Washington § 28B.95.080 - Washington advanced college tuition payment program account — Actuarial soundness — Adjustment of tuition credit purchases.

Full text of Washington Revised Code of Washington § 28B.95.080 — Washington advanced college tuition payment program account — Actuarial soundness — Adjustment of tuition credit purchases., with citation guidance and answers to common questions.

§ 28B.95.080. Washington advanced college tuition payment program account — Actuarial soundness — Adjustment of tuition credit purchases.

The governing body shall annually evaluate, and cause to be evaluated by the state actuary, the soundness of the advanced college tuition payment program account and determine the additional assets needed, if any, to defray the obligations of the account. The governing body may, at its discretion, consult with a nationally recognized actuary for periodic assessments of the account.
If funds are determined by the governing body, based on actuarial analysis to be insufficient to ensure the actuarial soundness of the account, the governing body shall adjust the price of subsequent tuition credit purchases to ensure its soundness.
If there are insufficient numbers of new purchases to ensure the actuarial soundness of the account, the governing body shall request such funds from the legislature as are required to ensure the integrity of the program. Funds may be appropriated directly to the account or appropriated under the condition that they be repaid at a later date. The repayment shall be made at such time that the account is again determined to be actuarially sound.
[ 2016 c 69 s 10; 2011 1st sp.s. c 12 s 3; 1997 c 289 s 8.]

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

Related Washington Legal Topics

Frequently Asked Questions About Washington § 28B.95.080

What does Revised Code of Washington § 28B.95.080 cover?

Section 28B.95.080 ("Washington advanced college tuition payment program account — Actuarial soundness — Adjustment of tuition credit purchases.") 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.95.080?

A common citation format is "Revised Code of Washington § 28B.95.080" (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.95.080 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

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.