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Washington Revised Code Title 67. Sports and Recreation--Convention Facilities § 67.70.250. Methods for payment of prizes by installments

Current as of January 01, 2025 | Updated by Findlaw Staff

If the director decides to pay any portion of or all of the prizes in the form of installments over a period of years, the director shall provide for the payment of all such installments for any specific lottery game by one, but not both, of the following methods:

(1) The director may enter into contracts with any financially responsible person or firm providing for the payment of such installments; or

(2) The director may establish and maintain a reserve account into which shall be placed sufficient moneys for the director to pay such installments as they become due. Such reserve account shall be maintained as a separate and independent fund outside the state treasury.

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Cite this article: FindLaw.com - Washington Revised Code Title 67. Sports and Recreation--Convention Facilities § 67.70.250. Methods for payment of prizes by installments - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-67-sports-and-recreationconvention-facilities/wa-rev-code-67-70-250/

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