WAC 210-02-115: Notification by district of insufficient funds

Link to law: http://apps.leg.wa.gov/wac/default.aspx?cite=210-02-115
Published: 2015

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WACs > Title 210 > Chapter 210-02 > Section 210-02-115











210-02-090    

210-02-120







Agency filings affecting this section







WAC 210-02-115









Notification by district of insufficient funds.









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. [Statutory Authority: RCW 39.98.040. WSR 14-06-107, § 210-02-115, filed 3/5/14, effective 4/5/14.]