H-3875.1 _______________________________________________
HOUSE JOINT RESOLUTION 4236
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State of Washington 52nd Legislature 1992 Regular Session
By Representatives Wineberry, Nelson, Leonard, Ogden, Franklin, Ferguson, Jones and Anderson
Read first time 01/23/92. Referred to Committee on Housing.
BE IT RESOLVED, BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE STATE OF WASHINGTON, IN LEGISLATIVE SESSION ASSEMBLED:
THAT, At the next general election to be held in this state there shall be submitted to the qualified voters of the state for their approval and ratification, or rejection, an amendment to Article VIII of the Constitution of the state of Washington by adding a new section to read as follows:
Article VIII, section ... . Notwithstanding the provisions of section 5 of this Article, any county, city, or town may, as authorized by the legislature, use public moneys or credit to assist first-time homebuyers in financing the acquisition of a home. Except as provided in section 7 of this Article, an appropriate charge back shall be made for such extension of public moneys or credit and the same shall be a lien against the structure benefited. Any financing authorized by this Article shall be used only to assist in the purchase of the principal residence of the first-time homebuyer and shall not be used for any other purpose. The legislature may place such restrictions and conditions upon the granting of assistance to first-time homebuyers as it deems proper. Restrictions and conditions may include, but are not limited to, limiting the financial assistance authorized under this section to first-time homebuyers whose income is below a specific level and who fulfill certain minimum residential requirements.
BE IT FURTHER RESOLVED, That the secretary of state shall cause notice of the foregoing constitutional amendment to be published at least four times during the four weeks next preceding the election in every legal newspaper in the state.