S-0170.1  _______________________________________________

                         SENATE BILL 5043

          _______________________________________________

State of Washington      56th Legislature     1999 Regular Session

By Senator Hale

Read first time 01/11/1999.  Referred to Committee on Ways & Means.

Extending the expiration date of the Hanford sublease rent account.

    AN ACT Relating to extending the expiration date of the Hanford sublease rent account; amending RCW 43.31.207; and providing an expiration date.

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

    Sec. 1.  RCW 43.31.207 and 1992 c 228 s 3 are each amended to read as follows:

    (1) The Hanford sublease rent account is hereby created in the state treasury.  Moneys in the account may be spent only after appropriation and only for the following purposes:

    (a) To promote the existence of the lease between the state of Washington and the federal government executed September 10, 1964, covering one thousand acres of land lying within the Hanford reservation near Richland, Washington;

    (b) To promote development of the leased land and nuclear-related industry in the Tri-Cities area, in accordance with the terms of the lease; and

    (c) To execute any new sublease agreements that meet the terms of the lease.

    (2) Sources for this account shall include:

    (a) Any rent payments from subleases of the site; and

    (b) Other funding from federal, state, and local agencies.

    (3) Nothing in this section shall affect any agreements or contracts related to sublease rental payments in effect as of June 11, 1992.

    (4) This section expires on June 30, ((1999)) 2009.

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