WAC 250-73-015. Definitions

(1) "Board" means the higher education coordinating board. (2) "Institution" means a public four-year college or university within the state of Washington. (3) "Graduate fellowship program" means the program established by the legislature as provided by RCW 28B.10.880 through 28B.10.887 . (4) "Trust fund" means the graduate fellowship trust fund established by the legislature as provided by RCW 28B.10.882 . (5) "Private donation" means funds made specifically to the graduate fellowship program from nonpublic fund sources. (6) "Pledge" means an agreement between an institution and a private donor(s) establishing terms for a private donation to be made within a period of two years as provided by RCW 28B.10.884 . (7) "Allocate" means to assign a share of the available fellowships to specific institutions until a date certain. (8) "Designate" means to set aside or reserve trust funds as a potential match to a pledged private donation upon notification to the board. (9) "Release funds" means the transfer of trust funds to an institution after notification to the board that the full amount of a pledged and designated private donation has been received.