WAC 392-343-030. Applicable state funding assistance percentage for project

Pursuant to the provisions of RCW 28A.525.168 , the state funding assistance percentage used for the allocation of state moneys shall be the highest applicable rate based on the following criteria, determined by the calendar year in which each event occurs: (1) Adoption of the school board resolution authorizing bond indebtedness and/or levies for the project; (2) Passage of bonds and/or levies by the voters of the school district to provide the local share required for state funding assistance; (3) Approval of the project by the superintendent of public instruction project approval. If approved before the funding assistance percentage for the new year is available, the previous calendar year funding assistance percentage will be applied; or (4) Superintendent of public instruction approval to bid. In the event that a district is otherwise eligible to receive approval to bid one or more projects but a lack of state funding assistance precludes the issuance of such approval(s), the district shall retain the higher state funding assistance percentage as provided for in this section for such approval(s). This provision shall apply to all projects having received project approval by the state board of education after September 1, 1997, or by the superintendent of public instruction after June 6, 2006.