PDFWAC 392-123-140
Interfund loans allowable.
(1) Loans are allowable to the general fund, the transportation vehicle fund, the capital projects fund, and the debt service fund of school districts.
(2) Loans are allowable from the general fund and the capital projects fund. For school districts subject to official binding conditions by the superintendent of public instruction and facing financial insolvency, loans are allowable from the transportation vehicle fund to the general fund, the capital projects fund, and the debt service fund.
(a) WAC 392-123-135 through 392-123-160 also apply to loans from the transportation vehicle fund.
(b) Loans from the transportation vehicle fund are subject to final approval by the superintendent of public instruction. Districts must submit approved copies of board resolutions with all required information to the superintendent of public instruction five working days prior to the planned interfund loan.
(3) Loans shall not be made to the detriment of any function or project for which the fund was established.
[Statutory Authority: RCW 28A.150.290, 28A.710.220, and 28A.315.221. WSR 25-24-001, s 392-123-140, filed 11/19/25, effective 12/20/25. Statutory Authority: RCW 28A.150.290 and 28A.710.220. WSR 15-18-078, § 392-123-140, filed 8/28/15, effective 9/28/15. Statutory Authority: RCW 28A.65.465. WSR 83-21-027 (Order 83-12), § 392-123-140, filed 10/10/83; WSR 82-19-048 (Order 82-13), § 392-123-140, filed 9/14/82. Statutory Authority: RCW 28A.41.170, 28A.41.055 and 28A.65.465. WSR 81-20-007 (Order 81-18), § 392-123-140, filed 9/24/81; Order 8-76, § 392-123-140, filed 7/23/76; Order 7-75, § 392-123-140, filed 12/22/75. Formerly WAC 392-30-270.]