Repayments of advances will be accomplished by a reduction in the school district's or charter school's apportionment payments. Under RCW 28A.510.250, all apportionment advances must be repaid during the apportionment year in which the funds are advanced. The repayment requirements are defined as follows:
(1) For advances received before June, at least 80 percent of the amount advanced must be repaid June 30th of the current school year, with the remaining balance repaid no later than August 31st of the current school year.
(2) In no instance can an apportionment advance be repaid and reapproved in the subsequent month.
[Statutory Authority: RCW 28A.150.290, 28A.510.250, and 28A.710.220. WSR 26-17-045, s 392-121-443, filed 8/12/26, effective 9/12/26; WSR 24-22-051, s 392-121-443, filed 10/28/24, effective 11/28/24. Statutory Authority: RCW 28A.150.290 and 28A.710.220. WSR 15-18-078, § 392-121-443, filed 8/28/15, effective 9/28/15. Statutory Authority: RCW 28A.150.400 and 28A.150.290. WSR 90-19-040 (Order 28), § 392-121-443, filed 9/13/90, effective 10/14/90.]