Revised Code of Washington - RCW Title 39 Public Contracts And Indebtedness - Chapter 39.58 Public Funds -- Deposits And Investments -- Public Depositaries

39.58.010 Definitions
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** In this chapter, unless the context otherwise requires: (1) "Public funds" means moneys under the control of ...

39.58.020 Public funds -- Protection against loss
All public funds deposited in public depositaries, including investment deposits and accrued interest thereon, shall be protected against loss, as provided in this chapter.[1996 c ...

39.58.030 Public deposit protection commission -- State finance committee constitutes -- Proceedings
The Washington public deposit protection commission shall be the state finance committee. The record of the proceedings of the public deposit protection commission shall be ...

39.58.040 General powers of commission
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** The commission shall have power (1) to make and enforce regulations necessary and proper to the full ...

39.58.045 Financial institutions claiming exemption from sales, use or ad valorem taxes -- Notification of commission
The director of the department of revenue shall notify the public deposit protection commission quarterly on the first day of October, January, April, and July ...

39.58.050 Collateral for deposits -- Segregation -- Eligible securities
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** (1) Every public depositary shall complete a depositary pledge agreement with the commission and a trustee, and ...

39.58.060 Loss in a bank public depositary -- Procedure for payment
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** When the commission determines that a loss has occurred in a bank public depositary, it shall as ...

39.58.065 Loss in a thrift public depositary -- Procedure for payment
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** When the commission determines that a loss has occurred in a thrift public depositary, it shall as ...

39.58.070 Subrogation of commission to depositor's rights -- Sums received from distribution of assets, payment
Upon payment to any public depositor, the commission shall be subrogated to all of such depositor's right, title and interest against the public depositary in ...

39.58.080 Deposit of public funds in public depositary required -- Deposits in institutions located outside the state
(1) Except for funds deposited pursuant to a fiscal agency contract with the state fiscal agent or its correspondent bank, funds deposited pursuant to a ...

39.58.085 Demand accounts in out-of-state and alien banks -- Limitations
(1)(a) The commission, or the chair upon delegation by the commission, may authorize state and local governmental entities to establish demand accounts in out-of-state and ...

39.58.090 Authority to secure deposits in accordance with chapter -- Bonds and securities for deposits dispensed with
All institutions located in this state which are permitted by the statutes of this state to hold and receive public funds shall have power to ...

39.58.100 Reports of public depositaries -- Certification by director of financial institutions
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** On or before each commission report due date, each public depositary shall render to the commission a ...

39.58.103 Notice to commission of reduced net worth
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** Each public depositary shall notify the commission in writing within five working days of the happening of ...

39.58.105 Investigation of financial institution applying to become public depositary -- Report
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** The commission may require the state auditor or the director of financial institutions to thoroughly investigate and ...

39.58.108 Requirements to become depositary
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** Any financial institution may become a depositary upon approval by the commission and segregation of collateral in ...

39.58.120 Interest rates
Time deposits issued pursuant to this chapter shall bear interest at a rate not in excess of the maximum rate permitted by any applicable governmental ...

39.58.130 Investment deposits -- Net worth of public depositary
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** A treasurer is authorized to deposit in a public depositary any public funds available for investment and ...

39.58.135 Limitations on deposits
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** Notwithstanding RCW 39.58.130, (1) aggregate deposits received by a public depositary from all public treasurers shall not ...

39.58.140 Liability of treasurers
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** When deposits are made in accordance with this chapter, a treasurer shall not be liable for any ...

39.58.155 Statewide custodian -- Exemption from chapter
A statewide custodian under RCW 43.08.280 may be exempted from the requirements of this chapter, based on rules adopted by the public deposit protection commission.[1999 ...

39.58.750 Receipt, disbursement, or transfer of public funds by wire or other electronic communication means authorized
*** CHANGE IN 2009 *** (SEE 2061-S.SL) *** Notwithstanding any provision of law to the contrary, the state treasurer or any county, city, or other ...