BE IT RESOLVED, BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE STATE OF WASHINGTON, IN LEGISLATIVE SESSION ASSEMBLED:

THAT, At the next general election to be held in this state the secretary of state shall submit to the qualified voters of the state for their approval and ratification, or rejection, an amendment to Article VIII of the Constitution of the state of Washington by adding a new section to read as follows:

Article VIII, section . . .. (a) A public works revolving trust account shall be established and maintained in the state treasury.

(b) All moneys received from local governments in the repayment of loans made from moneys appropriated from the public works assistance account and the public works revolving trust account shall be paid into the public works revolving trust account.

(c) Moneys may be withdrawn and appropriated from the public works revolving trust account only to provide loans and grants to local governments for public works projects.

(d) As used in this section, "local governments" means cities, towns, counties, political subdivisions of the state, and any other municipal corporations or quasi municipal corporations in the state excluding school districts and port districts.

(e) As used in this section, "public works projects" means a project of a local government for the planning, acquisition, construction, repair, reconstruction, replacement, rehabilitation, or improvement of streets and roads, bridges, water systems, storm and sanitary sewage systems, lead remediation of drinking water systems, and solid waste facilities, including recycling facilities and composting and other organic materials management facilities, or other public works uses as the legislature, in consultation with the public works board or its successor, may direct.

BE IT FURTHER RESOLVED, That the secretary of state shall cause notice of the foregoing constitutional amendment to be published at least four times during the four weeks next preceding the election in every legal newspaper in the state.