The board of directors of a school district or a charter school board may apply for any emergency advance on the school district's or charter school's basic education allocation. The application shall take the form of a resolution adopted by the board setting forth the following:

1. (1) The nature of the unforeseen condition requiring the advance;
2. (2) The amount requested to be advanced;
3. (3) The net cash and investment balance of the general fund as of the date of the resolution;
4. (4) A forecast of the general fund receipts, disbursements, and net cash and investment balance for each month remaining in the fiscal year;
5. (5) A disclosure of any existing or planned general fund revenue anticipation notes;
6. (6) A disclosure of any existing or planned general fund loan to or from another fund of the school district or charter school; and
7. (7) A written acknowledgment that funds advanced will be repaid in accordance with WAC 392-121-443, subject to approval by the superintendent of public instruction.

[Statutory Authority: RCW 28A.150.290, 28A.710.220, and 28A.510.250. WSR 24-22-051, s 392-121-436, filed 10/28/24, effective 11/28/24. Statutory Authority: RCW 28A.150.290 and 28A.710.220. WSR 15-18-078, § 392-121-436, filed 8/28/15, effective 9/28/15. Statutory Authority: RCW 28A.150.400 and 28A.150.290. WSR 90-19-040 (Order 28), § 392-121-436, filed 9/13/90, effective 10/14/90.]