(1) Within one year of notification by the board that an institution has been allocated one or more graduate fellowships, the institution shall:
- (a) Make written notification to the board that pledge(s) for private donation(s) have been secured; and
- (b) Provide a copy to the board of the agreement(s)/pledge(s) entered into with the private donor(s) concerning terms of the donation(s).
- (2) Upon notification pursuant to subsection (1) of this section, the board shall designate funds for that institution. Funds will be designated for a period of up to two years.
[Statutory Authority: RCW 28B.10.883. WSR 98-22-026, § 250-73-035, filed 10/28/98, effective 11/28/98; WSR 90-16-029, § 250-73-035, filed 7/23/90, effective 8/23/90.]