Washington § 28B.50.844 - Exceptional faculty awards — Eligibility of foundation for matching funds — Endowment fund management.

Full text of Washington Revised Code of Washington § 28B.50.844 — Exceptional faculty awards — Eligibility of foundation for matching funds — Endowment fund management., with citation guidance and answers to common questions.

§ 28B.50.844. Exceptional faculty awards — Eligibility of foundation for matching funds — Endowment fund management.

A foundation is not eligible to receive matching funds under RCW 28B.50.835 through 28B.50.843 unless the foundation and the board of trustees of the college for whose benefit the foundation exists have entered into a contract, approved by the attorney general, that: (1) Specifies the services to be provided by the foundation; (2) provides for protection of the community and technical college exceptional awards endowment funds under the foundation's control; and (3) provides for the college's assumption of ownership, management, and control of such funds if the foundation ceases to exist or function properly, or fails to provide the specified services in accordance with the contract.
The principal of the community and technical college exceptional awards endowment fund managed by the foundation shall not be invaded. Funds recovered by a college under this section shall be deposited into the college's local endowment fund. For purposes of this section, community and technical college exceptional awards endowment funds include the private donations, state matching funds, and any accrued interest on such donations and matching funds.
[ 1993 c 87 s 4.]

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

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Frequently Asked Questions About Washington § 28B.50.844

What does Revised Code of Washington § 28B.50.844 cover?

Section 28B.50.844 ("Exceptional faculty awards — Eligibility of foundation for matching funds — Endowment fund management.") 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.50.844?

A common citation format is "Revised Code of Washington § 28B.50.844" (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.50.844 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.

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