S-3839.1  _______________________________________________

                         SENATE BILL 6735

          _______________________________________________

State of Washington   57th Legislature        2002 Regular Session

By Senators Rasmussen, Prentice, Benton, Keiser, Hochstatter, Honeyford, Winsley, Gardner and Regala

Read first time 01/30/2002.  Referred to Committee on Labor, Commerce & Financial Institutions.

Providing for direct deposit of unemployment compensation benefits.

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

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.  A single warrant may be drawn in favor of such financial institution, for the total amount due the recipients involved, and written directions provided to such financial institution of the amount to be credited to the account of a recipient or to be transferred to an account in another financial institution for such recipient.  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.

                            --- END ---