43.320.100  <<  43.320.110 >>   43.320.115

RCW 43.320.110

Financial services regulation fund.

*** CHANGE IN 2018 *** (SEE 6024.SL) ***

*** CHANGE IN 2018 *** (SEE 6029-S2.SL) ***

There is created a local fund known as the "financial services regulation fund" which shall consist of all moneys received by the divisions of the department of financial institutions, except for the division of securities which shall deposit thirteen percent of all moneys received, except as provided in RCW 43.320.115, and which shall be used for the purchase of supplies and necessary equipment; the payment of salaries, wages, and utilities; the establishment of reserves; and other incidental costs required for the proper regulation of individuals and entities subject to regulation by the department. The state treasurer shall be the custodian of the fund. Disbursements from the fund shall be on authorization of the director of financial institutions or the director's designee. In order to maintain an effective expenditure and revenue control, the fund shall be subject in all respects to chapter 43.88 RCW, but no appropriation is required to permit expenditures and payment of obligations from the fund.
During the 2015-2017 fiscal biennium, the legislature may transfer from the financial services regulation fund to the state general fund such amounts as reflect the excess fund balance of the fund. During the 2015-2017 and 2017-2019 fiscal biennia, moneys from the financial services regulation fund may be appropriated for the family prosperity account program at the department of commerce and for the operations of the department of revenue.
NOTES:
Effective date2017 3rd sp.s. c 1: See note following RCW 43.41.455.
Effective dates2015 3rd sp.s. c 4: See note following RCW 28B.15.069.
Effective dates2011 2nd sp.s. c 9: See note following RCW 28B.50.837.
Effective date2010 1st sp.s. c 37: See note following RCW 13.06.050.
SeverabilityEffective date2005 c 518: See notes following RCW 28A.500.030.
SeverabilityEffective date2003 1st sp.s. c 25: See notes following RCW 19.28.351.
SeverabilityEffective date2002 c 371: See notes following RCW 9.46.100.
Severability2001 2nd sp.s. c 7: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [ 2001 2nd sp.s. c 7 § 923.]
Effective date2001 2nd sp.s. c 7: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately [June 26, 2001], except for section 911 of this act which takes effect July 1, 2001." [ 2001 2nd sp.s. c 7 § 924.]
Effective date2001 c 177: See note following RCW 43.320.080.
Effective date1995 c 238: See note following RCW 18.44.011.
Effective date1981 c 241: "This act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect July 1, 1981." [ 1981 c 241 § 4.]
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