H-3669              _______________________________________________

                                                   HOUSE BILL NO. 1528

                        _______________________________________________

State of Washington                              49th Legislature                              1986 Regular Session

By Representatives Appelwick, Jacobsen, Fisher and Barnes

Read first time 1/17/86 and referred to Committee on Constitution, Elections & Ethics.

AN ACT Relating to reporting of campaign contribution pledges; and adding a new section to chapter 42.17 RCW.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 42.17 RCW to read as follows:

          (1) Any pledge of a contribution that has not resulted in an actual contribution within thirty days after the date payment was promised may be deemed an uncollectible pledge and may be removed from the financial accounts and public disclosure reports of the reporting entity.

          (2) A pledge of a contribution is exempt from the aggregate amount reporting requirement until such time as the pledge is liquidated.