S-4154.1  _______________________________________________

                    SUBSTITUTE SENATE BILL 6735

          _______________________________________________

State of Washington   57th Legislature        2002 Regular Session

By Senate Committee on Labor, Commerce & Financial Institutions (originally sponsored by Senators Rasmussen, Prentice, Benton, Keiser, Hochstatter, Honeyford, Winsley, Gardner and Regala)

READ FIRST TIME 02/08/2002.

Providing for direct deposit of unemployment compensation benefits.

    AN ACT Relating to direct deposit of unemployment compensation benefits; adding a new section to chapter 50.20 RCW; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  A new section is added to chapter 50.20 RCW to read as follows:

    An individual receiving benefits under this title may elect to have any payments due transferred to the individual's account in a financial institution for either:  (1) Credit to the recipient's account in such financial institution; or (2) immediate transfer to the recipient's account in any other financial institution.  The issuance and delivery by the disbursing officer of a warrant in accordance with the procedure set forth in this section and proper endorsement by the financial institution has the same legal effect as payment directly to the recipient.

    For the purposes of this section "financial institution" has the meaning given in RCW 41.04.240.

NEW SECTION. Sec. 2.  This act applies to claims effective on or after December 29, 2002.

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