Revised Code of Washington - RCW Title 28A Common School Provisions - Section 28A.515.310 Certain losses to permanent common school fund or other state educational funds as funded debt against state

§ 28A.515.310. Certain losses to permanent common school fund or other state educational funds as funded debt against state

All losses to the permanent common school or any other state educational fund, which shall be occasioned by defalcation, mismanagement or fraud of the agents or officers controlling or managing the same, shall be audited by the proper authorities of the state. The amount so audited shall be a permanent funded debt against the state in favor of the particular fund sustaining such loss, upon which not less than six percent annual interest shall be paid.

[1969 ex.s. c 223 § 28A.40.020. Prior: 1909 c 97 p 321 § 2; RRS § 4933; prior: 1897 c 118 § 110, part; 1890 p 373 § 51, part. Formerly RCW 28A.40.020, 28.40.020.]

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Last modified: April 7, 2009