1192 AMS SELL S2807.1
HB 1192 - S AMD TO CTHF COMM AMD (S-2570.1/99) - 422
By Senator Sellar
ADOPTED 4/16/99
On page 3, after line 39 of the amendment, insert the following:
"Sec. 2. RCW 39.36.020 and 1994 c 277 s 1 are each amended to read as follows:
(1) Except as otherwise expressly provided by law or in subsections (2), (3) and (4) of this section, no taxing district shall for any purpose become indebted in any manner to an amount exceeding three‑eighths of one percent of the value of the taxable property in such taxing district without the assent of three‑fifths of the voters therein voting at an election to be held for that purpose, nor in cases requiring such assent shall the total indebtedness incurred at any time exceed one and one-fourth percent on the value of the taxable property therein.
(2)(a)(i) Public hospital districts are limited to an indebtedness amount not exceeding three-fourths of one percent of the value of the taxable property in such public hospital districts without the assent of three-fifths of the voters therein voting at an election held for that purpose.
(ii) Counties, cities, and towns are limited to an indebtedness amount not exceeding one and one-half percent of the value of the taxable property in such counties, cities, or towns without the assent of three-fifths of the voters therein voting at an election held for that purpose.
(b) In cases requiring such assent counties, cities, towns, and public hospital districts are limited to a total indebtedness of two and one-half percent of the value of the taxable property therein. However, any county that has assumed the rights, powers, functions, and obligations of a metropolitan municipal corporation under chapter 36.56 RCW may become indebted to a larger amount for its authorized metropolitan functions, as provided under chapter 35.58 RCW, but not exceeding an additional three-fourths of one percent of the value of the taxable property in the county without the assent of three-fifths of the voters therein voting at an election held for that purpose, and in cases requiring such assent not exceeding an additional two and one-half percent of the value of the taxable property in the county.
(3) School districts are limited to an indebtedness amount not exceeding three-eighths of one percent of the value of the taxable property in such district without the assent of three‑fifths of the voters therein voting at an election held for that purpose. In cases requiring such assent school districts are limited to a total indebtedness of two and one-half percent of the value of the taxable property therein.
(4)
No part of the indebtedness allowed in this chapter shall be incurred for any
purpose other than strictly county, city, town, school district, township, port
district, metropolitan park district, or other municipal purposes: PROVIDED,
That a city or town, with such assent, may become indebted to a larger amount,
but not exceeding two and one-half percent additional, determined as herein
provided, for supplying such city or town with water, artificial light, and
sewers, when the works for supplying such water, light, and sewers shall be
owned and controlled by the city or town; and a city or town, with such assent,
may become indebted to a larger amount, but not exceeding two and one-half
percent additional for acquiring or developing open space ((and)),
park facilities, and capital facilities associated with economic development:
PROVIDED FURTHER, That any school district may become indebted to a larger
amount but not exceeding two and one-half percent additional for capital outlays.
(5) Such indebtedness may be authorized in any total amount in one or more propositions and the amount of such authorization may exceed the amount of indebtedness which could then lawfully be incurred. Such indebtedness may be incurred in one or more series of bonds from time to time out of such authorization but at no time shall the total general indebtedness of any taxing district exceed the above limitation.
The term "value of the taxable property" as used in this section shall have the meaning set forth in RCW 39.36.015.
NEW SECTION. Sec. 3. A new section is added to chapter 39.36 RCW to read as follows:
A city or town seeking voter approval to increase its total indebtedness above two and one-half percent of the value of the taxable property therein for purposes of acquiring or developing capital facilities associated with economic development as provided in RCW 39.36.020 shall notify the Washington economic development finance authority created under RCW 43.163.020 at least thirty days prior to the election held for the purpose of obtaining such assent."
Renumber the remaining section consecutively and correct internal references accordingly.
HB 1192 - S AMD TO CTHF COMM AMD (S-2570.1/99) - 422
By Senator Sellar
ADOPTED 4/16/99
On page 4, line 9 of the title amendment, before "reenacting" insert "amending RCW 39.36.020;"
On page 4, line 10 of the title amendment, after "43.163.010;" insert "adding a new section to chapter 39.36 RCW;"
EFFECT: Allows a city or town, with the assent of three-fifths of the voters, to increase its total indebtedness above two and one-half percent, but not more than an additional two and one-half percent, for purposes of acquiring or developing capital facilities associated with economic development. Requires the city or town to notify the Washington Economic Development and Finance Authority at least thirty days prior to the election held for the purpose of obtaining such assent.
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