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                                                   SENATE BILL NO. 5374

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State of Washington                               51st Legislature                              1989 Regular Session

By Senators Cantu, Kreidler, Barr and Stratton; by request of Department of Ecology

Read first time 1/23/89 and referred to Committee on   Environment & Natural Resources.

AN ACT Relating to issuance of public waste disposal general obligation bonds; and amending RCW 43.99F.020.

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

        Sec. 1.  Section 2, chapter 159, Laws of 1980 as amended by section 2, chapter 436, Laws of 1987 and RCW 43.99F.020 are each amended to read as follows:

          For the purpose of providing funds to public bodies for the planning, design, acquisition, construction, and improvement of public waste disposal and management facilities, or for purposes of assisting a public body to obtain an ownership interest in waste disposal and management facilities and/or to defray a part of the payments made by a public body to a service provider under a service agreement entered into pursuant to RCW 70.150.060, in this state, the state finance committee is authorized to issue((, at any time prior to January 1, 1990,)) general obligation bonds of the state of Washington in the sum of four hundred fifty million dollars, or so much thereof as may be required, to finance the improvements defined in this chapter and all costs incidental thereto.  The department may not use or permit the use of any funds derived from the sale of bonds authorized by this chapter for:  (1) the support of a solid waste recycling activity or service in a locale if the department determines that the activity or service is reasonably available to persons within that locale from private enterprise; or (2) the construction of municipal wastewater facilities unless said facilities have been approved by a general purpose unit of local government in accordance with chapter 36.94 RCW, chapter 35.67 RCW, or RCW 56.08.020.  These bonds shall be paid and discharged within thirty years of the date of issuance.  No bonds authorized by this chapter shall be offered for sale without prior legislative appropriation of the proceeds of the bonds to be sold.