1662-S AMH CB HERZ 0001

SHB 1662 - H COMM AMD ADOPTED 03-13-93

By Committee on Capital Budget

     On page 7, beginning on line 26, strike all material through "1999." on line 32 and insert:

     "((The community economic revitalization board and its powers and duties shall be terminated on June 30, 1993, and shall be subject to the procedures required by chapter 43.131 RCW.  This chapter expires June 30, 1994.  Any remaining duties of the community economic revitalization board after June 30, 1993, regarding repayment of loans made by the community economic revitalization board are transferred to the department of revenue on June 30, 1993.))  The community economic revitalization board shall report to the appropriate standing committees of the legislature by June 30, 1999, on the implementation of this chapter.  The report must include an analysis of the effectiveness of the financial assistance provided under this chapter in accomplishing the objectives outlined in RCW 43.160.010, and a recommendation on whether the program established under this chapter should be continued, modified, or terminated."

EFFECT:  Eliminates the sunset review process and termination of the Community Economic Revitalization Board in 1999.  Requires CERB to report to the Legislature by June 30, 1999, on the effectiveness of the CERB program, and whether the program should be continued, modified, or terminated.