Section 210-02-050 - Denial of eligibility/determination of ineligibility 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.
Wash. Admin. Code § 210-02-050
Amended by WSR 14-06-107, filed 3/5/14, effective 4/5/2014Statutory Authority: Chapter 39.98 RCW. 00-11-023, § 210-02-050, filed 5/9/00, effective 6/9/00.