CERTIFICATION OF ENROLLMENT

                        SENATE BILL 5567

                        56th Legislature

                      1999 Regular Session

Passed by the Senate March 10, 1999   YEAS 47   NAYS 0 President of the Senate Passed by the House April 6, 1999   YEAS 93   NAYS 0

CERTIFICATE I, Tony M. Cook, Secretary of the Senate of the State of Washington, do hereby certify that the attached is  SENATE BILL 5567 as passed by the Senate and the House of Representatives on the dates hereon set forth.

Speaker of the       House of Representatives	Secretary
Speaker of the       House of Representatives

Approved Place Style On Codes above, and Style Off Codes below.

FILED

Governor of the State of Washington

Secretary of State                   State of Washington

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                         SENATE BILL 5567

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             Passed Legislature - 1999 Regular Session

State of Washington      56th Legislature     1999 Regular Session

By Senators Hale and Snyder

Read first time 01/28/1999.  Referred to Committee on State & Local Government.

Using federal funds to reduce the outstanding debt of school districts within counties.

    AN ACT Relating to federal payments used to reduce the outstanding debt of school districts within counties; and adding a new section to chapter 36.01 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  A new section is added to chapter 36.01 RCW to read as follows:

    The county legislative authority of any county that receives payment in lieu of taxes and payment equal to tax funds from the United States department of energy under section 168 of the federal atomic energy act of 1954 and nuclear waste policy act of 1982 and that has an agreed settlement or a joint stipulation dated before January 1, 1998, which agreed settlement or joint stipulation includes funds designated for state schools, may direct the county treasurer to distribute those designated funds to reduce the outstanding debt of the school districts within the county.  Any such funds shall be divided among the school districts based upon the same percentages that each district's current assessed valuation is of the total assessed value for all eligible school districts if the district has outstanding debt that equals or exceeds the amount of its distribution.  If the district does not have outstanding debt that equals or exceeds the amount of its distribution, any amount above the outstanding debt shall be reallocated to the remaining eligible districts.  Any funds received before January 1, 1999, shall be distributed using the percentages calculated for 1998.  The county treasurer shall apply the funds to any outstanding debt obligation selected by the respective school districts.

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