| Passed by the Senate February 19, 2008 YEAS 48 BRAD OWEN ________________________________________ President of the Senate Passed by the House March 5, 2008 YEAS 96 FRANK CHOPP ________________________________________ Speaker of the House of Representatives | 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. THOMAS HOEMANN ________________________________________ Secretary | |
| Approved March 18, 2008, 1:44 p.m. CHRISTINE GREGOIRE ________________________________________ Governor of the State of Washington | March 19, 2008 Secretary of State State of Washington |
| State of Washington | 60th Legislature | 2008 Regular Session |
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:)) thirty days after the date of notice by the department to the
vendor((
(a); 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.