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HOUSE BILL 1809
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AS AMENDED BY THE SENATE
Passed Legislature - 1993 Regular Session
State of Washington 53rd Legislature 1993
Regular Session
By
Read first time 02/10/93. Referred to Committee
on Natural Resources & Parks.
Permitting the pooling of department
of natural resources trust management accounts.
AN ACT Relating to
authorization of the pooling of trust management accounts; amending RCW
79.64.020 and 79.64.030; and providing an effective date.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF
WASHINGTON:
Sec. 1. RCW 79.64.020 and 1985 c
57 s 80 are each amended to read as follows:
A resource management
cost account in the state treasury is hereby created to be used solely for the
purpose of defraying the costs and expenses necessarily incurred by the
department in managing and administering public lands and the making and
administering of leases, sales, contracts, licenses, permits, easements, and
rights of way as authorized under the provisions of this title. Appropriations
from the account to the department shall be expended for no other purposes.
Funds in the account may be appropriated or transferred by the legislature for
the benefit of all of the trusts from which the funds were
derived.
Sec. 2. RCW 79.64.030 and 1988 c
70 s 4 are each amended to read as follows:
Funds in the account
derived from the gross proceeds of leases, sales, contracts, licenses, permits,
easements, and rights of way issued by the department and affecting school
lands, university lands, agricultural college lands, scientific school lands,
normal school lands, capitol building lands, or institutional lands shall be pooled
and expended by the department solely for the purpose of defraying the
costs and expenses necessarily incurred in managing and administering ((public
lands of the same trust: PROVIDED, That)) all of the trust lands
enumerated in this section. Such funds may be used for similar costs and
expenses in managing and administering other lands managed by the department((:
PROVIDED FURTHER,)) provided that such expenditures that have been
or may be made on such other lands shall be repaid to the resource management
cost account together with interest at a rate determined by the board of
natural resources.
An accounting shall be
made annually of the accrued expenditures ((as regards each)) from
the pooled trust funds in the account. In the event the accounting
determines that expenditures have been made from moneys derived from ((one
category of)) trust lands for the benefit of ((another trust or))
other lands, such expenditure shall be considered a debt ((against the trust
benefited)) and ((shall be considered)) an encumbrance against the
property ((of the trust or trust funds)) benefited, including property
held under chapter 76.12 RCW. The results of the accounting shall be reported
to the legislature at the next regular session. The state treasurer is
authorized, upon request of the department, to transfer funds between the
forest development account and the resource management cost account solely for
purpose of repaying loans pursuant to this section.
NEW
SECTION. Sec. 3. This act shall take
effect July 1, 1994.
