Subject of Possible Rule Making: Updating the rules related to the process for the approval of electronic funds and information transfers by state agencies.

     Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 43.41.180 and 43.41.110(14).

     Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The current rules related to the approval of and the requirements for agency electronic funds and information transfer systems were last updated in 1982. Since implementation, the statute upon which the rules were enacted has been repealed and additional statutes related to this subject have been enacted. The proposed changes are intended to update the rules to ensure consistency with the current banking and agency practices, informational systems availability and current state and federal statutory requirements, as well as to make technical adjustments and clarifications as needed.

     Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: OFM is coordinating with and receiving input from the Office of the State Treasurer.

     Process for Developing New Rule: Early solicitation and consideration of comments and recommendations respecting the proposed changes.

     Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication. For information about the rules and process or to receive a copy of the draft rules before or after publication, contact Wendy Jarrett, Statewide Accounting Manager, Office of Financial Management, 6639 Capitol Boulevard (Point Plaza Building), P.O. Box 43113, Olympia, WA 98504-3113, phone (360) 664-7675, e-mail wendy.jarrett@ofm.wa.gov; Pam Valencia, Statewide Accounting, Office of Financial Management, 6639 Capitol Boulevard (Point Plaza Building), P.O. Box 43113, Olympia, WA 98504-3113, phone (360) 664-7670, e-mail pam.valencia@ofm.wa.gov.

August 24, 2005

Roselyn Marcus

Director of Legal Affairs

Rules Coordinator

© Washington State Code Reviser's Office