § 957; 2022 c 296 § 7008; 2020 c 168 § 6; 2016 sp.s. c 36 § 933; 2011 c 5 § 911; 2002 c 371 § 910; 1999 c 379 § 921.]
NOTES:
Reviser's note: This section was amended by 2023 c 287 § 2 and by 2023 c 474 § 8033, 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).
Conflict with federal requirements—Effective date—2023 c 474: See notes following RCW 28A.320.330.
Effective date—2022 c 297: See note following RCW 43.79.565.
Effective date—2022 c 296: See note following RCW 43.63A.125.
Effective date—2016 sp.s. c 36: See note following RCW 18.20.430.
Effective date—2011 c 5: See note following RCW 43.79.487.
Severability—Effective date—2002 c 371: See notes following RCW 9.46.100.
Effective date—1999 c 379: See note following RCW 79A.15.040.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.435 - Emergency drought response account.

RCW 43.83B.435
Emergency drought response account.
The emergency drought response account is created in the state treasury. All receipts from moneys received pursuant to RCW 43.83B.406, moneys appropriated to the account by the legislature for the purpose of funding emergency drought response actions or moneys directed to the account from any other lawful source must be deposited into the account. Moneys in the account may be spent only after appropriation. Expenditures from the account may be used only for the costs of implementing the powers set forth in RCW 43.83B.410 through 43.83B.420 to provide relief for the immediate hardship caused by water unavailability while a drought emergency order issued pursuant to RCW 43.83B.405(2) is in effect. The department must, at a minimum, provide the director of the office of financial management, legislative fiscal committees, and the joint legislative committee on water supply during drought, established under RCW 90.86.010, with a close-out cost summary following the expiration of an emergency drought order during which expenditures were made from the account.
[ 2023 c 287 § 4.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.440 - Drought contingency plan revision.

RCW 43.83B.440
Drought contingency plan revision.
In collaboration with affected governments, the department may revise the existing drought contingency plan. The department shall notify interested parties of any updates to the drought contingency plan.
[ 2020 c 168 § 7.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.450 - Long-term water right lease agreements—Pilot program.

RCW 43.83B.450
Long-term water right lease agreements—Pilot program. (Expires June 30, 2025.)
(1) The department shall initiate a pilot program in a selected basin or basins to explore the cost, feasibility, and benefits of entering into long-term water right lease agreements. The purpose of the agreements is to alleviate water supply conditions that may affect public health and safety, drinking water supplies, agricultural activities, or fish and wildlife survival. Under this program, the department is authorized to negotiate and enter into contractual agreements before a drought emergency is declared under RCW 43.83B.405(2) that identify projects, measures, sources of water, and other resources that may be accessed during times of water shortage. Water right changes executed under agreement under this section are subject to the requirements of RCW 90.03.380.
(2) The department shall submit a report to the legislature by December 31, 2024, on the results of the pilot program. The department shall include a summary of the contracts entered into pursuant to this section and recommendations to the legislature.
(3) This section expires June 30, 2025.
[ 2020 c 168 § 8.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83B - Drought Conditions. › 43.83B.901 - Severability—1977 ex.s. c 1.

RCW 43.83B.901
Severability—1977 ex.s. c 1.
If any provision of this 1977 amendatory act, or its application to any person or circumstance is held invalid, the remainder of the act, or the application of the provision to other persons or circumstances is not affected.
[ 1977 ex.s. c 1 § 19.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83F - Capitol Facilities Revenue Bonds, 1969—East Capitol Site Bonds, 1969. › 43.83F.010 - Refunding bonds—Issuance—Authorization.

RCW 43.83F.010
Refunding bonds—Issuance—Authorization.
The state finance committee is authorized to issue general obligation bonds of the state in the amount of twenty-one million dollars, or so much thereof as may be required to refund, at or prior to maturity, the outstanding "State of Washington Capitol Facilities Revenue Bonds, 1969", dated October 1, 1969, and the outstanding "State of Washington East Capitol Site Bonds, 1969", dated October 1, 1969, and to pay any premium payable with respect thereto and all interest thereon, and to pay all costs incidental thereto and to the issuance of the bonds authorized by this chapter. The bonds authorized by this chapter shall be paid and discharged within thirty years of the date of issuance in accordance with Article VIII, section 1, of the state Constitution.
[ 1974 ex.s. c 113 § 1.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83F - Capitol Facilities Revenue Bonds, 1969—East Capitol Site Bonds, 1969. › 43.83F.020 - Refunding bonds—Powers and duties of state finance committee.

RCW 43.83F.020
Refunding bonds—Powers and duties of state finance committee.
The issuance, sale and retirement of said bonds shall be under the supervision and control of the state finance committee. The committee is authorized to prescribe the form, terms, conditions, and covenants of the bonds, the time or times of sale of all or any portion of them, and the conditions and manner of their sale, issuance and redemption. None of the bonds herein authorized shall be sold for less than the par value thereof.
The committee may provide that the bonds, or any of them, may be called prior to the maturity date thereof under such terms, conditions, and provisions as it may determine and may authorize the use of facsimile signatures in the issuance of such bonds. Such bonds shall be payable at such places as the committee may provide.
[ 1974 ex.s. c 113 § 2.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83F - Capitol Facilities Revenue Bonds, 1969—East Capitol Site Bonds, 1969. › 43.83F.030 - Refunding bonds—Administration of proceeds from sale—Exception.

RCW 43.83F.030
Refunding bonds—Administration of proceeds from sale—Exception.
The proceeds from the sale of bonds authorized by this chapter shall be set aside for the payment of the bonds to be refunded in accordance with chapter 39.53 RCW, except that investment and reinvestment thereof shall be limited to direct obligations of the United States of America.
[ 1974 ex.s. c 113 § 3.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83F - Capitol Facilities Revenue Bonds, 1969—East Capitol Site Bonds, 1969. › 43.83F.040 - Refunding bonds—Payment from bond redemption fund—Procedure—General obligation of state.

RCW 43.83F.040
Refunding bonds—Payment from bond redemption fund—Procedure—General obligation of state.
The state building refunding bond redemption fund is hereby created in the state treasury, which fund shall be exclusively devoted to the payment of the principal of and interest on the bonds authorized by this chapter. The state finance committee, shall, on or before June 30th of each year, certify to the state treasurer the amount needed in the ensuing twelve months to meet such bond retirement and interest requirements and on July 1st of each year the state treasurer shall deposit such amount in the state building bond redemption fund from any general state revenues received in the state treasury and certified by the state treasurer to be general state revenues. Bonds issued under the provisions of this chapter shall state that they are a general obligation of the state of Washington, shall pledge the full faith and credit of the state to the payment of the principal thereof and the interest thereon and shall contain an unconditional promise to pay such principal and interest as the same shall become due. The owner and holder of each of the bonds or the trustee for the owner and holder of any of the bonds may by a mandamus or other appropriate proceeding require the transfer and payment of funds as directed herein.
[ 1974 ex.s. c 113 § 4.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83F - Capitol Facilities Revenue Bonds, 1969—East Capitol Site Bonds, 1969. › 43.83F.050 - Refunding bonds—Legislature may provide additional means for payment.

RCW 43.83F.050
Refunding bonds—Legislature may provide additional means for payment.
The legislature may provide additional means for raising moneys for the payment of the principal of and interest on the bonds authorized in this chapter, and this chapter shall not be deemed to provide an exclusive method for such payment.
[ 1974 ex.s. c 113 § 5.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.83F - Capitol Facilities Revenue Bonds, 1969—East Capitol Site Bonds, 1969. › 43.83F.060 - Refunding bonds—Legal investment for state and other public bodies.

RCW 43.83F.060
Refunding bonds—Legal investment for state and other public bodies.
The bonds authorized in this chapter shall be a legal investment for all state funds or funds under state control and for all funds of any other public body.
[ 1974 ex.s. c 113 § 6.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.031 - Management of permanent funds—Procedural policies—Limitation on purchase, sale or exchange prices for securities.

RCW 43.84.031
Management of permanent funds—Procedural policies—Limitation on purchase, sale or exchange prices for securities.
Subject to the limitation of authority delegated by RCW 43.84.031 through 43.84.061 and RCW 43.84.150, the state investment board shall adopt procedural policies governing the management of said permanent trust funds.
[ 1981 c 3 § 17; 1973 1st ex.s. c 103 § 5; 1965 ex.s. c 104 § 3.]
NOTES:
Effective dates—Severability—1981 c 3: See notes following RCW 43.33A.010.
Severability—1973 1st ex.s. c 103: See note following RCW 2.10.080.
State investment board: Chapter 43.33A RCW.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.041 - Management of permanent funds—Disposition of securities.

RCW 43.84.041
Management of permanent funds—Disposition of securities.
All securities purchased or held on behalf of said funds, shall be held and disbursed through the state treasury and shall be in the physical custody of the state treasurer, who may deposit with the fiscal agent of the state, or with a state depository, such of said securities as he or she shall consider advisable to be held in safekeeping by said agent or bank for collection of principal and interest, or of the proceeds of sale thereof.
[ 2009 c 549 § 5160; 1965 ex.s. c 104 § 4.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.051 - Management of permanent funds—Collection of interest, income and principal of securities—Disposition.

RCW 43.84.051
Management of permanent funds—Collection of interest, income and principal of securities—Disposition.
It shall be the duty of the state treasurer to collect the interest, or other income on, and the principal of the securities held in his or her custody pursuant to RCW 43.84.041 as the said sums become due and payable, and to pay the same when so collected into the respective funds to which the principal and interest shall accrue, less the allocation to the state treasurer's service account [fund] pursuant to RCW 43.08.190 and the state investment board expense account pursuant to RCW 43.33A.160.
[ 1991 sp.s. c 13 § 93; 1965 ex.s. c 104 § 5.]
NOTES:
Effective dates—Severability—1991 sp.s. c 13: See notes following RCW 18.08.240.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.061 - Management of permanent funds in accordance with established standards.

RCW 43.84.061
Management of permanent funds in accordance with established standards.
Any investments made hereunder by the state investment board shall be made in accordance with the standards established in RCW 43.33A.140.
[ 1998 c 14 § 3; 1965 ex.s. c 104 § 6.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.080 - Investment of current state funds.

RCW 43.84.080
Investment of current state funds.
Wherever there is in any fund or in cash balances in the state treasury more than sufficient to meet the current expenditures properly payable therefrom, the state treasurer may invest or reinvest such portion of such funds or balances as the state treasurer deems expedient in the following:
(1) Certificates, notes, or bonds of the United States, or other obligations of the United States or its agencies, or of any corporation wholly owned by the government of the United States or United States dollar denominated bonds, notes, or other obligations that are issued or guaranteed by supranational institutions, provided that, at the time of investment, the institution has the United States government as its largest shareholder;
(2) In state, county, municipal, or school district bonds, notes, or in warrants of taxing districts of the state. Such bonds and warrants shall be only those found to be within the limit of indebtedness prescribed by law for the taxing district issuing them and to be general obligations. The state treasurer may purchase such bonds or warrants directly from the taxing district or in the open market at such prices and upon such terms as it may determine, and may sell them at such times as it deems advisable;
(3) In federal home loan bank notes and bonds, federal land bank bonds and federal national mortgage association notes, debentures and guaranteed certificates of participation, or the obligations of any other government sponsored corporation whose obligations are or may become eligible as collateral for advances to member banks as determined by the board of governors of the federal reserve system;
(4) Bankers' acceptances purchased on the secondary market;
(5) Commercial paper purchased on the secondary market, provided that the state treasurer adheres to the investment policies and procedures adopted by the state investment board;
(6) General obligation bonds of any state and general obligation bonds of local governments of other states, which bonds have at the time of investment one of the three highest credit ratings of a nationally recognized rating agency; and
(7) Corporate notes purchased on the secondary market, provided that the state treasurer adheres to the investment policies and procedures adopted by the state investment board.
[ 2016 c 152 § 18; 1982 c 148 § 1; 1981 c 3 § 18; 1979 ex.s. c 154 § 1; 1975 1st ex.s. c 4 § 1; 1971 c 16 § 1; 1967 c 211 § 1; 1965 c 8 § 43.84.080. Prior: 1961 c 281 § 11; 1955 c 197 § 1; 1935 c 91 § 1; RRS § 5508-1.]
NOTES:
Effective dates—Severability—1981 c 3: See notes following RCW 43.33A.010.
Severability—1961 c 281: See note following RCW 47.12.180.
Motor vehicle fund warrants for state highway acquisition: RCW 47.12.180 through 47.12.240.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.095 - Exemption from reserve fund—Motor vehicle fund income from United States securities.

RCW 43.84.095
Exemption from reserve fund—Motor vehicle fund income from United States securities.
Whenever moneys of the motor vehicle fund shall be invested in bonds, notes, bills or certificates of the United States treasury payable at par upon demand, or within a term not greater than one year, it shall not be necessary to place any portion of the income therefrom in the reserve fund provided for in *RCW 43.84.090.
[ 1965 c 8 § 43.84.095. Prior: 1953 c 56 § 1.]
NOTES:
*Reviser's note: RCW 43.84.090 was repealed by 1991 sp.s. c 13 § 122, effective July 1, 1991.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.120 - Investment in state warrants.

RCW 43.84.120
Investment in state warrants.
Whenever there is in any fund or in cash balances in the state treasury more than sufficient to meet the current expenditures properly payable therefrom, and over and above the amount belonging to the permanent school fund as shown by the separation made by the state treasurer, the state treasurer may invest such portion of such funds or balances over and above that belonging to the permanent school fund in registered warrants of the state of Washington at such times and in such amounts, and may sell them at such times, as he or she deems advisable: PROVIDED, That those funds having statutory authority to make investments are excluded from the provisions of RCW 43.84.120.
Upon such investment being made, the state treasurer shall pay into the appropriate fund the amount so invested, and the warrants so purchased shall be deposited with the state treasurer, who shall collect all interest and principal payments falling due thereon and allocate the same to the proper fund or funds.
[ 2009 c 549 § 5161; 1971 ex.s. c 88 § 4; 1965 c 8 § 43.84.120. Prior: 1951 c 232 § 2.]
NOTES:
Severability—1971 ex.s. c 88: See note following RCW 43.08.070.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.130 - Separate accounting as to permanent school fund.

RCW 43.84.130
Separate accounting as to permanent school fund.
For the purposes of RCW 43.84.120 the state treasurer shall make and keep an accounting separation of the amount of cash balances in the state treasury belonging to the permanent school fund.
[ 1965 c 8 § 43.84.130. Prior: 1951 c 232 § 1.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.140 - Investment of scientific school, agricultural college, and state university funds in regents' revenue bonds.

RCW 43.84.140
Investment of scientific school, agricultural college, and state university funds in regents' revenue bonds.
The state investment board is authorized to invest moneys in the scientific school permanent fund and the agricultural college permanent fund in regents' revenue bonds issued by the board of regents of Washington State University for the purposes provided for in RCW 28B.10.300 and to invest moneys in the state university permanent fund in regents' revenue bonds issued by the board of regents of the University of Washington for the purposes provided in RCW 28B.10.300.
[ 1981 c 3 § 19; 1965 c 8 § 43.84.140. Prior: 1959 c 150 § 1.]
NOTES:
Effective dates—Severability—1981 c 3: See notes following RCW 43.33A.010.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.150 - Authority of state investment board to invest, reinvest, manage investments acquired.

RCW 43.84.150
Authority of state investment board to invest, reinvest, manage investments acquired.
When investment authority over a particular fund or account lies with the state investment board, the board shall have full power to invest, reinvest, manage, contract, or sell or exchange investments acquired. Investments shall be made in accordance with RCW 43.33A.140 and investment policy duly established and published by the state investment board.
[ 2012 c 187 § 15; 1998 c 14 § 4; 1981 c 98 § 1; 1981 c 3 § 20; 1979 c 119 § 3; 1977 ex.s. c 251 § 5; 1975-'76 2nd ex.s. c 17 § 2. Prior: 1975 1st ex.s. c 252 § 1; 1975 1st ex.s. c 81 § 1; 1973 1st ex.s. c 103 § 12.]
NOTES:
Effective date—1981 c 98: "This act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect July 1, 1981." [ 1981 c 98 § 2.]
Effective dates—Severability—1981 c 3: See notes following RCW 43.33A.010.
Severability—1973 1st ex.s. c 103: See note following RCW 2.10.080.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.160 - Investment counseling fees payable from earnings.

RCW 43.84.160
Investment counseling fees payable from earnings.
Investment counseling fees established by contract shall be payable from the investment earnings derived from those assets being managed by investment counsel.
[ 1973 1st ex.s. c 103 § 13.]
NOTES:
Severability—1973 1st ex.s. c 103: See note following RCW 2.10.080.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.170 - Investment of surplus moneys in common school fund, agricultural college fund, normal school fund, scientific school fund or university fund.

RCW 43.84.170
Investment of surplus moneys in common school fund, agricultural college fund, normal school fund, scientific school fund or university fund.
Whenever there are surplus moneys available for investment in the permanent common school fund, the agricultural college permanent fund, the normal school permanent fund, the scientific school permanent fund, or the university permanent fund, the state investment board has full power to invest or reinvest such funds in the manner prescribed by RCW 43.84.150 and 28A.515.330, and not otherwise.
[ 2007 c 505 § 4; 1981 c 3 § 21; 1973 1st ex.s. c 103 § 14.]
NOTES:
Intent—Finding—2007 c 505: See note following RCW 28A.515.330.
Effective dates—Severability—1981 c 3: See notes following RCW 43.33A.010.
Severability—1973 1st ex.s. c 103: See note following RCW 2.10.080.
Agricultural permanent fund: RCW 43.79.130.
Normal school permanent fund: RCW 43.79.160.
Permanent common school fund: State Constitution Art. 9 § 3, RCW 28A.515.300.
Scientific permanent fund: RCW 43.79.110.
State university permanent fund: RCW 43.79.060.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.84 - Investments and Interfund Loans. › 43.84.180 - Public works assistance account earnings—Share to public facilities construction loan revolving account.

RCW 43.84.180
Public works assistance account earnings—Share to public facilities construction loan revolving account.
The proportionate share of earnings based on the average daily balance in the public works assistance account shall be placed in the public facilities construction loan revolving fund, provided that during the 2015-2017 biennium the public works assistance account must retain its own interest earnings and costs.
[ 2016 sp.s. c 35 § 6021; 2003 c 150 § 3.]
NOTES:
Effective date—2016 sp.s. c 35: See note following RCW 28B.10.027.
Effective date—2003 c 150 §§ 2 and 3: See note following RCW 43.84.092.
Findings—Intent—2003 c 150; 2002 c 242: See note following RCW 43.84.092.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.85 - State Depositaries. › 43.85.070 - Deposits deemed in state treasury—Liability.

RCW 43.85.070
Deposits deemed in state treasury—Liability.
The state treasurer may deposit with any qualified public depositary which has fully complied with all requirements of law and the regulations of the public deposit protection commission any state moneys in his or her hands or under his or her official control and any sum so on deposit shall be deemed to be in the state treasury, and he or she shall not be liable for any loss thereof resulting from the failure or default of any such depositary without fault or neglect on his or her part or on the part of his or her assistants or clerks.
[ 2009 c 549 § 5162; 1969 ex.s. c 193 § 18; 1965 c 8 § 43.85.070. Prior: 1945 c 129 § 2; 1943 c 134 § 1; 1935 c 139 § 3; 1931 c 87 § 2; 1907 c 37 § 4; Rem. Supp. 1945 § 5551.]
NOTES:
Construction—Severability—1969 ex.s. c 193: See notes following RCW 39.58.010.
Liability of treasurers and state treasurer for losses of deposits: RCW 39.58.140.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.85 - State Depositaries. › 43.85.190 - Investment deposits and rate of interest.

RCW 43.85.190
Investment deposits and rate of interest.
It is the purpose of RCW 43.85.190 through 43.85.230 to authorize the state treasurer to make investment deposits of state moneys or funds in his or her custody in qualified public depositaries at a rate of interest permitted by any applicable statute or regulation.
[ 2009 c 549 § 5163; 1983 c 66 § 17; 1983 c 3 § 113; 1969 ex.s. c 193 § 21; 1965 c 8 § 43.85.190. Prior: 1955 c 198 § 1.]
NOTES:
Severability—1983 c 66: See note following RCW 39.58.010.
Construction—Severability—1969 ex.s. c 193: See notes following RCW 39.58.010.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.85 - State Depositaries. › 43.85.200 - Investment deposits and rate of interest—State moneys defined.

RCW 43.85.200
Investment deposits and rate of interest—State moneys defined.
All moneys or funds belonging to or in the custody of the state under the control of the state treasurer shall be considered as state moneys or funds.
[ 1965 c 8 § 43.85.200. Prior: 1955 c 198 § 2.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.85 - State Depositaries. › 43.85.210 - Investment deposits and rate of interest—Demand and time accounts authorized.

RCW 43.85.210
Investment deposits and rate of interest—Demand and time accounts authorized.
The state treasurer may deposit state moneys or funds at interest in any qualified public depositary upon a demand or time account basis.
[ 1983 c 66 § 18; 1965 c 8 § 43.85.210. Prior: 1955 c 198 § 3.]
NOTES:
Severability—1983 c 66: See note following RCW 39.58.010.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.85 - State Depositaries. › 43.85.220 - Investment deposits and rate of interest—Members of federal reserve or federal deposit insurance corporation.

RCW 43.85.220
Investment deposits and rate of interest—Members of federal reserve or federal deposit insurance corporation.
If state depositaries are member banks of the federal reserve system, or are banks the deposits of which, within certain limits, are insured by the federal deposit insurance corporation and, as such, are prohibited by a statute of the United States or by a lawful regulation of the federal reserve system or of the federal deposit insurance corporation, or of any authorized agency of the federal government, from paying interest upon demand deposits of public funds of a state, the payment of interest shall not be required of such depositaries to the extent and for the period of time that payment thereof is prohibited.
[ 1965 c 8 § 43.85.220. Prior: 1955 c 198 § 4.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.85 - State Depositaries. › 43.85.230 - Investment deposits and rate of interest—Term deposit basis.

RCW 43.85.230
Investment deposits and rate of interest—Term deposit basis.
The state treasurer may deposit moneys not required to meet current demands upon a term deposit basis not to exceed five years at such interest rates and upon such conditions as to withdrawals of such moneys as may be agreed upon between the state treasurer and any qualified public depositary.
[ 1993 c 512 § 32; 1984 c 177 § 20; 1983 c 66 § 19; 1965 c 8 § 43.85.230. Prior: 1955 c 198 § 5.]
NOTES:
Severability—1983 c 66: See note following RCW 39.58.010.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.86A - Surplus Funds—Investment Program. › 43.86A.010 - Finding—Objectives.

RCW 43.86A.010
Finding—Objectives.
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 noninterest earning demand deposits and provide fair compensation to financial institutions for services rendered to the state through the investment of state funds in time deposits.
[ 1983 c 66 § 20; 1973 c 123 § 1.]
NOTES:
Severability—1983 c 66: See note following RCW 39.58.010.
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.86A - Surplus Funds—Investment Program. › 43.86A.020 - Surplus funds held as demand deposits to be limited.

RCW 43.86A.020
Surplus funds held as demand deposits to be limited.
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 as demand deposits as he or she deems necessary to insure efficient treasury management.
[ 2009 c 549 § 5164; 1973 c 123 § 2.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.86A - Surplus Funds—Investment Program. › 43.86A.030 - Surplus funds investment program—Available funds—Allocation.

RCW 43.86A.030
Surplus funds investment program—Available funds—Allocation.
(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 revenues as certified in accordance with Article VIII, section 1(b) of the state Constitution, or fifty percent of the total surplus treasury investment availability, whichever is less. Within thirty days after certification, an amount equal to those funds determined to be available according to this formula for the surplus funds investment program shall be available for deposit in qualified public depositaries. These funds shall be allocated among the participating depositaries on a basis to be determined by the state treasurer.
(b) The funds made available by the treasurer for a surplus funds investment program under (a) of this subsection (1) may be provided from either treasury surplus funds or funds held pursuant to chapter 43.250 RCW.
(2) Of all state funds available under this section, the state treasurer may use up to one hundred seventy-five million dollars per year for the purposes of RCW 43.86A.060(2)(c) (i) and (iii) and up to fifteen million dollars per year for the purposes of RCW 43.86A.060(2)(c)(ii). The amounts made available to these public depositaries shall be equal to the amounts of outstanding loans made under RCW 43.86A.060.
(3) The formula so devised shall be a matter of public record giving consideration to, but not limited to, deposits, assets, loans, capital structure, investments, or some combination of these factors. However, if in the judgment of the state treasurer the amount of allocation for the surplus funds investment program as determined by this section will impair the cash flow needs of the state treasury, the state treasurer may adjust the amount of the allocation accordingly.
(4) Deposits and interest accrued thereon made through the surplus funds investment program must be protected against loss pursuant to RCW 39.58.020.
[ 2022 c 99 § 1; 2010 c 139 § 1; 2009 c 384 § 2; 2008 c 187 § 2; 2007 c 500 § 1; 2005 c 302 § 2; 1993 c 512 § 33; 1982 c 74 § 1; 1973 c 123 § 3.]
NOTES:
Intent—2005 c 302: "The legislature intends that funds provided under the linked deposit program shall be used to create jobs and economic opportunity as well as to remedy the problem of a lack of access to capital by minority and women's business enterprises." [ 2005 c 302 § 1.]
2023 Revised Code of Washington › Title 43 - State Government—Executive › Chapter 43.86A - Surplus Funds—Investment Program. › 43.86A.040 - Other investment powers of state treasurer not limited.

RCW 43.86A.040
Other investment powers of state treasurer not limited.
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 § 2; 1973 c 123 § 4.]