RCW 43.86A.070
Linked deposit program—Liability.
The state and those acting as its agents are not liable in any manner for payment of the principal or interest on qualifying loans made under RCW 43.86A.060. Any delay in payments or defaults on the part of the borrower does not in any manner affect the deposit agreement between the qualified public depositary and the state treasurer.
[ 1993 c 512 § 34.]
NOTES:
Finding—Intent—1993 c 512: See note following RCW 43.86A.060.
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.86A - Surplus Funds—Investment Program.
43.86A.010 - Finding—Objectives.
43.86A.020 - Surplus funds held as demand deposits to be limited.
43.86A.030 - Surplus funds investment program—Available funds—Allocation.
43.86A.040 - Other investment powers of state treasurer not limited.
43.86A.050 - Implementation of chapter by state treasurer.
43.86A.060 - Linked deposit program—Eligible entities—Interest rates—Rule-making authority.