Authorizing certain school districts and educational service districts to designate a district treasurer.
Summary
Authorizes boards of certain Educational Service Districts (ESDs) and school districts with 10,000 or more students to designate a District Treasurer with the same powers and under the same restrictions as the County Treasurer acting as ex officio treasurer for the district.
Applies to school districts located in a county where the Treasurer is not elected by the voters and to ESDs that provide services to such school districts.
Allows a District Treasurer to be an employee of a school district or an ESD, or another person with experience in financial matters.
Authorizes an ESD or school district acting as a District Treasurer to adopt a policy to pay financial obligations by warrant or check and to indemnify employees when they are lawfully carrying out the duties of treasurer.
Allows a District Treasurer to delegate management of investments of the district, subject to an investment policy approved by the board of directors.
From the Engrossed Substitute House Bill Analysis 2009 (ESSB 5828), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House