WSR 06-11-011

PREPROPOSAL STATEMENT OF INQUIRY

PUBLIC DISCLOSURE COMMISSION


[ Filed May 4, 2006, 1:14 p.m. ]

Subject of Possible Rule Making: Title 390 WAC, new rules relating to limited liability partnerships (LLPs), limited liability companies (LLCs), and/or similar entities, and reporting requirements for the personal financial affairs statements (PDC F-1 forms) pursuant to RCW 42.17.241, conversion of long-standing interpretive statements into rules, amending WAC 390-37-140 to allow for modification renewals to be heard in single commissioner hearings and possible repeal of WAC 390-28-060.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 42.17.370 and 42.17.241(l) [(l)](n).

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The public disclosure commission (PDC) will consider possible new rules and rule amendments to update provisions of F-1 reporting rules including modification procedures. The rules are designed to provide guidance and clarification to the general public and persons subject to the disclosure law.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.

Process for Developing New Rule: At its meeting on June 29, 2006, the commission is expected to discuss and possibly approve draft language on the above referenced rule topic. Public comment will be welcome at this meeting. Interested persons are invited to submit written comments by June 26, 2006, to Doug Ellis, PDC, P.O. Box 40908, Olympia, WA 98504-0908. Written comments received by Monday, June 19, 2006, will be provided to commissioners in advance of the meeting. A formal public hearing is expected to occur later this year.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting the PDC Assistant Director Doug Ellis at P.O. Box 40908, Olympia, WA 98504-0908, (360) 664-2735, toll free 1-877-601-2828, e-mail dellis@pdc.wa.gov.

May 4, 2006

Douglas J. Ellis

Assistant Director

Washington State Code Reviser's Office