AUTHORIZE INTERFUND LOAN FROM THE CAPITAL PROJECTS FUNDTO THE GENERAL FUNDWHEREAS, the Everett Public Schools Board of Directors, in a public meeting onMarch 24,2009, determined there is a need for additional funds up to and not to exceed$4,500,000 in the General Fund; andWHEREAS, WAC 392-123-140 permits a temporary loan from the Capital Projects Fundto the General Fund; andWHEREAS, WAC 392-123-140 requires the payment of interest by the borrowing fund tothe loaning fund at the most current published interest rate in the Washington StateInvestment Pool; andWHEREAS, WAC 392-123-160 requires the Board of Directors of a school districttoadopt a resolution befo...
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