Section 250-61-040 - Duties of executive directorIn addition to other administrative responsibilities vested in the executive director of the Washington student achievement council under the act and this chapter, the executive director shall carry out the following administrative responsibilities:
(1) Process authorization applications, fee payments, bonds or security deposits, to include the denial and issuance of authorization, signed by the executive director or designee.(2) Cause the payment of any unsatisfied final judgment against an authorized institution, from the resources available through the tuition recovery trust fund or the institution's surety bond or other security deposit.(3) Upon written notice from an authorized institution, release the surety on the institution's bond or return the institution's security deposit, as prescribed in RCW 28B.85.070.(4) In the event of impaired liability of the security, notify the institution of suspension until the security liability in the required amount, unimpaired by unsatisfied judgment claims, shall have been furnished.(5) To the extent that there is a payment, release the security to the extent of the payment.(6) Establish and maintain all records called for under the provisions of the act and this chapter.(7) Maintain a current inventory of degree-granting institutions authorized or exempted under this chapter, including student complaints against such institutions.Wash. Admin. Code § 250-61-040
Amended by WSR 15-02-021, Filed 12/30/2014, effective 1/30/2015Amended by WSR 20-07-008, Filed 3/5/2020, effective 4/5/2020Statutory Authority: RCW 28B.76.120 and 28B.85.020. 09-02-008, § 250-61-040, filed 12/29/08, effective 1/29/09. Statutory Authority: RCW 28B.80.370. 95-01-003, § 250-61-040, filed 12/8/94, effective 1/8/95; 86-24-003 (Order 7/86, Resolution No. 87-34), § 250-61-040, filed 11/20/86.