Washington § 28B.123.030 - Role of a foundation under contract with the board.

Full text of Washington Revised Code of Washington § 28B.123.030 — Role of a foundation under contract with the board., with citation guidance and answers to common questions.

§ 28B.123.030. Role of a foundation under contract with the board.

The board must contract with a foundation to develop and administer the program. The board shall provide oversight and guidance for the program in light of established legislative priorities and to fulfill the duties and responsibilities under this chapter and chapter 18.04 RCW, including determining eligible education programs for purposes of the program. The board shall negotiate a reasonable administrative fee for the services provided by the foundation. In addition to its contractual obligations with the board, the foundation has the duties and responsibilities to:
(1) Establish a separate scholarship award account to receive state funds and from which to disburse scholarship awards;
(2) Manage and invest funds in the separate scholarship award account to maximize returns at a prudent level of risk and to maintain books and records of the account for examination by the board as it deems necessary or appropriate;
(3) In consultation with the board, make an assessment of the reasonable annual eligible expenses associated with eligible education programs identified by the board;
(4) Work with [the] board, institutions of higher education, the student achievement council, and other organizations to promote and publicize the program to obtain a wide and diverse group of applicants;
(5) Develop and implement an application, selection, and notification process for awarding certified public accounting scholarships;
(6) Determine the annual amount of the certified public accounting scholarship for each program participant;
(7) Distribute scholarship awards to colleges and universities for program participants; and
(8) Notify the student achievement council and colleges and universities of enrolled program participants and inform them of the terms and conditions of the scholarship award.
[ 2015 c 215 s 3.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 28B.123.030

What does Revised Code of Washington § 28B.123.030 cover?

Section 28B.123.030 ("Role of a foundation under contract with the board.") 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 § 28B.123.030?

A common citation format is "Revised Code of Washington § 28B.123.030" (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 § 28B.123.030 apply to my situation?

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