1143-S2.E AMS HARG S2703.1

E2SHB 1143 - S AMD TO HSC COMM AMD (S2543.1) - 376

By Senators Hargrove and Long

                                                   ADOPTED 4/13/99

    On page 2, line 16 of the amendment, after "(7)", strike everything through "savings rate." on line 19

    On page 2, line 20 of the amendment, after "account" insert "created as a result of the plan in section 3 of this act"

    On page 4, after line 36 of the amendment, insert the following:

    "NEW SECTION. Sec. 3.  The secretary of corrections shall prepare a plan for depositing inmate savings account funds into an interest bearing account.  The plan shall assume that the funds shall be deposited into a commingled account for all inmates and that the interest shall be paid in a manner pro rata to the inmate's share of the total deposits.  The secretary shall present the plan to the governor and the legislature not later than December 1, 1999.  The plan shall minimize the costs of administering the account and the inmates shall receive interest at a rate not less than the passbook savings rate."

E2SHB 1143 - S AMD TO HSC COMM AMD (S2543.1) - 376

By Senators Hargrove and Long

                                                   ADOPTED 4/13/99

    On page 5, line 5 of the title amendment, before "amending" strike "and" and after "72.09.111" insert "; and creating a new section"

EFFECT:  Changes requirement that DOC shift inmate savings to an interest bearing account to a requirement that DOC develop a plan for shifting the inmate savings account funds to an interest bearing account.

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