CERTIFICATION OF ENROLLMENT

SUBSTITUTE HOUSE BILL 2389

Chapter 182, Laws of 2012

62nd Legislature
2012 Regular Session



ECONOMIC AND REVENUE FORECASTS--SUBMISSION DATES



EFFECTIVE DATE: 10/01/12

Passed by the House February 10, 2012
  Yeas 96   Nays 0

FRANK CHOPP
________________________________________    
Speaker of the House of Representatives


Passed by the Senate February 29, 2012
  Yeas 46   Nays 0


BRAD OWEN
________________________________________    
President of the Senate
 
CERTIFICATE

I, Barbara Baker, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is SUBSTITUTE HOUSE BILL 2389 as passed by the House of Representatives and the Senate on the dates hereon set forth.


BARBARA BAKER
________________________________________    
Chief Clerk
Approved March 29, 2012, 7:15 p.m.








CHRISTINE GREGOIRE
________________________________________    
Governor of the State of Washington
 
FILED
March 29, 2012







Secretary of State
State of Washington


_____________________________________________ 

SUBSTITUTE HOUSE BILL 2389
_____________________________________________

Passed Legislature - 2012 Regular Session
State of Washington62nd Legislature2012 Regular Session

By House Ways & Means (originally sponsored by Representative Orcutt)

READ FIRST TIME 02/07/12.   



     AN ACT Relating to modifying the submission dates for economic and revenue forecasts; amending RCW 82.33.020; and providing an effective date.

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

Sec. 1   RCW 82.33.020 and 2005 c 319 s 137 are each amended to read as follows:
     (1) Four times each year the supervisor ((shall)) must prepare, subject to the approval of the economic and revenue forecast council under RCW 82.33.010:
     (a) An official state economic and revenue forecast;
     (b) An unofficial state economic and revenue forecast based on optimistic economic and revenue projections; and
     (c) An unofficial state economic and revenue forecast based on pessimistic economic and revenue projections.
     (2) The supervisor ((shall)) must submit forecasts prepared under this section, along with any unofficial forecasts provided under RCW 82.33.010, to the governor and the members of the committees on ways and means and the chairs of the committees on transportation of the senate and house of representatives, including one copy to the staff of each of the committees, on or before November 20th, February 20th in the even-numbered years, March 20th in the odd-numbered years, June ((20th)) 27th, and September ((20th)) 27th. All forecasts ((shall)) must include both estimated receipts and estimated revenues in conformance with generally accepted accounting principles as provided by RCW 43.88.037.
     (3) All agencies of state government ((shall)) must provide to the supervisor immediate access to all information relating to economic and revenue forecasts. Revenue collection information ((shall)) must be available to the supervisor the first business day following the conclusion of each collection period.
     (4) The economic and revenue forecast supervisor and staff ((shall)) must co-locate and share information, data, and files with the tax research section of the department of revenue but ((shall)) may not duplicate the duties and functions of one another.
     (5) As part of its forecasts under subsection (1) of this section, the supervisor ((shall)) must provide estimated revenue from tuition fees as defined in RCW 28B.15.020.

NEW SECTION.  Sec. 2   This act takes effect October 1, 2012.


         Passed by the House February 10, 2012.
         Passed by the Senate February 29, 2012.
         Approved by the Governor March 29, 2012.
         Filed in Office of Secretary of State March 29, 2012.