SHB 1761 -
By Senators Benton, Hobbs
PULLED 04/07/2011
On page 3, after line 25, insert the following:
"(3)(a) By December 1, 2011, annually each December 1st until
December 1, 2014, and December 1st every five years thereafter, each
statewide issuer receiving the notice required by subsection (2) of
this section from an issuer formed or organized under the laws of
another state shall submit a report to the appropriate committees of
the legislature.
(b) Each report under (a) of this subsection must provide, for
annual reports the following information from the previous fiscal year,
and for other reports the following information from each of the
previous fiscal years:
(i) The number of proposed projects for which the statewide issuer
received notice and the information described under subsection (2) of
this section;
(ii) A description of the projects for which notice was submitted;
(iii) The dollar amount of each proposed project;
(iv) The location of each proposed project;
(v) Whether the proposed project was approved by the statewide
issuer; and
(vi) For any project that was not approved by the statewide issuer,
the reasons for the statewide issuer's decision."
EFFECT: Requires each statewide bond issuing authority to document and provide reports to the appropriate committees of the legislature identifying the number of out-of-state bond issuers that have proposed to issue bonds in the state and whether or not such proposals were approved by the statewide bond issuing authority.