HB 1920 -
By Representative Taylor
SCOPE AND OBJECT 04/16/2013
On page 5, after line 35, insert the following:
"Sec. 5 RCW 83.100.230 and 2012 1st sp.s. c 10 s 7 are each
amended to read as follows:
The education legacy trust account is created in the state treasury. Money in the account may be spent only after appropriation. Expenditures from the account may be used only for support of the common schools, and for expanding access to higher education through funding for new enrollments and financial aid, and other educational improvement efforts. Money may not be transferred from the account to the general fund without a favorable vote of at least sixty percent of the members elected to each house of the legislature."
Renumber the remaining sections consecutively, correct any internal references accordingly, and correct the title.
EFFECT: Requires legislative approval of at least sixty percent to transfer money from the education legacy trust account to the general fund.