PREPROPOSAL STATEMENT OF INQUIRY
Subject of Possible Rule Making: Chapter 389-12 WAC, Practice and procedure -- Public depositaries.
Statutes Authorizing the Agency to Adopt Rules on this Subject: Chapter 39.58 RCW.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: To amend and update the procedures to be followed by financial institutions who hold public funds in Washington state in accordance with the Public Deposit Protection Act, as amended by chapter 9, Laws of 2009.
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.
Process for Developing New Rule: The agency will consult with stakeholders in the development of these rules.
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication. Interested parties can participate in this rule-making process by contacting Shad Pruitt, Deputy Treasurer, P.O. Box 40200, Olympia, WA 98504-0200, phone (360) 902-8904, fax (360) 586-6890, e-mail firstname.lastname@example.org; monitoring the office of the state treasurer web site; providing written comments; and providing oral testimony at the public hearing.
April 17, 2009