Washington § 67.70.250 - Methods for payment of prizes by installments.

Full text of Washington Revised Code of Washington § 67.70.250 — Methods for payment of prizes by installments., with citation guidance and answers to common questions.

§ 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 s 11; 1982 2nd ex.s. c 7 s 25.]

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

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Frequently Asked Questions About Washington § 67.70.250

What does Revised Code of Washington § 67.70.250 cover?

Section 67.70.250 ("Methods for payment of prizes by installments.") 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 § 67.70.250?

A common citation format is "Revised Code of Washington § 67.70.250" (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 § 67.70.250 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.