RCW 67.70.250
Methods for payment of prizes by installments.
If the director decides to pay any portion of or all of the prizes in the form of installments over a period of years, the director shall provide for the payment of all such installments for any specific lottery game by one, but not both, of the following methods:
(1) The director may enter into contracts with any financially responsible person or firm providing for the payment of such installments; or
(2) The director may establish and maintain a reserve account into which shall be placed sufficient moneys for the director to pay such installments as they become due. Such reserve account shall be maintained as a separate and independent fund outside the state treasury.
[ 1987 c 511 § 11; 1982 2nd ex.s. c 7 § 25.]
Structure Revised Code of Washington
Title 67 - Sports and Recreation—Convention Facilities
Chapter 67.70 - State Lottery.
67.70.030 - State lottery commission created—Membership—Terms—Vacancies—Chair—Quorum.
67.70.040 - Powers and duties of commission—When legislative approval required.
67.70.042 - Scratch games—Baseball stadium construction.
67.70.044 - Shared game lottery.
67.70.050 - Office of director created—Appointment—Salary—Duties.
67.70.055 - Activities prohibited to officers, employees, and members.
67.70.060 - Powers of director.
67.70.070 - Licenses for lottery sales agents—Factors—"Person" defined.
67.70.080 - License as authority to act.
67.70.090 - Denial, suspension, and revocation of licenses.
67.70.110 - Maximum price of ticket or share limited—Sale by other than licensed agent prohibited.
67.70.120 - Sale to minor prohibited—Exception—Penalties.
67.70.130 - Prohibited acts—Penalty.
67.70.140 - Penalty for unlicensed activity.
67.70.150 - Penalty for false or misleading statement or entry or failure to produce documents.
67.70.160 - Penalty for violation of chapter—Exceptions.
67.70.170 - Penalty for violation of rules—Exceptions.
67.70.180 - Persons prohibited from purchasing tickets or shares or receiving prizes—Penalty.
67.70.200 - Deposit of moneys received by agents from sales—Power of director—Reports.
67.70.210 - Other law inapplicable to sale of tickets or shares.
67.70.220 - Payment of prizes to minor.
67.70.230 - State lottery account created.
67.70.240 - Use of moneys in state lottery account limited.
67.70.250 - Methods for payment of prizes by installments.
67.70.260 - Lottery administrative account created.
67.70.270 - Members of commission—Compensation—Travel expenses.
67.70.280 - Application of administrative procedure act.
67.70.290 - Postaudits by state auditor.
67.70.300 - Investigations by attorney general authorized.
67.70.310 - Management review by director of financial management.
67.70.320 - Verification by certified public accountant.
67.70.330 - Enforcement powers of director—Office of the director designated law enforcement agency.
67.70.340 - Transfer of shared game lottery proceeds.
67.70.360 - Marketing lottery as contributor to opportunity pathways—Strategy and implementation.
67.70.902 - Construction—1982 2nd ex.s. c 7.
67.70.905 - Effective date—1985 c 375.
67.70.906 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.