ENGROSSED HOUSE BILL 1228







                        52nd Legislature

                      1991 Regular Session



Passed by the House March 20, 1991

  Yeas 96   Nays 2




Speaker of the

       House of Representatives


Passed by the Senate April 18, 1991

  Yeas 46   Nays 1




President of the Senate












Governor of the State of Washington



I, Alan Thompson, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is ENGROSSED HOUSE BILL 1228 as passed by the House of Representatives and the Senate on the dates hereon set forth.




                                      Chief Clerk











                        Secretary of State   

                       State of Washington  




                             ENGROSSED HOUSE BILL 1228



                       Passed Legislature - Regular Session



State of Washington              52nd Legislature             1991 Regular Session


By Representatives Brumsickle, Wang, Holland and Paris; by request of Office of Financial Management.


Read first time January 23, 1991.  Referred to Committee on Revenue.Managing state government receivables.

     AN ACT Relating to the management of state government receivables; amending RCW 43.88.175; and adding a new section to chapter 43.17 RCW.




     Sec. 1.  RCW 43.88.175 and 1989 c 100 s 1 are each amended to read as follows:

     State agencies may report ((past due accounts)) receivables to credit reporting agencies whenever the agency determines that such reporting would be cost-effective and does not violate confidentiality or other legal requirements.  Within thirty-five days after satisfaction of a debt reported to a credit reporting agency, the state agency reporting the debt shall notify the credit reporting agency that the debt has been satisfied.


     NEW SECTION.  Sec. 2.  A new section is added to chapter 43.17 RCW to read as follows:

     Interest at the rate of one percent per month, or fraction thereof, shall accrue on debts owed to the state, starting on the date the debts become past due.  This section does not apply to:  (1) Any instance where such interest rate would conflict with the provisions of a contract or with the provisions of any other law; or (2) debts to be paid by other governmental units. The office of financial management may adopt rules specifying circumstances under which state agencies may waive interest, such as when assessment or collection of interest would not be cost-effective.  This section does not affect any authority of the state to charge or collect interest under any other law on a debt owed to the state by a governmental unit.  This section applies only to debts which become due on or after the effective date of this act.