SHB 2192 - H AMDS TO H AMD (H-3327.2/97) 759 ADOPTED 4-25-97

By Representative Van Luven

On page 6, line 14 of the striking amendment, after Acenter.@ strike AThe@ and insert AExcept as provided in subsection (10) of this section, the@

On page 6, after line 31 of the striking amendment, insert the following:

A(10) The master tenant may retain an amount to cover the actual cost of preparing the stadium and exhibition center for activities involving the Olympic Games and world cup soccer. Revenues derived from the operation of the stadium and exhibition center for activities identified in this subsection that exceed the master tenant=s actual costs of preparing, operating, and restoring the stadium and exhibition center must be deposited into the tourism development and promotion account created in section 223 of this act;@

Renumber the remaining subsection consecutively and correct internal references accordingly.

On page 26, after line 34 of the striking amendment, insert the following:

ANEW SECTION. Sec. 223. A new section is added to chapter 43.330 RCW to read as follows:

The tourism development and promotion account is created in the state treasury. All receipts from section 106(10) of this act must be deposited into the account. Moneys in the account may be spent only after appropriation. Expenditures from the account may be used by the department of community, trade, and economic development only for the purposes of promotion of the tourism industry in the state of Washington.@

Correct internal references accordingly and correct the title of the bill.

EFFECT: Allows the master tenant to only retain revenue from Olympic Games and World Cup Soccer activities to cover their actual costs. Amounts above actual costs are used to support statewide tourism development and promotion.