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PDFWAC 173-700-411

Ledger tracking and reporting.

(1) The sponsor must maintain a separate ledger for each bank.
(2) The ledger must be formatted to be consistent with the department's ledger template.
(3) The sponsor must submit a complete copy of the ledger at the following times:
(a) An annual ledger for the previous calendar year must be submitted by February 1st.
(b) An updated ledger must be submitted within thirty days after any credits are received, sold, or debited. This requirement also applies to other resource credits available at the bank.
(4) When a credit is debited from a bank to meet a permit requirement, and the credit sale is completed, the bank sponsor must record the permitted transaction at the auditor's office of the county in which the bank is located.
(a) Any recording fees or other costs are the responsibility of the sponsor.
(b) The sponsor must submit a copy of the recorded transaction to the department within thirty days of recording it at the auditor's office.
[Statutory Authority: Chapter 90.84 RCW. WSR 09-19-013 (Order 04-13), ยง 173-700-411, filed 9/3/09, effective 10/4/09.]
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