CERTIFICATION OF ENROLLMENT

SENATE BILL 6332



60th Legislature
2008 Regular Session

Passed by the Senate March 12, 2008
  YEAS 47   NAYS 2


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President of the Senate
Passed by the House March 12, 2008
  YEAS 96   NAYS 1


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Speaker of the House of Representatives


CERTIFICATE

I, Thomas Hoemann, Secretary of the Senate of the State of Washington, do hereby certify that the attached is SENATE BILL 6332 as passed by the Senate and the House of Representatives on the dates hereon set forth.


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Secretary
Approved 









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Governor of the State of Washington
FILED







Secretary of State
State of Washington


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SENATE BILL 6332
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AS AMENDED BY THE HOUSE

Passed Legislature - 2008 Regular Session
State of Washington60th Legislature2008 Regular Session

By Senators Kauffman, Kilmer, Shin, Murray, Sheldon, Marr, Rasmussen, Franklin, Berkey, Haugen, Kohl-Welles, Regala, Keiser, Spanel, McDermott, Rockefeller, Kline, Tom, and McAuliffe; by request of Governor Gregoire

Read first time 01/15/08.   Referred to Committee on Consumer Protection & Housing.



     AN ACT Relating to increasing the debt limit of the housing finance commission; and amending RCW 43.180.160.

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

Sec. 1   RCW 43.180.160 and 2006 c 262 s 1 are each amended to read as follows:
     The total amount of outstanding indebtedness of the commission may not exceed ((four and one-half)) five 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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