Washington Administrative Code
Title 390 - Public Disclosure Commission
Chapter 390-24 - Reports Of Financial Affairs
Section 390-24-110 - Definition-Debt
Universal Citation: WA Admin Code 390-24-110
Current through Register Vol. 24-06, March 15, 2024
(1) For the purpose of RCW 42.17A.710(1)(c), the term "debt" means and includes a personal obligation or liability to pay or return something of value.
(2) The term "debt" as used in RCW 42.17A.710(1)(c) shall not be deemed to include:
(a) An account payable
of a business entity in the ordinary course of such entity's business;
or
(b) A contractual promise as
guarantor of a debt.
Statutory Authority: RCW 42.17A.110. 12-03-002, § 390-24-110, filed 1/4/12, effective 2/4/12. Statutory Authority: RCW 42.17.370(1). 86-08-030 (Order 86-02), § 390-24-110, filed 3/26/86; Order 62, § 390-24-110, filed 8/26/75.
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