HB 1721-S - DIGEST

(SUBSTITUTED FOR - SEE 2ND SUB)

     Finds that the growth of private enterprise is essential to the health, welfare, and prosperity of the people of the state of Washington, and that government unfairly competes with the private sector when it engages in commercial activities.

     Directs the joint legislative audit and review committee to conduct a performance audit of commercial activities performed by institutions of higher education pursuant to chapter 28B.63 RCW.

     Provides that, by December 1, 1997, the office of financial management shall develop a methodology for reflecting the fully allocated costs of conducting a commercial activity by a state agency or institution of higher education.

     Creates a task force on commercial activities by government.