CERTIFICATION OF ENROLLMENT

SUBSTITUTE SENATE BILL 6224



60th Legislature
2008 Regular Session

Passed by the Senate February 19, 2008
  YEAS 48   NAYS 0


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President of the Senate
Passed by the House March 5, 2008
  YEAS 96   NAYS 0


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Speaker of the House of Representatives


CERTIFICATE

I, Thomas Hoemann, Secretary of the Senate of the State of Washington, do hereby certify that the attached is SUBSTITUTE SENATE BILL 6224 as passed by the Senate and the House of Representatives on the dates hereon set forth.


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Secretary
Approved 









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Governor of the State of Washington
FILED







Secretary of State
State of Washington


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SUBSTITUTE SENATE BILL 6224
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Passed Legislature - 2008 Regular Session
State of Washington60th Legislature2008 Regular Session

By Senate Ways & Means (originally sponsored by Senator Keiser)

READ FIRST TIME 02/12/08.   



     AN ACT Relating to modifying the interest accrual methodology for vendor overpayments; and amending RCW 43.20B.695.

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

Sec. 1   RCW 43.20B.695 and 1987 c 283 s 2 are each amended to read as follows:
     (1) Except as provided in subsection (4) of this section, vendors shall pay interest on overpayments at the rate of one percent per month or portion thereof. Where partial repayment of an overpayment is made, interest accrues on the remaining balance. Interest will not accrue when the overpayment occurred due to department error.
     (2) If the overpayment is discovered by the vendor prior to discovery and notice by the department, the interest shall begin accruing ninety days after the vendor notifies the department of such overpayment.
     (3) If the overpayment is discovered by the department prior to discovery and notice by the vendor, the interest shall begin accruing ((as follows, whichever occurs first:
     (a))) thirty days after the date of notice by the department to the vendor((; or
     (b) Ninety days after the date of overpayment to the vendor)).
     (4) This section does not apply to:
     (a) Interagency or intergovernmental transactions;
     (b) Contracts for public works, goods and services procured for the exclusive use of the department, equipment, or travel; and
     (c) Contracts entered into before September 1, 1979, for contracts with medical assistance funding, and August 23, 1983, for all other contracts.

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