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SUBSTITUTE
HOUSE BILL 1504
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Passed
Legislature - 1993 Regular Session
State
of Washington 53rd Legislature 1993
Regular Session
By
Read
first time 02/26/93.
Changing the disposition of certain normal school fund revenues.
AN ACT Relating to disposition of certain
normal school fund revenues; amending RCW 28B.35.751 and 43.79.150; and
creating a new section.
BE
IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1.
The legislature finds that Central Washington University, Eastern Washington
University, Western Washington University, and The Evergreen State College are
the state's comprehensive undergraduate institutions and each should share
equally in the benefits derived from lands set apart in the enabling act for
state normal school purposes.
Sec. 2.
RCW 28B.35.751 and 1991 sp.s. c 13 s 95 are each amended to read as follows:
All moneys received from the lease or rental of
lands set apart by the enabling act for state normal schools purposes; all
interest or income arising from the proceeds of the sale of such lands or of
the timber, fallen timber, stone, gravel, or other valuable material thereon,
less the allocation to the state treasurer's service ((account [fund])) fund
pursuant to RCW 43.08.190 and the state investment board expense account
pursuant to RCW 43.33A.160; and all moneys received as interest on deferred
payments on contracts for the sale of such lands, shall from time to time be
paid into the state treasury and credited to the Eastern Washington University,
Central Washington University, Western Washington University and The Evergreen
State College capital projects accounts as herein provided to be expended for
capital projects, and bond retirement purposes as set forth in RCW 28B.35.750,
as now or hereafter amended. Eastern Washington University, Central Washington
University, Western Washington University, and The Evergreen State College
shall be credited with one-fourth of the total amount((: PROVIDED, That
Eastern Washington University, Central Washington University and Western
Washington University shall each be credited with one-third of the total amount
for so long as there remain unpaid and outstanding any bonds which are payable
in whole or in part out of the moneys, interest or income described in this
section)) beginning July 1, 2003. Beginning July 1, 1995, The Evergreen
State College shall receive five percent of the total amount not obligated to
repayment of bonds; Eastern Washington University, Central Washington
University, and Western Washington University shall receive equal amounts of
the remaining amount. Beginning July 1, 1997, The Evergreen State College
shall receive ten percent of the total amount not obligated to repayment of
bonds; Eastern Washington University, Central Washington University, and
Western Washington University shall receive equal amounts of the remaining
amount. Beginning July 1, 1999, The Evergreen State College shall receive
fifteen percent of the total amount not dedicated to repayment of bonds;
Eastern Washington University, Central Washington University, and Western
Washington University shall each receive equal amounts of the remaining
amount. Beginning July 1, 2001, The Evergreen State College shall receive
twenty percent of the total amount not obligated to repayment of bonds; Eastern
Washington University, Central Washington University, and Western Washington
University shall each receive equal amounts of the remaining amount.
Sec. 3.
RCW 43.79.150 and 1977 ex.s. c 169 s 104 are each amended to read as follows:
The one hundred thousand acres of land granted
by the United States government to the state for state normal schools in
section 17 of the enabling act are assigned to the support of the regional
universities, which were formerly the state colleges of education and to The
Evergreen State College.
