While 99% of the WUCIOA statute applies only to communities formed after July 1, 2018 and to those that adopt it, RCW 64.90.525 (Budgets and Assessments) and RCW 64.90.545 (Reserve Study) retroactively apply to ALL Washington State CICs.

• Some reserve study companies in the Seattle area are still not meeting the minimum requirements of RCW 64.90.525 which in turn jeopardizes your annual budget ratification process.

  • While not explicit, RCW 64.90.525 effectively includes requirements from RCW 64.90.550.

• One year ago, a Seattle-based law firm reviewed between 50 and 100 reserve studies pro bono.  Well over half the studies they reviewed were found to be substantially non-compliant with the updated statute.

  • Have questions or concerns?!  Confidentially ask us!