5925 AMH ORR H2582.3
SB 5925 - H AMD TO REV COMM AMD (H-2430.1/93) 655 ADOPTED 4-17-93
By Representative Orr and others
On page 2, after line 17 of the amendment, insert the following:
"Sec. 3. RCW 36.100.030 and 1989 1st ex.s. c 8 s 3 are each amended to read as follows:
A public facilities district is authorized to acquire, construct, own, and operate sports and entertainment facilities with contiguous parking facilities and, upon the approval of the voters of the public facilities district, a regional science education facility may be located in any city or county within a public facilities district which has a population of more than one hundred fifty thousand. A public facilities district may impose charges and fees for the use of its facilities, and may accept and expend or use gifts, grants, and donations. The taxes that are provided for in this chapter may only be imposed for such purposes.
Sec. 4. RCW 36.100.040 and 1989 1st ex.s. c 8 s 4 are each amended to read as follows:
A public facilities
district may impose an excise tax on the sale of or charge made for the
furnishing of lodging by a hotel, rooming house, tourist court, motel, or
trailer camp, and the granting of any similar license to use real property, as
distinguished from the renting or leasing of real property, except that no such
tax may be levied on any premises having fewer than forty lodging units. The
rate of the tax shall not exceed two percent and the proceeds of the tax shall
only be used for the acquisition, design, and construction of ((sports and
entertainment facilities)) all public facilities authorized under RCW
36.100.030. This excise tax shall not be imposed until the district has
approved the proposal to acquire, design, and construct any of the
public facilities authorized under RCW 36.100.030.
Sec. 5. RCW 36.100.060 and 1989 1st ex.s. c 8 s 5 are each amended to read as follows:
(1) To carry out the
purpose of this chapter, a public facilities district may issue general
obligation bonds, not to exceed an amount, together with any outstanding
nonvoter approved general obligation indebtedness, equal to ((three-eighths))
three-fourths of one percent of the value of taxable property within the
district, as the term "value of taxable property" is defined in RCW
39.36.015. A public facilities district additionally may issue general
obligation bonds for capital purposes only, together with any outstanding
general obligation indebtedness, not to exceed an amount equal to one and
one-fourth percent of the value of the taxable property within the district, as
the term "value of taxable property" is defined in RCW 39.36.015,
when authorized by the voters of the public facilities district pursuant to
Article VIII, section 6 of the state Constitution, and to provide for the
retirement thereof by excess property tax levies as provided in this chapter.
(2) General obligation bonds may be issued with a maturity of up to thirty years, and shall be issued and sold in accordance with the provisions of chapter 39.46 RCW.
(3) The general obligation bonds may be payable from the operating revenues of the public facilities district in addition to the tax receipts of the district.
(4) The
excise tax imposed pursuant to RCW 36.100.040 shall terminate upon final
payment of all bonded indebtedness for ((the sports and entertainment
facility)) all public facilities authorized under RCW 36.100.030."
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