Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 28A.150.290, 28A.710.220, and 28A.315.221.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The purpose of this amended WAC is to allow school districts in binding conditions to loan money from their transportation vehicle fund (TVF) to their general fund in order to maintain a positive cash flow in their general fund. When other binding condition efforts fail to resolve the district's financial issues and insolvency is imminent, and to ensure that the district will have a positive cash flow to meet obligations, they need to be able to borrow from TVF.

Process for Developing New Rule: Early solicitation of feedback and recommendations concerning new or amended rules, and consideration of comments and recommendations in the course of drafting rule language.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Shawn Lewis, Office of Superintendent of Public Instruction, P.O. Box 47200, Olympia, WA 98504, phone 360-725-6019, TTY 360-664-3631, website ospi.k12.wa.us.