Washington Administrative Code › Title 365 - Commerce, Department of (Community Development) › Chapter 365-220 - Developmental disabilities endowment trust fund › GENERAL › Section 365-220-015 - What definitions apply to this chapter?

Current through Register Vol. 24-14, July 15, 2024
"Beneficiary"
means an eligible person for whom
							an individual trust account has been established within the trust fund and who
							is identified in the joinder agreement.
"Department"
means the department of
							commerce.
"Disbursement plan"
means a plan, submitted by
							the primary donor at the time of enrollment as part of the joinder agreement,
							that identifies the goods or services most likely to be appropriate to the
							supplemental needs of the beneficiary. The primary donor may periodically
							change the disbursement plan by amending the joinder agreement.
"Disposition plan"
means a plan, submitted by
							the primary donor at the time of enrollment as part of the joinder agreement,
							that directs how any remaining private funds will be disbursed from the
							individual trust account on the death of the beneficiary.
"Governing board"
means the seven-member group
							established according to
							RCW
							 43.330.433 to design and administer the trust
							fund.
"Individual trust account"
means the account
							that holds assets for the benefit of an individual beneficiary within the trust
							fund.
"Joinder agreement"
means an agreement
							establishing the primary donor's consent to the master trust document for the
							trust fund. The joinder agreement shall include the disbursement plan and the
							disposition plan for the individual trust account, and designate the primary
							representative and additional persons authorized to request
							disbursements.
"Master trust"
means the developmental
							disabilities endowment trust I agreement or the developmental disabilities
							endowment trust II agreement, as may from time-to-time be amended.
"Primary donor"
means the person whose funds are
							contributed to an individual trust account at the time the individual trust
							account is established pursuant to the joinder agreement.
"Primary representative"
means one or more
							persons designated in the joinder agreement as having the authority to
							communicate to the trust manager or governing board concerning the interests
							and needs of the beneficiary of an individual trust account. Multiple alternate
							primary representatives may be designated in the joinder agreement and the
							joinder agreement may include a process to identify additional alternate
							primary representatives.
"Resident"
means a person who lives in the state
							of Washington. For purposes of the trust fund, a beneficiary must be a resident
							at the time of enrollment.
State administrator"
means the person designated
							by the governing board to serve the administrative functions of the
							developmental disabilities endowment trust fund as defined by the governing
							board and act as the liaison with other state agencies to facilitate governing
							board activities.
"Trust fund"
means the developmental
							disabilities endowment trust fund.
"Trust manager"
means the person or persons or
							entity designated by the governing board pursuant to
							RCW
							 43.330.431. The trust manager may be
							authorized to:
(a) Process enrollments;
(b) Receive contributions to individual trust
							accounts;
(c) Make disbursements in its discretion consistent with and
							as authorized under this chapter, upon consideration of the disbursement plan
							filed by the primary donor as part of the joinder agreement when making
							decisions regarding disbursements;
(d) Manage and provide accounting information on the
							individual trust accounts; and
(e) Other duties as assigned by the governing board in
							accordance with the contract with the trust manager.
"Vested account"
means an account that has
							initially qualified for matching funds by meeting requirements over a
							three-year period.
Statutory Authority: RCW  43.330.240. 02-07-026, §
											365-220-015, filed 3/12/02,
								effective 4/12/02.