Upon determining that a school district is eligible to participate in the guarantee program, the state treasurer will issue a certificate of eligibility to the school district. The certificate of eligibility shall:

1. (1) Evidence the school district's immediate qualification for the guarantee program;
2. (2) Be valid for one year from the date of its issuance; and
3. (3) Be valid only for those bonds approved under the certified special election(s) specified by the school district in its application for a certificate of eligibility.

[Statutory Authority: RCW 39.98.040. WSR 14-06-107, § 210-02-040, filed 3/5/14, effective 4/5/14. Statutory Authority: Chapter 39.98 RCW. WSR 00-11-023, § 210-02-040, filed 5/9/00, effective 6/9/00.]