Wash. Admin. Code § 326-70-050
Funding shall occur on a monthly basis as funds are available. First-time enrollments must be first to receive funding in the month they are approved. If available funds are insufficient to cover the remaining enrollments in a given month, the unfunded enrollments must be first to receive funding in the subsequent month. First-time enrollments in that month will be funded following the funding of enrollments brought forward from the previous month(s). See illustration below.
Loan Application | Funded? | ||||
Loan ID | First Loan? | Dec. 07 | Jan. 08 | Feb. 08 | Mar. 08 |
D-1 | Y | Y | |||
D-2 | Y | Y | |||
D-3 | N | Y | |||
D-4 | N | N | Y | ||
D-5 | N | N | N | Y | |
D-6 | N | N | N | N | Y |
J-1 | Y | -- | N | N | Y |
J-2 | N | -- | N | N | N |
J-3 | N | -- | N | N | N |
F-1 | Y | -- | -- | N | Y |
F-2 | Y | -- | -- | N | Y |
F-3 | N | -- | -- | N | N |
F-4 | N | -- | -- | N | N |
M-1 | Y | -- | -- | -- | N |
M-2 | N | -- | -- | -- | N |
Note: In the Loan ID column, the alpha character identifies the month in which the enrollment was approved. After three months on the list, unfunded enrollments (other than first-timers) will be funded in alternating order with first-time enrollments. First-timers that are unfunded after six months will be given priority and not subjected to alternating. (See WAC 326-70-060)
Wash. Admin. Code § 326-70-050
Statutory Authority: RCW 39.19.030, 43.86A.060, and 2007 c 500 §§ 1 and 2. 08-03-116, § 326-70-050, filed 1/22/08, effective 2/22/08.