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                                                     SENATE BILL 5385

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State of Washington                              53rd Legislature                             1993 Regular Session

By Senators Moore, Newhouse, McAuliffe and Winsley; by request of Department of Licensing

Read first time 01/26/93.  Referred to Committee on Labor & Commerce.

Creating the uniform commercial code fund.

          AN ACT Relating to creating an appropriated uniform commercial code fund; amending RCW 62A.9-409; providing an effective date; and declaring an emergency.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

        Sec. 1.  RCW 62A.9-409 and 1987 c 189 s 6 are each amended to read as follows:

          In relation to Article 62A.9 RCW:

          (1) The department of licensing may by rule prescribe standard filing forms, fees, and uniform procedures for filing with, and obtaining information from, filing officers.  The director shall set fees at a sufficient level to defray the costs of administering the program.  All receipts from fees collected under this title, except fees for services covered under RCW 62A.9-401(1)(a), shall be deposited, beginning July 1, 1993, to the uniform commercial code fund, hereby created in the state treasury.  Moneys in the fund may be spent only after appropriation and may be used only to administer the uniform commercial code program.

          (2) Unless a filing officer has filed with the secretary of state on or before June 1, 1967, his or her certificate that financing statements, as defined in RCW 62A.9-402, will not be accepted by him or her for filing on and after June 12, 1967, such filing officer shall accept such financing statements for filing on and after June 12, 1967.  Financing statements so filed shall be received, marked, indexed, and filed as provided in Title 62A RCW.  The filing fees for filing such statements shall be as provided in Title 62A RCW.

NEW SECTION. Sec. 2.      This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect July 1, 1993.

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