CERTIFICATION OF ENROLLMENT

SUBSTITUTE HOUSE BILL 1100

Chapter 139, Laws of 2005

59th Legislature
2005 Regular Session



FINANCIAL AID ACCOUNT



EFFECTIVE DATE: 7/24/05

Passed by the House March 3, 2005
  Yeas 97   Nays 0

FRANK CHOPP
________________________________________    
Speaker of the House of Representatives


Passed by the Senate April 14, 2005
  Yeas 46   Nays 0


BRAD OWEN
________________________________________    
President of the Senate		 
CERTIFICATE

I, Richard Nafziger, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is SUBSTITUTE HOUSE BILL 1100 as passed by the House of Representatives and the Senate on the dates hereon set forth.


RICHARD NAFZIGER
________________________________________    
Chief Clerk
Approved April 22, 2005.








CHRISTINE GREGOIRE
________________________________________    
Governor of the State of Washington		 
FILED
April 22, 2005 - 3:31 p.m.







Secretary of State
State of Washington


_____________________________________________ 

SUBSTITUTE HOUSE BILL 1100
_____________________________________________

Passed Legislature - 2005 Regular Session
State of Washington59th Legislature2005 Regular Session

By House Committee on Appropriations (originally sponsored by Representatives Kenney, Priest, Morrell, Fromhold, Jarrett, Sommers, Ormsby, Appleton, Tom, Anderson, Roberts, P. Sullivan, Lantz, Dickerson, Schual-Berke and Santos)

READ FIRST TIME 02/23/05.   



     AN ACT Relating to creating a state financial aid account to ensure that all statewide financial aid is made available; and adding a new section to chapter 28B.10 RCW.

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

NEW SECTION.  Sec. 1   A new section is added to chapter 28B.10 RCW to read as follows:
     (1) The state financial aid account is created in the custody of the state treasurer. The primary purpose of the account is to ensure that all appropriations designated for financial aid through statewide student financial aid programs are made available to eligible students. The account shall be a nontreasury account.
     (2) The higher education coordinating board shall deposit in the account all money received for the state need grant program established under RCW 28B.92.010, the state work-study program established under chapter 28B.12 RCW, the Washington scholars program established under RCW 28A.600.110, the Washington award for vocational excellence program established under RCW 28C.04.525, and the educational opportunity grant program established under chapter 28B.101 RCW. The account shall consist of funds appropriated by the legislature for the programs listed in this subsection and private contributions to the programs. Moneys deposited in the account do not lapse at the close of the fiscal period for which they were appropriated. Both during and after the fiscal period in which moneys were deposited in the account, the board may expend moneys in the account only for the purposes for which they were appropriated, and the expenditures are subject to any other conditions or limitations placed on the appropriations.
     (3) Expenditures from the account shall be used for scholarships to students eligible for the programs according to program rules and policies.
     (4) Disbursements from the account are exempt from appropriations and the allotment provisions of chapter 43.88 RCW.
     (5) Only the executive director of the higher education coordinating board or the executive director's designee may authorize expenditures from the account.


         Passed by the House March 3, 2005.
         Passed by the Senate April 14, 2005.
         Approved by the Governor April 22, 2005.
         Filed in Office of Secretary of State April 22, 2005.