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ENGROSSED
SENATE BILL 6028
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Passed
Legislature - 1992 Regular Session
State of Washington 52nd
Legislature 1992 Regular Session
Read first time 01/13/92.
Referred to Committee on Agriculture & Water Resources.Authorizing cities and towns to issue revenue bonds for
financing water conservation programs.
AN ACT
Relating to municipal water conservation programs; amending RCW 35.92.105; and
adding new sections to chapter 36.94 RCW.
BE IT ENACTED BY THE LEGISLATURE
OF THE STATE OF WASHINGTON:
Sec.
1. RCW
35.92.105 and 1981 c 273 s 1 are each amended to read as follows:
A city
or town engaged in the sale or distribution of water or energy may issue
revenue bonds ((or)), warrants, or other evidences of
indebtedness in the manner provided by this chapter for the purpose of
defraying the cost of financing programs for the conservation or more efficient
use of energy or water. The bonds ((or)), warrants, or
other evidences of indebtedness shall be deemed to be for capital purposes
within the meaning of the uniform system of accounts for municipal
corporations.
NEW
SECTION. Sec. 2. A new
section is added to chapter 36.94 RCW to read as follows:
A
county engaged in the sale or distribution of water may issue revenue bonds, or
other evidence of indebtedness in the manner provided by this chapter for the
purpose of defraying the cost of financing programs for the conservation or
more efficient use of water. The bonds or other evidence of indebtedness shall
be deemed to be for capital purposes.
NEW
SECTION. Sec. 3. A new
section is added to chapter 36.94 RCW to read as follows:
Any
county engaged in the sale or distribution of water is hereby authorized,
within limits established by the Constitution of the state of Washington, to
assist the owners of structures that are provided water service by the county
in financing the acquisition and installation of fixtures, systems, and
equipment, for compensation or otherwise, for the conservation or more
efficient use of water in the structures under a water conservation plan
adopted by the county if the cost per unit of water saved or conserved by the
use of the fixtures, systems, and equipment is less than the cost per unit of
water supplied by the next least costly new water source available to the
county to meet future demand. Except where otherwise authorized, assistance
shall be limited to:
(1)
Providing an inspection of the structure, either directly or through one or
more inspectors under contract, to determine and inform the owner of the
estimated cost of purchasing and installing conservation fixtures, systems, and
equipment for which financial assistance will be approved and the estimated
life cycle savings to the water system and the consumer that are likely to
result from the installation of the fixtures, systems, or equipment;
(2)
Providing a list of businesses that sell and install the fixtures, systems, and
equipment within or in close proximity to the service area of the county, each
of which businesses shall have requested to be included and shall have the
ability to provide the products in a workmanlike manner and to utilize the
fixtures, systems, and equipment in accordance with the prevailing national
standards;
(3)
Arranging to have approved conservation fixtures, systems, and equipment
installed by a private contractor whose bid is acceptable to the owner of the
structure and verifying the installation; and
(4)
Arranging or providing financing for the purchase and installation of approved
conservation fixtures, systems, and equipment. The fixtures, systems, and
equipment shall be purchased or installed by a private business, the owner, or
the utility.
Pay
back shall be in the form of incremental additions to the utility bill, billed
either together with use charge or separately. Loans shall not exceed one
hundred twenty months in length.
