H-4857.1          _______________________________________________

                            SUBSTITUTE HOUSE BILL 2892

                  _______________________________________________

State of Washington              54th Legislature             1996 Regular Session

By House Committee on Trade & Economic Development (originally sponsored by Representatives Van Luven, Ogden and Ballasiotes)

Read first time 02/02/96. 

Providing for optional county funding for the state convention and trade center.

     AN ACT Relating to optional county funding for the state convention and trade center; and adding a new section to chapter 67.28 RCW.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 67.28 RCW to read as follows:

     If, under RCW 67.28.180(2)(b), a county is exempt from RCW 67.28.180(2)(a), then if the county, by June 30, 1997, pays at least seven million five hundred thousand dollars to the state convention and trade center for the purpose of paying part of the costs of the expansion of the state convention and trade center authorized in chapter 386, Laws of 1995, the county continues to be exempt from RCW 67.28.180(2)(a) until the date on which the principal and interest of all certificates of participation or bonds issued by the county or the state in connection with the expansion of the state convention and trade center, or bonds issued to refund those bonds, have been paid in full.  The moneys collected by the county under the authority of RCW 67.28.180(1) may be used only for the purposes specified in RCW 67.28.180.

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