7902.E AMH CODY H2279.1

ESB 7902 - H AMD 059 FAILED 2-26-97

By Representative

    On page 6, beginning on line 28, strike all of section 7 and insert the following:

    "NEW SECTION. Sec. 7.  The secretary of state shall submit this act, except sections 8 and 9 of this act, to the people for their adoption and ratification, or rejection, at the next general election to be held in this state, in accordance with Article II, section 1 of the state Constitution and the laws adopted to facilitate its operation.

NEW SECTION. Sec. 8.  If the voters do not adopt and ratify this act, except for this section and section 9 of this act, at the next general election, section 9 of this act takes effect January 1, 1998.  If the voters do adopt and ratify this act, except for this section and section 9 of this act, section 9 of this act is null and void.

NEW SECTION. Sec. 9.  On each June 30th following the effective date of this act, the state treasurer shall deposit one hundred million dollars from the general fund into the health services account.  This transfer is exempt from the provisions of RCW 43.135.035(4)."

    Correct the title accordingly.

EFFECT:  If the voters reject the B & O tax reductions provided in SB 7902, an equivalent amount of revenues will be deposited annually into the Health Services Account.

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