Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · Washington · Title 28B — Higher Education · Chapter 28B.116

RCW 28B.116.060

381 words·~2 min read·/wa/title-28b/chapter-28b-116/28b-116-060·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The foster care scholarship endowment fund is created in the custody of the state treasurer.
(1)Moneys received from the office, private donations, state matching moneys, and funds received from any other source may be deposited into the foster care scholarship endowment fund. Private moneys received as a gift subject to conditions may be deposited into the endowment fund if the conditions do not violate state or federal law. The investment of private moneys in the fund shall be managed by the state investment board.
(2)At the request of the office, the state investment board shall release earnings from the private moneys invested by it to the state treasurer.
(3)The office may disburse grants to eligible students from the foster care scholarship endowment fund. No appropriation is required for expenditures from the endowment fund.
(4)When notified by court order that a condition attached to a gift of private moneys from the foster care scholarship endowment fund has failed, the office shall release those moneys to the donors according to the terms of the conditional gift.
(5)The principal of the foster care scholarship endowment fund shall not be invaded. For the purposes of this section, only the first twenty-five thousand dollars deposited into the foster care scholarship endowment fund shall be considered the principal. The release of moneys under subsection
(4)of this section shall not constitute an invasion of the corpus.
(6)The foster care scholarship endowment fund shall be used solely for the purposes in this chapter, except when the conditional gift of private moneys in the endowment fund require a portion of the earnings on such moneys be reinvested in the endowment fund.
[ 2012 c 187 s 5 ; (2012 c 187 s 4 expired July 1, 2012); 2011 1st sp.s. c 11 s 218 ; 2007 c 73 s 3 ; 2005 c 215 s 7 .]
Notes:
Effective date — 2012 c 187 ss 3 and 5: See note following RCW 28B.108.060 .
Expiration date — 2012 c 187 ss 2 and 4: See note following RCW 28B.108.060 .
Effective date — 2011 1st sp.s. c 11 ss 101-103, 106-202, 204-244, and 301: See note following RCW 28B.76.020 .
Intent — 2011 1st sp.s. c 11: See note following RCW 28B.76.020 .
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.