_______________________________________________

                     ENGROSSED HOUSE BILL 2302

          _______________________________________________

State of Washington      55th Legislature     1998 Regular Session

By Representatives Honeyford, Lisk, Wolfe, Scott, Gardner and Hankins

Prefiled 12/24/97.  Read first time 01/12/98.  Referred to Committee on Government Administration.

Authorizing counties that hold money in trust for school purposes to distribute the money to school districts.  

    AN ACT Relating to moneys held by a county in trust for school districts; adding a new section to chapter 36.01 RCW; and repealing an act for the protection of the Joshua Brown school fund on pages 219 through 223, Laws of 1875.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 36.01 RCW to read as follows:

    Any county authorized by territorial law to administer moneys held in trust for the benefit of school districts within the county, which moneys were bequeathed for such purposes by testamentary provision, may dissolve any trust, the corpus of which does not exceed fifty thousand dollars, and distribute any moneys remaining in the trust to school districts within the county.  Before dissolving the trust, the county must adopt a resolution finding that conditions have changed and it is no longer feasible for the county to administer the trust.

NEW SECTION. Sec. 2.  An act for the protection of the Joshua Brown school fund, pages 219 through 223, Laws of 1875, are each repealed.

                            --- END ---