FAILED 4/14/2005

5396-S.E AMH DEBO OLSE 095

ESSB 5396 - H AMD TO H COMM AMD (5396-S.E. AMH CB H2745.1)

By Representative DeBolt

   On page 7, line 6 of the amendment, after "eligible." insert "At least fifty percent of riparian protection account funds must be used for the acquisition of nonperpetual real property interests with terms not exceeding fifty years in duration."

   On page 9, line 34 of the amendment, after "interest." insert "However, at least fifty percent of farmland preservation account funds shall be used to acquire nonperpetual real property interests with terms not exceeding fifty years in duration."

EFFECT: Requires that at least 50% of the Riparian Protection Account funds and the Farmland Preservation Account funds must be used to acquire up to 50 year leases.