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Washington Administrative Code (Last Updated: November 23, 2016) |
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Title 210. State Treasurer's Office (Finance Committee) |
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Chapter 210-02. School bond guarantee program. |
Section 210-02-050. Denial of eligibility/determination of ineligibility.
Latest version.
- 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.