reglab/statecodes huggingface dataset:
Washington Administrative Code › Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460) › Chapter 208-710 - Washington small business retirement marketplace › Section 208-710-030 - Verification process

Current through Register Vol. 24-14, July 15, 2024
(1) Financial
					services firms that are eligible under WAC
					208-710-020 to apply for
					verification from the department of financial institutions may do so by
					submitting an application for verification as described in WAC
					208-710-040,
					208-710-060, or
					208-710-070.
(2) The department of financial institutions
					will review and process initial, renewal, and amendment applications for
					verification. The department of financial institutions will issue a
					verification letter for retirement plans that meet the requirements set forth
					in RCW
					   43.330.732(7) and
					43.330.-735. The verification letter will be effective for one year for initial
					and renewal applications. For amendment applications, the verification letter
					will be effective for the remainder of the current one-year verification
					period.
(3) Pursuant to
					RCW
					   43.330.735(11), a financial
					services firm may charge retirement plan enrollees a de minimis fee for new
					and/or low balance accounts in excess of one hundred basis points in total
					annual fees only if the department of commerce and the financial services firm
					negotiate and agree upon the amount of the de minimis fee prior to the issuance
					of the verification letter.
(4) A
					financial services firm may withdraw its application for verification at any
					time by submitting a written request to withdraw to the department of financial
					institutions.
Washington Administrative Code › Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460) › Chapter 208-710 - Washington small business retirement marketplace › Section 208-710-040 - Initial application requirements

Current through Register Vol. 24-14, July 15, 2024
Financial service firms that seek verification of retirement
						plans from the department of financial institutions for inclusion on the
						Washington small business retirement marketplace must submit a separate
						application for each retirement plan for which verification is sought. The
						following initial application materials must be submitted to the department of
						financial institutions:
(1) A
					completed application for verification form marked "initial ";
(2) A copy of the retirement plan
					agreement;
(3) A copy of the
					materials routinely used to market the retirement plan to eligible
					employers;
(4) Any additional
					documents necessary to identify the funds and other investment products to be
					offered under the plan, specify the plan's fees and roll-over options, and
					disclose historical investment performance for the investment products in the
					plan;
(5) The prospectus for each
					balanced fund and target date fund or other similar fund offered under the
					retirement plan; and
(6) A summary
					of the retirement plan's investment options, fees, and other features. The
					summary should include, but not necessarily be limited to, the following:
(a) The type of retirement plan (e.g., SIMPLE
					IRA);
(b) The investment options
					available in the retirement plan;
(c) The fee structure applicable to the
					different investment options in the retirement plan (including fees payable to
					the financial services firm offering the retirement plan and any other service
					providers);
(d) The identity of the
					custodian of enrollee accounts;
(e)
					The rollover options for enrollees in the retirement plan;
(f) Whether the financial services firm
					offering the retirement plan will recommend investments to enrollees, and if
					so, how the firm will communicate to enrollees the option to select investments
					other than the recommended investments;
(g) A list of documents an employer must
					complete to establish the retirement plan and its business relationship with
					the financial services firm offering the plan;
(h) A list of the documents enrollees must
					complete to establish their retirement account and their relationship with the
					financial services firm offering the plan; and
(i) Disclosure of any other fees associated
					with the retirement plan.
Washington Administrative Code › Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460) › Chapter 208-710 - Washington small business retirement marketplace › Section 208-710-050 - Application review criteria

Current through Register Vol. 24-14, July 15, 2024
The department of financial institutions will review
						applications for verification to ensure that retirement plans meet the
						following criteria established by
						RCW
						   43.330.732(7) and
						43.330.735:
(1) The financial services firm offering the
					retirement plan must be licensed or hold a certificate of authority and be in
					good standing with the department of financial institutions, or be regulated by
					a federal agency with authority over banking, securities, or broker-dealer
					firms, and meet all federal laws and regulations to offer retirement
					plans;
(2) The retirement plan must
					offer a minimum of two product options:
(a) A
					target date or other similar fund, with asset allocations and maturities
					designed to coincide with the expected date of retirement; and
(b) A balanced fund.
Washington Administrative Code › Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460) › Chapter 208-710 - Washington small business retirement marketplace › Section 208-710-060 - Annual renewal application procedure

Current through Register Vol. 24-14, July 15, 2024
(1) To apply to renew the verification of a
					retirement plan for inclusion on the Washington small business retirement
					marketplace for a subsequent one-year period, the financial services firm
					offering the plan must submit the following to the department of financial
					institutions at least thirty days prior to the expiration of the current
					verification letter:
(a) A completed
					application for verification form marked "renewal";
(b) The most recently updated versions of the
					retirement plan, marketing materials, prospectuses, and other plan documents
					required by WAC
					208-710-040(2) through
					(6); and
(c) A report indicating the number of
					eligible employers in Washington who established retirement plans under the
					financial service provider's approved plan in the last year. The report must
					include the total number of new retirement accounts opened in Washington by
					qualified employees as a result of the adoption of the approved plan by
					eligible employers in Washington.
Washington Administrative Code › Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460) › Chapter 208-710 - Washington small business retirement marketplace › Section 208-710-070 - Amendment review procedure

Current through Register Vol. 24-14, July 15, 2024
(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) To amend an application for verification,
					the financial services firm must submit the following to the department of
					financial institutions at least thirty days prior to the proposed amendment of
					the plan:
(a) A completed application for
					verification marked "amendment"; and
(b) The most recent versions of the
					retirement plan, marketing materials, prospectuses, and other plan documents
					required by WAC
					208-710-040(2) through
					(6).
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-010 - Definitions

Current through Register Vol. 24-14, July 15, 2024
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 pursuant to
				  RCW
				     39.98.040.
"Authorized district official"
means any
				  individual designated as such by resolution provided for in WAC
				  210-02-020.
"Bond"
means any voted general obligation bond
				  issued by a school district holding a certificate issued pursuant to the act,
				  and any general obligation bond issued by a school district holding a
				  certificate issued pursuant to the act to refund outstanding voted general
				  obligation bonds of that school district.
"Capital projects fund"
means the fund created
				  pursuant to
				  RCW
				     28A.320.330.
"Certificate of eligibility"
means a certificate
				  issued by the state treasurer pursuant to
				  RCW
				     39.98.040.
"County assessor"
means the county assessor(s)
				  in the county or counties in which the requesting school district is
				  located.
"County treasurer"
means the county treasurer of
				  the requesting school district.
"Guarantee program"
means the Washington state
				  school district credit enhancement program established by the act.
"Nationally recognized bond counsel firm"
means
				  a bond counsel firm listed in the most recent publication of The Bond Buyer's
				  Municipal Market Place.
"Paying agent"
means the paying agent selected,
				  from time to time, for a bond issue pursuant to state law.
"School district"
or
"district"
means any school district or its successor under the laws of the state.
"State"
means the state of
				  Washington.
Statutory Authority: Chapter 39.98 RCW. 00-11-023, §
											210-02-010, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-020 - Application for certificate of eligibility

Current through Register Vol. 24-14, July 15, 2024
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 guarantee, if granted,
				  will apply. Applications, and all other written communications pursuant to the
				  guarantee program, shall be addressed to the School Bond Guarantee Program,
				  Office of the State Treasurer, Legislative Building, 2nd Floor, P.O. Box 40200,
				  Olympia, Washington 98504-0200. The application shall include:
(1) The name, county, and district number (if
				applicable) of the requesting school district;
(2) The name of the authorized district
				official for the requesting school district;
(3) The name of the underwriter, if known,
				financial advisor (if any) and bond counsel assigned to the financing of the
				requesting school district to which the guarantee will apply;
(4) The mailing address, phone number, fax
				number, and e-mail address (if applicable) of the requesting school
				district;
(5) A copy of the
				district's ballot proposition resolution, showing details of the special
				election (date, amount, ballot title) at which the bonds were approved by the
				voters;
(6) The not-to-exceed
				amount the district is currently requesting be guaranteed pursuant to its
				application;
(7) An allocation
				report in the form provided by the state treasurer, identifying, by ballot
				issue, the principal amount of any bonds previously issued pursuant to the
				ballot proposition resolution(s) authorizing the bonds, plus any net original
				issue premium associated with such previously issued bonds that was deposited
				in the capital projects fund and any remaining authority to issue bonds
				pursuant to such ballot proposition resolution(s);
(8) A copy of the resolution passed by the
				school district's board of directors (which may be the same resolution as the
				district's ballot proposition resolution) authorizing the application for a
				certificate of eligibility;
(9) A
				certificate signed by an authorized district official:
(a) Stating whether the school district has
				any bonds, the principal of or interest on which has been paid by the state
				under the act, and for which there remain outstanding any payment obligations
				of the district to the state;
(b)
				Stating that the school district is, and will remain, in compliance with these
				administrative rules as currently set forth or later amended; and
(c) Attesting to the accuracy and
				completeness of the materials provided.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-030 - Review of application for certificate of eligibility

Current through Register Vol. 24-14, July 15, 2024
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 determining the school district's eligibility under the
				  guarantee program, the office of the state treasurer may request additional
				  information from the school district, as well as from any other person or
				  entity.
Statutory Authority: Chapter 39.98 RCW. 00-11-023, §
											210-02-030, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-040 - Issuance of certificate of eligibility

Current through Register Vol. 24-14, July 15, 2024
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 guarantee program ;
(2) Be valid for one year from the date of
				its issuance; and
(3) Be valid only
				for those bonds approved under the certified special election(s) specified by
				the school district in its application for a certificate of
				eligibility.
Statutory Authority: Chapter 39.98 RCW. 00-11-023, §
											210-02-040, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-050 - Denial of eligibility/determination of ineligibility

Current through Register Vol. 24-14, July 15, 2024
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 these
				rules; or
(2) The state has ever
				paid, pursuant to the guarantee program, any principal of or interest on any of
				the school district's bonds; and
(a) The
				associated payment obligations of the district to the state are not satisfied;
				or
(b) The state treasurer and the
				state superintendent of public instruction are unable to certify, in writing,
				that the school district is fiscally solvent.
The state treasurer may deny a district's application at his
				  or her sole discretion.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-055 - Determination of fiscal solvency

Current through Register Vol. 24-14, July 15, 2024
"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 after giving
				  due consideration to:
(1) The
				principal and interest requirements of all outstanding voted general obligation
				bonds of the school district and of all outstanding bonds issued to refund
				voted general obligation bonds of the school district;
(2) The school district's past record of
				collecting voter-approved excess property taxes and reasonable expectations
				concerning future collections of voter-approved excess property taxes as
				required to meet those principal and interest requirements; and
(3) Such additional financial circumstances,
				if any, of the school district that such person considers to be material,
it is reasonably expected that the school district will be
				  able to satisfy all principal and interest requirements of bonds guaranteed and
				  proposed to be guaranteed by the state under the guarantee program.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-060 - Information to be provided to the state treasurer before issuance of a final certificate

Current through Register Vol. 24-14, July 15, 2024
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 by the board of directors of the school
				district, or a bond purchase agreement that states the final terms of the
				bonds;
(2) An allocation report,
				identifying by ballot issue, the principal amount of any bonds issued pursuant
				to the ballot proposition resolution(s) authorizing the bonds, plus any net
				original issue premium associated with such issued bonds that was deposited in
				the capital projects fund and any remaining authority to issue bonds pursuant
				to the ballot proposition resolution(s); and
(3) A letter addressed to the state treasurer
				signed by the school district's nationally recognized bond counsel firm stating
				that the state treasurer may rely upon such firm's approving legal opinion with
				respect to the bonds as if that opinion were addressed to the state treasurer.
If all of the above information has been received, on the
				  date of the bond closing, the state treasurer will provide a certificate
				  evidencing the state's guarantee for use by the school district that reflects
				  its compliance with these requirements.
Statutory Authority: Chapter 39.98 RCW. 00-11-023, §
											210-02-060, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-080 - Reference to guarantee in school district bond documents

Current through Register Vol. 24-14, July 15, 2024
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 official statement(s), or other offering
				document(s), for the applicable bond(s);
(2) On the face of the school district's
				applicable bond(s); and
(3) As an
				appendix within the official statement(s), or other offering document(s), for
				the applicable bond(s).
The state treasurer will provide, and any school district
				  relying on the state's guarantee must use the description of the state's
				  guarantee in the school district's offering document. The description must be
				  used in its entirety and may not be modified or amended.
Any modification or amendment may result in a denial of
				  future applications for eligibility by the district. It is incumbent upon each
				  district to check the state treasurer's web site for the most current
				  description.
Statutory Authority: Chapter 39.98 RCW. 00-11-023, §
											210-02-080, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-090 - Ratings

Current through Register Vol. 24-14, July 15, 2024
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
				  may:
(1) Engage, at its own expense,
				one or more of the rating agencies to apply the rating of the guarantee program
				to its bonds; and
(2) At its
				discretion, and at its own expense, choose to obtain an underlying rating on
				the bonds.
Statutory Authority: Chapter 39.98 RCW. 00-11-023, §
											210-02-090, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-115 - Notification by district of insufficient funds

Current through Register Vol. 24-14, July 15, 2024
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 insufficient
				  funds are available to make the scheduled debt service payment, the district
				  must notify the office of the state treasurer at least seven business days
				  prior to its due date. Such notice shall be made to the office of the state
				  treasurer as follows:
(1) By
				telephone: 360-902-9000; and
(2) By
				e-mail: SchoolBondGuarantee@tre.wa.gov. Failure to make this notification may
				result in a denial of future applications for eligibility.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-120 - County treasurer notice to state treasurer of insufficient funds

Current through Register Vol. 24-14, July 15, 2024
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. Such notice shall be made to the
				  office of the state treasurer as follows:
(1) By telephone: 360-902-9000; and
(2) By facsimile: 360-902-9045 or by email:
				SchoolBondGuarantee@tre.wa.gov; and
(3) By first class mail: Attn: School Bond
				Guarantee Program, Office of the State Treasurer, Legislative Building, 2nd
				Floor, P.O. Box 40200, Olympia, Washington 98504-0200.
Statutory Authority: Chapter 39.98 RCW. 00-11-023, §
											210-02-120, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-130 - Paying agent notice to state treasurer of insufficient funds

Current through Register Vol. 24-14, July 15, 2024
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) By facsimile: 360-902-9045 or by email:
				SchoolBondGuarantee@tre.wa.gov; and
(3) By first class mail: Attn: School Bond
				Guarantee Program, Office of the State Treasurer, Legislative Building, 2nd
				Floor, P.O. Box 40200, Olympia, Washington 98504-0200.
Statutory Authority: Chapter 39.98 RCW. 00-11-023, §
											210-02-130, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-150 - Repayment to the state by school districts

Current through Register Vol. 24-14, July 15, 2024
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 guarantee
				  program along with any interest or penalties by any means authorized pursuant
				  to the act or any other method permitted by law.
Statutory Authority: Chapter 39.98 RCW. 00-11-023, §
											210-02-150, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-160 - Interest on school district obligations to state

Current through Register Vol. 24-14, July 15, 2024
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 of any prior
				  draws by the district on the state, market interest and penalty rates, and the
				  cost of funds or opportunity cost of investments.
Statutory Authority: Chapter 39.98 RCW. 00-11-023, §
											210-02-160, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-170 - Penalty for state payment under guarantee program

Current through Register Vol. 24-14, July 15, 2024
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: Chapter 39.98 RCW. 00-11-023, §
											210-02-170, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-180 - Other costs

Current through Register Vol. 24-14, July 15, 2024
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. 00-11-023, §
											210-02-180, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-195 - Failure to comply with this chapter (Repealed)

Current through Register Vol. 24-14, July 15, 2024
Failure to comply with the provisions of this chapter may
				  result in denial of a future application for eligibility under the guarantee
				  program.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-02 - School bond guarantee program › GENERAL › Section 210-02-200 - Exceptions

Current through Register Vol. 24-14, July 15, 2024
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: Chapter 39.98 RCW. 00-11-023, §
											210-02-200, filed 5/9/00,
					 effective 6/9/00.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-03 - Financing contracts › PROGRAM AUTHORIZATION › Section 210-03-010 - Authorization

Current through Register Vol. 24-14, July 15, 2024
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 be
				  financed with certificates of participation (COPs). Certificates of
				  participation represent ownership interests, or participation, in the future
				  stream of lease payments. Certificates of participation are issued on behalf of
				  the state pursuant to a lease of financed assets that provide collateral to the
				  lender. The state finance committee has delegated administrative responsibility
				  for the lease/purchase program to the office of the state treasurer. The office
				  of the state treasurer may pool financing requests in the name of the state of
				  Washington to access municipal securities markets with lower, tax-exempt
				  interest rates.
The office of the state treasurer classifies financing
				  transactions as operating leases (true leases) or financing contracts based
				  upon the criteria established by the Governmental Accounting Standards Board
				  (based upon FASB 13). If any one of the following criteria is met, the lease is
				  considered a financing contract subject to chapter 39.94 RCW:
(1) Present value of lease payments 90% of
				fair market value.
(2) Lease term
				75% of useful life.
(3) Lease
				includes a bargain purchase option.
(4) Lease provides for transfer of ownership.
If a lease satisfies any one of the above criteria, it is a
				  financing contract subject to chapter 39.94 RCW.
Statutory Authority:
					 RCW
					 39.94.040. 01-11-062, §
											210-03-010, filed 5/11/01,
					 effective 6/11/01.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-03 - Financing contracts › GENERAL › Section 210-03-020 - Definitions

Current through Register Vol. 24-14, July 15, 2024
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, and the
				LOCAL program.
(3) "COP" means
				certificates of participation.
Statutory Authority:
					 RCW
					 39.94.040. 01-11-062, §
											210-03-020, filed 5/11/01,
					 effective 6/11/01.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-03 - Financing contracts › APPLYING TO THE PROGRAM › Section 210-03-030 - Filing notice of intent

Current through Register Vol. 24-14, July 15, 2024
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 Treasurer
Debt Management
P.O. Box 40200
Olympia WA 98504-0200
(1) For state agency participation,
				additional forms may be required, including, but not limited to, the following:
(a) Equipment financing forms provided by the
				office of the state treasurer:
(i) Notice of
				intent - Notifies the office of the state treasurer of dollar amounts, dates
				and contact person(s) for upcoming financings.
(ii) Certificate of authorized signers - This
				document is to be prepared on agency letterhead. An original certificate may be
				filed with the state treasurer so that photocopies may be submitted with future
				equipment financing transactions.
(iii) State agency financing addendum -
				Establishes the contractual obligations of the state agency in the transaction
				and confirms the intent of the agency to acquire equipment through installment
				purchase agreements and remit installment payments to the office of the state
				treasurer.
(iv) Personal property
				certificate - Describes the equipment, the vendor(s), and the amount to be
				financed and directions for disbursement.
(v) Certificate of insurance - This document
				is prepared by the office of risk management and sent directly to the state
				treasurer.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-03 - Financing contracts › REVIEW OF APPLICATION TO THE PROGRAM › Section 210-03-040 - Review of notice of intent

Current through Register Vol. 24-14, July 15, 2024
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 Authority:
					 RCW
					 39.94.040. 01-11-062, §
											210-03-040, filed 5/11/01,
					 effective 6/11/01.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-03 - Financing contracts › APPROVAL FOR PARTICIPATION IN THE PROGRAM › Section 210-03-050 - State agency participation

Current through Register Vol. 24-14, July 15, 2024
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 and/or
				  real estate.
(1) All real estate
				projects must be specifically approved by the legislature. Authorization must
				exist in the current biennium in order to be eligible for financing.
(2) Equipment financing information shall be
				provided on approved forms designated by the office of the state treasurer and
				approved by the state finance committee.
(3) Financing requests must meet the minimum
				amount and the terms established by the state financing committee. The office
				of the state treasurer may alter the finance term requested by an agency and/or
				the structure of a transaction in order to improve the marketability of
				securities issues or when it otherwise believes it will be advantageous to do
				so for either the agency, the state, or the program.
Statutory Authority:
					 RCW
					 39.94.040. 01-11-062, §
											210-03-050, filed 5/11/01,
					 effective 6/11/01.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-03 - Financing contracts › APPROVAL FOR PARTICIPATION IN THE PROGRAM › Section 210-03-060 - Other agency participation

Current through Register Vol. 24-14, July 15, 2024
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) The required forms
				shall be designated by the office of the state treasurer and approved by the
				state finance committee.
(2)
				Documents must be completed by the agency and signed by an authorized
				representative of the agency. Each financing document must have an original
				signature and be returned to the office of the state treasurer.
(3) After written approval for financing is
				received, a LOCAL participant may acquire and pay for the property. Approval
				for financing may be contingent on certain criteria being satisfied.
Statutory Authority:
					 RCW
					 39.94.040. 01-11-062, §
											210-03-060, filed 5/11/01,
					 effective 6/11/01.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-03 - Financing contracts › TIMING OF ISSUANCE › Section 210-03-070 - Financing participation deadlines

Current through Register Vol. 24-14, July 15, 2024
(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 forms will be included in the financing.
(2) Real estate projects for state agencies
				are financed on an individual basis provided there is a minimum of ninety days
				for document preparation.
Statutory Authority:
					 RCW
					 39.94.040. 01-11-062, §
											210-03-070, filed 5/11/01,
					 effective 6/11/01.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-03 - Financing contracts › FINANCING CONTRACT PAYMENTS › Section 210-03-080 - Scheduled payments

Current through Register Vol. 24-14, July 15, 2024
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 dates listed in the financing
				  contract.
Statutory Authority:
					 RCW
					 39.94.040. 01-11-062, §
											210-03-080, filed 5/11/01,
					 effective 6/11/01.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-010 - Purpose

Current through Register Vol. 24-14, July 15, 2024
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 XII, §
										210-06-010, filed
				  11/28/73.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-020 - Definitions

Current through Register Vol. 24-14, July 15, 2024
(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 means handwriting, typewriting, printing,
			 photostating, photographing, and every other means of recording any form of
			 communication or representation, including letters, words, pictures, sounds; or
			 symbols, or combination thereof, and all paper, maps, magnetic or paper tapes,
			 photographic films and prints, magnetic or punched cards, discs, drums and
			 other documents."
(3)
State
			 finance committee
. The state finance committee is the committee
			 established by
			 chapter
			 43.33 RCW. The state
			 finance committee shall hereinafter be referred to as the "committee." Where
			 appropriate, the term state finance committee also refers to the staff and
			 employees of the committee.
Order XII, §
										210-06-020, filed
				  11/28/73.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-030 - Description of central and field organization of the state finance committee

Current through Register Vol. 24-14, July 15, 2024
(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 Insurance Building, Olympia,
			 Washington.
Order XII, §
										210-06-030, filed
				  11/28/73.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-040 - Operations and procedures

Current through Register Vol. 24-14, July 15, 2024
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.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-050 - Public records available

Current through Register Vol. 24-14, July 15, 2024
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, filed
				  11/28/73.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-060 - Public records officer

Current through Register Vol. 24-14, July 15, 2024
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
				implementation of the state finance committee's rules and regulations regarding
				release of public records, coordinating the staff of the committee in this
				regard, and generally insuring compliance by the staff with the public records
				disclosures requirements of chapter 1, Laws of 1973.
Order XII, §
										210-06-060, filed
				  11/28/73.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-070 - Office hours

Current through Register Vol. 24-14, July 15, 2024
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 excluding legal
				holidays.
Order XII, §
										210-06-070, filed
				  11/28/73.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-080 - Requests for public records

Current through Register Vol. 24-14, July 15, 2024
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 or copied or
				copies of such records may be obtained, by members of the public, upon
				compliance with the following procedures:
(1) A request shall be made in writing upon a
			 form prescribed by the state finance committee which shall be available at its
			 administrative office. The form shall be presented to the public records
			 officer; or to any member of the committee's staff, if the public records
			 officer is not available at the administrative office of the committee during
			 customary office hours. The request shall include the following information:
(a) The name of the person requesting the
			 record;
(b) The time of day and
			 calendar date on which the request was made;
(c) The nature of the request;
(d) If the matter requested is referenced
			 within the current index maintained by the records officer, a reference to the
			 requested record as it is described in such current index;
(e) If the requested matter is not
			 identifiable by reference to the committee's current index, an appropriate
			 description of the record requested.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-090 - Copying

Current through Register Vol. 24-14, July 15, 2024
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.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-100 - Exemptions

Current through Register Vol. 24-14, July 15, 2024
(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 reserves the right to delete identifying
			 details when it makes available or publishes any public record, in any cases
			 when there is reason to believe that disclosure of such details would be an
			 invasion of personal privacy protected by chapter 1, Laws of 1973. The public
			 records officer will fully justify such deletion in writing.
(3) All denials of requests for public
			 records must be accompanied by a written statement specifying the reason for
			 the denial, including a statement of the specific exemption authorizing the
			 withholding of the record and a brief explanation of how the exemption applies
			 to the record withheld.
Order XII, §
										210-06-100, filed
				  11/28/73.
Washington Administrative Code › Title 210 - State Treasurer's Office (Finance Committee) › Chapter 210-06 - Public records › Section 210-06-110 - Review of denials of public records requests

Current through Register Vol. 24-14, July 15, 2024
(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
			 member which constituted or accompanied the denial.
(2) Immediately after receiving a written
			 request for review of a decision denying a public record, the public records
			 officer or other staff member denying the request shall refer it to the
			 executive secretary of the committee. The executive secretary shall immediately
			 consider the matter and either affirm or reverse such denial or call a special
			 meeting of the state finance committee as soon as legally possible to review
			 the denial. In any case, the request shall be returned with a final decision,
			 within two business days following the original denial.
(3) Administrative remedies shall not be
			 considered exhausted until the system has returned the petition with a decision
			 or until the close of the second business day following denial of inspection,
			 whichever occurs first.
Order XII, §
										210-06-110, filed
				  11/28/73.