HOUSE BILL REPORT

                 SSB 5596

             As Reported By House Committee On:

                      State Government

Title:  An act relating to warrants redeemed by the state treasurer.

Brief Description:  Destroying redeemed warrants.

Sponsors:  Senate Committee on Government Operations (originally sponsored by Senator Loveland; by request of State Treasurer).

Brief History:

  Reported by House Committee on:

State Government, March 31, 1993, DP.

HOUSE COMMITTEE ON STATE GOVERNMENT

Majority Report:  Do pass.  Signed by 9 members:  Representatives Anderson, Chair; Veloria, Vice Chair; Reams, Ranking Minority Member; Vance, Assistant Ranking Minority Member; Campbell; Conway; Dyer; King; and Pruitt.

Staff:  Kenneth Hirst (786-7105).

Background:  State treasury warrants that have been redeemed by the state treasurer must be retained for a period of two years.  After that period, they may be destroyed.

Summary of Bill:  State treasury warrants that have been redeemed by the state treasurer must be retained for a period of one year.

Fiscal Note:  Not requested.

Effective Date:  Ninety days after adjournment of session in which bill is passed.

Testimony For:  None.

Testimony Against:  None.

Witnesses:  None.