CERTIFICATION OF ENROLLMENT

SECOND SUBSTITUTE HOUSE BILL 3070



59th Legislature
2006 Regular Session

Passed by the House March 8, 2006
  Yeas 82   Nays 16


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Speaker of the House of Representatives


Passed by the Senate March 7, 2006
  Yeas 38   Nays 9



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President of the Senate
CERTIFICATE

I, Richard Nafziger, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is SECOND SUBSTITUTE HOUSE BILL 3070 as passed by the House of Representatives and the Senate on the dates hereon set forth.



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Chief Clerk
Approved 









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Governor of the State of Washington
FILED







Secretary of State
State of Washington


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SECOND SUBSTITUTE HOUSE BILL 3070
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AS AMENDED BY THE SENATE

Passed Legislature - 2006 Regular Session
State of Washington59th Legislature2006 Regular Session

By House Committee on Capital Budget (originally sponsored by Representatives Miloscia, Hasegawa, Chase and Santos)

READ FIRST TIME 02/08/06.   



     AN ACT Relating to increasing housing development capacity; and amending RCW 43.180.160.

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

Sec. 1   RCW 43.180.160 and 1999 c 131 s 2 are each amended to read as follows:
     The total amount of outstanding indebtedness of the commission may not exceed ((three)) four and one-half billion dollars at any time. The calculation of outstanding indebtedness shall include the initial principal amount of an issue and shall not include interest that is either currently payable or that accrues as a part of the face amount of an issue payable at maturity or earlier redemption. Outstanding indebtedness shall not include notes or bonds as to which the obligation of the commission has been satisfied and discharged by refunding or for which payment has been provided by reserves or otherwise.

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