Washington Statutes

§ 48.64.090 — Program may designate treasurer—Bond.

Washington § 48.64.090
JurisdictionWashington
Title 48INSURANCE
Ch. 48.64AFFORDABLE HOUSING ENTITIES—JOINT SELF-INSURANCE PROGRAMS

This text of Washington § 48.64.090 (Program may designate treasurer—Bond.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wash. Rev. Code § 48.64.090 (2026).

Text

(1)A joint self-insurance program may by resolution of the program designate a person having experience with investments or financial matters as treasurer of the program. The program must require a bond obtained from a surety company in an amount and under the terms and conditions that the program finds will protect against loss arising from mismanagement or malfeasance in investing and managing program funds. The program may pay the premium on the bond.
(2)All interest and earnings collected on joint self-insurance program funds belong to the program and must be deposited to the program's credit in the proper program account.

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Legislative History

[2009 c 314 s 10.]

Nearby Sections

15
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Bluebook (online)
Washington § 48.64.090, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/48.64.090.