Washington Code 64.36.185 – Director’s powers — Employment of outside persons for advice on project operating budget — Reimbursement by promoter — Notice and hearing
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(1) If it appears that the operating budget of a project fails to adequately provide for funding of reserve accounts, the director may employ outside professionals or consultants to provide advice or to develop an alternative budget. The promoter shall pay or reimburse the department for the costs incurred for such professional opinions.
Terms Used In Washington Code 64.36.185
- Director: means the director of licensing. See Washington Code 64.36.010
- Promoter: means any person directly or indirectly instrumental in organizing, wholly or in part, a timeshare offering. See Washington Code 64.36.010
(2) Before employing consultants under this section, the director shall provide the applicant with written notice and an opportunity for a hearing under chapter 34.05 RCW.
[ 1987 c 370 § 6.]