PREPROPOSAL STATEMENT OF INQUIRY
Subject of Possible Rule Making: Amending chapter 210-01 WAC, Operation guidelines for the local government investment pool (LGIP).
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 43.250.060.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: While statutes authorize the state treasurer to offer a LGIP to governmental entities, the rules of how the LGIP operates are critical to the proper administration of an investment pool.
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.
Process for Developing New Rule: The agency will consult with stakeholders in the development of these rules.
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Doug Extine, Deputy Treasurer, P.O. Box 40200, Olympia, WA 98504-0200, phone (360) 902-9012, e-mail firstname.lastname@example.org. Interested parties can participate in this rule-making process by contacting the person identified below, providing written comments, or by providing oral testimony at the public hearing. In addition, the LGIP advisory committee contains representatives of several associations, e.g., WFOA, WMTA, WSACT, WPPA, and AWC, that represent nearly all LGIP participants. Through their contacts with their associations and our notification to individual participants all LGIP participants will be informed of the rule-making process and have the opportunity for review and input, should they desire to do so.
September 12, 2012