Strike everything after the enacting clause and insert the following:

NEW SECTION.  Sec. 1.  "Park lands and park facilities are a vital component of the future health and prosperity of the state. In order to ensure that the state continues to be able to provide high quality park, recreation, and open space for the public, it is the intent of the legislature through this act to provide funding for capital projects to help overcome the extensive backlog of maintenance needs at state parks. This new source of funding for the critical capital needs of the state's parks furthers the mission of recreation and outdoor education and is intended to enhance the ability of the state parks and recreation commission, over the next eight years, to fulfill its critical role in providing recreational access for the state's youth and public as they enjoy the natural heritage of Washington.

(1) "Bonds" means bonds, notes, commercial paper, certificates of indebtedness, or other evidences of indebtedness of the state issued under this chapter.

(2) "Commission" means the state parks and recreation commission defined in RCW 79A.05.010.

(2) Proceeds from these bonds may not be used for any expenditures to any part of the cross-state trail east of the Columbia river known by the names of the Milwaukie Road corridor, John Wayne trail or iron horse trail, or for the Columbia Plateau trail south of the Turnbull national wildlife refuge where the scablands nature trail and the Columbia Plateau trail meet and north of the Snake river junction trailhead. Proceeds from these bonds may not be used for any expenditures pertaining to any part of trails acquired by the commission after the effective date of this section.

(3) Proceeds from these bonds may not be used to purchase or acquire any new land.

(4) Bonds authorized in this section shall be sold in the manner, at the time or times, in amounts, and at such prices as the state finance committee shall determine.

(5) No bonds authorized in this section may be offered for sale without prior legislative appropriation of the net proceeds of the sale of the bonds.

(6) The bonds issued under the authority of this section shall be known as Washington's state parks future bonds.

(1) The total anticipated project list to be funded with this chapter, with updates provided each biennia;

(2) A list of the subsequent biennia project proposals including those with completed designs and completed permit submittals;

(3) The accomplishments to date, with projected and actual spending on projects funded by this chapter; and

(4) The overall facility condition index, reflecting changes in condition as expenditures are made.

(2) Bonds issued under this chapter shall state that they are a general obligation of the state of Washington, shall pledge the full faith and credit of the state to the payment of the principal thereof and the interest thereon, and shall contain an unconditional promise to pay the principal and interest as the same shall become due.

(2) The treasurer shall transfer bond proceeds deposited in the state building construction account into the Daniel J. and Nancy Evans state parks preservation account created in section 13 of this act at various times and in various amounts necessary to support authorized expenditures from the account.

(3) The proceeds shall be used exclusively for the purposes identified in section 3 of this act and for the payment of the expenses incurred in connection with the sale and issuance of the bonds.

(2) The legislature intends that the proceeds from the sale of the bonds authorized in section 3 of this act will not be in addition to the proceeds from the sale of bonds authorized by the 2017-2019 bond bill, chapter . . . (Substitute Senate Bill No. 5090), Laws of 2017 and by bills authorizing bond issuance to support future capital budget appropriations.

(2) The state finance committee shall, on or before June 30th of each year, certify to the state treasurer the amount needed in the ensuing twelve months to meet the bond retirement and interest requirements on the bonds authorized in this chapter.

(3) On each date on which any interest or principal and interest payment is due on bonds issued under this chapter, the state treasurer shall withdraw from any general state revenues received in the state treasury and deposit in the debt-limit general fund bond retirement account an amount equal to the amount certified by the state finance committee to be due on the payment date.

(4) The owner and holder of each of the bonds or the trustee for the owner and holder of any of the bonds may by mandamus or other appropriate proceeding require the transfer and payment of funds as directed in this section.

NEW SECTION.  Sec. 12.  This chapter provides a complete, additional, and alternative method for accomplishing the purposes of this chapter and is supplemental and additional to powers conferred by other laws. The issuance of bonds under this chapter shall not be deemed to be the only method to fund projects under this chapter.

NEW SECTION.  Sec. 13.  The Daniel J. and Nancy Evans state parks preservation account is created in the state treasury. Proceeds from the bonds issued under section 3 of this act must be deposited in the account. Moneys in the account may be spent only after appropriation. Expenditures from the account may be used only for those purposes identified in section 3 of this act.

On page 1, line 3 of the title, after "commission;" strike the remainder of the title and insert "and adding a new chapter to Title 79A RCW."

EFFECT: Adds an extra biennium for the effective time frame of the act and provides legislative oversight through reporting requirements of the state parks and recreation commission. Clarifies legislative intent for authorized bonds and actions of the treasurer. Changes the name of the account to the "Daniel J. and Nancy Evans state parks preservation account."