Wash. Admin. Code § 210-02-160

Current through Register Vol. 25-01, January 1, 2025

Section 210-02-160 - Interest on school district obligations to state

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.

Wash. Admin. Code § 210-02-160

Amended by WSR 14-06-107, filed 3/5/14, effective 4/5/2014

Statutory Authority: Chapter 39.98 RCW. 00-11-023, § 210-02-160, filed 5/9/00, effective 6/9/00.