ADMINISTRATION BOARD

[Filed November 12, 2020, 8:27 a.m.]

Proposal is exempt under chapter 36.78 RCW.

Title of Rule and Other Identifying Information: Amendments to WAC 136-500-080 Payback terms, for the emergency loan program.

Hearing Location(s): On January 28, 2021, at 2:00 p.m., at 2404 Chandler Court S.W.

Date of Intended Adoption: January 28, 2021.

Submit Written Comments to: Karen Pendleton, 2404 Chandler Court S.W., Suite 240, email karen@crab.wa.gov, by January 22, 2021.

Assistance for Persons with Disabilities: Contact Karen Pendleton, phone 360-753-5989, TTY 800-833-6384, email karen@crab.wa.gov, by January 22, 2021.

Purpose of the Proposal and Its Anticipated Effects, Including Any Changes in Existing Rules: This proposed amendment to WAC 136-500-080 defines a county's payback terms of the emergency loan program.

Reasons Supporting Proposal: This proposed amendment to WAC 136-500-080 gives a county options in payback terms of the emergency loan program.

Statutory Authority for Adoption: Chapter 36.78 RCW.

Statute Being Implemented: Not applicable.

Rule is not necessitated by federal law, federal or state court decision.

Name of Proponent: County road administration board, governmental.

Name of Agency Personnel Responsible for Drafting: Steve Johnson, PE, 2404 Chandler Court S.W., Suite 240, Olympia, 98504, 360-753-5989; Implementation: Drew Woods, PE, 2404 Chandler Court S.W., Suite 240, Olympia, 98504, 360-753-5989; and Enforcement: John Koster, 2404 Chandler Court S.W., Suite 240, Olympia, 98504, 360-753-5989.

A school district fiscal impact statement is not required under RCW 28A.305.135.

A cost-benefit analysis is not required under RCW 34.05.328. Not applicable.

This rule proposal, or portions of the proposal, is exempt from requirements of the Regulatory Fairness Act because the proposal:

Is exempt under RCW 19.85.025(3) as the rules relate only to internal governmental operations that are not subject to violation by a nongovernment party; and rule content is explicitly and specifically dictated by statute.

Is exempt under chapter 36.78 RCW.

November 5, 2019 [2020]

AMENDATORY SECTION(Amending WSR 20-04-076, filed 2/4/20, effective 3/6/20)

WAC 136-500-080Payback terms.

Any loan funded through this program shall have a term not to exceed twenty-four months. The county will be invoiced six months from the date of contract execution and quarterly thereafter until the end of the contract term. If a county desires a longer payback term, the county's legislative authority may request a revised payback term at the next regularly scheduled board meeting.

Simple interest on the amount of the loan shall be the monthly rate of return for the LGIP not to exceed three percent.

If a county pays the county road administration board the principle amount of the loan within six months of the date of contract execution, no interest will be charged and the contract will be closed. Should a county not pay the loan in full within six months of the date of contract execution, interest will be calculated from the date of contract execution to the date of final payment. A county may pay off any loan received through this program before the end of the term to reduce the amount of interest owed.