Wash. Admin. Code § 390-16-042 - Debts and obligations-Contingent liabilities-How to report
(1) Pursuant to
RCW
42.17A.240 and
42.17A.005, "promise," "promise to
pay," "debt" and "obligations" mean:
(a) Any
oral or written order or agreement placed for goods, services, or anything else
of value;
(b) Any offer to purchase
advertising space, broadcast time, or other written, broadcast, or digital
advertising-related product or service;
(c) Any contractual contingent liability;
or
(d) Provided that the amount of
the debt or obligation in (a), (b), or (c) of this subsection owed to a vendor
is more than $1,000, and the vendor has not been paid in full for the goods
received, invoices submitted, or services performed within the time periods
specified below:
(i) For reports due within 30
days of an election, debts or obligations of more than $1,000 must be reported
if the debt or obligation has been outstanding for more than five business days
as of the last day of the reporting period.
(ii) For reports due during any other
reporting period, debts or obligations of more than $1,000 must be reported if
the debt or obligation has been outstanding for more than 10 business days as
of the last day of the reporting period.
(2) A contractual contingent liability (e.g.,
an additional fee to be paid to a political consultant or other person
conditioned upon the candidate winning the election) is reportable as a debt or
obligation from the time the contract or agreement is entered into until the
liability is voided, paid or otherwise satisfied.
(3) Regularly recurring expenditures, of the
same type and same or similar amount that have been reported at least once,
need not be reported as debt unless they are past due as of the last day of the
reporting period. Examples of recurring obligations that can be reported as
recurring expenditures rather than debt include rent, utilities, insurance,
cellular phone costs, and payments to campaign staff.
Notes
Statutory Authority: RCW 42.17.370. 89-20-068, § 390-16-042, filed 10/4/89, effective 11/4/89.
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