S-4553               _______________________________________________

                                         SUBSTITUTE SENATE BILL NO. 6155

                        _______________________________________________

State of Washington                              50th Legislature                              1988 Regular Session

By Senate Committee on Education (originally sponsored by Senators Bailey, Craswell, Johnson and Barr)

Read first time 1/29/88.

AN ACT Relating to school construction; amending RCW 67.70.240; adding a new section to chapter 67.70 RCW; and providing an effective date.

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

        Sec. 1.  Section 24, chapter 7, Laws of 1982 2nd ex. sess. as last amended by section 7, chapter 513, Laws of 1987 and RCW 67.70.240 are each amended to read as follows:

          The moneys in the state lottery account shall be used only:  (1) For the payment of prizes to the holders of winning lottery tickets or shares; (2) for purposes of making deposits into the reserve account created by RCW 67.70.250 and into the lottery administrative account created by RCW 67.70.260;  (3) for purposes of making deposits into the state's general fund; (4) ((for purposes of making deposits into the housing trust fund under the provisions of section 7 of this 1987 act; (5))) for purposes of making deposits into the common school construction fund established under Article IX, section 3 of the state Constitution; (5) for purposes of making deposits into the permanent common school fund established under Article IX, section 3 of the state Constitution; (6) for the purchase and promotion of lottery games and game-related services; and (((6))) (7) for the payment of agent compensation.

          The office of financial management shall require the allotment of all expenses paid from the account and shall report to the ways and means committees of the senate and house of representatives any changes in the allotments.

NEW SECTION. Sec. 2.  A new section is added to chapter 67.70 RCW to read as follows:

          (1) Beginning July 1, 1989, twenty-five percent of the funds deposited into the state general fund by transfer from the state lottery account shall be transferred annually into the common school construction fund in the following manner:

          (a) Eighty percent of the amount transferred pursuant to this section shall be deposited into the common school construction fund; and

          (b) Twenty percent of the amount transferred pursuant to this section shall be deposited into the permanent common school fund.    (2) Beginning July 1, 1991, fifty percent of the funds deposited into the state general fund by transfer from the state lottery account shall be transferred annually into the common school construction fund in the same manner described in subsections (1)(a) and (b) of this section.

          (3) Beginning July 1, 1993, seventy-five percent of the funds deposited into the state general fund by transfer from the state lottery account shall be transferred annually into the common school construction fund in the same manner described in subsections (1)(a) and (b) of this section.

NEW SECTION. Sec. 3.     This act shall take effect July 1, 1989.