Washington § 28A.320.340 - Temporary interfund loans.

Full text of Washington Revised Code of Washington § 28A.320.340 — Temporary interfund loans., with citation guidance and answers to common questions.

§ 28A.320.340. Temporary interfund loans.

(1) A school district that is in binding conditions pursuant to RCW 28A.505.110 or under enhanced financial oversight pursuant to RCW 28A.315.221 may take a temporary interfund loan from its capital projects fund or transportation vehicle fund, subject to the following conditions:
(a) The borrowing fund must repay the full loan amount to the loaning fund within one calendar year;
(b) The loaning fund may not charge interest on the amounts loaned;
(c) The loan may not be made to the detriment of any function or project for which the loaning fund was established;
(d) The school district's financial reports, including monthly financial reports provided to the board of directors of the district, must specify all outstanding interfund loan balances.
(2)(a) The board of directors of a qualifying school district must adopt a resolution to approve a temporary interfund loan transaction. The resolution must contain the exact amount of the loan, the funds involved, the specific source of funds for repayment, and the schedule for repayment.
(b) If a school district is under enhanced financial oversight pursuant to RCW 28A.315.221, the temporary interfund loan transaction must additionally be approved by the special administrator appointed to oversee and carry out financial conditions imposed on the district as recommended by the financial oversight committee.
(3) The office of the superintendent of public instruction shall adopt rules as necessary to implement this section.
[ 2026 c 182 s 1; 2025 c 384 s 1.]

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Frequently Asked Questions About Washington § 28A.320.340

What does Revised Code of Washington § 28A.320.340 cover?

Section 28A.320.340 ("Temporary interfund loans.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 28A.320.340?

A common citation format is "Revised Code of Washington § 28A.320.340" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 28A.320.340 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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