CERTIFICATION OF ENROLLMENT

 

                        HOUSE BILL 2765

 

 

                   Chapter 181, Laws of 2000

 

 

                        56th Legislature

                      2000 Regular Session

 

 

PORT DISTRICTS--REVENUE BONDS

 

 

 

                    EFFECTIVE DATE:  6/8/00

Passed by the House February 9, 2000

  Yeas 91   Nays 6

 

 

             CLYDE BALLARD

Speaker of the House of Representatives

     

 

 

              FRANK CHOPP

Speaker of the House of Representatives

 

 

 

Passed by the Senate February 29, 2000

  Yeas 42   Nays 3

             CERTIFICATE

 

We, Timothy A. Martin and Cynthia Zehnder, Co-Chief Clerks of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 2765  as passed by the House of Representatives and the Senate on the dates hereon set forth.

 

 

 

          TIMOTHY A. MARTIN

                          Chief Clerk

 

 

           CYNTHIA ZEHNDER

                          Chief Clerk

               BRAD OWEN

President of the Senate

 

 

 

Approved March 27, 2000 Place Style On Codes above, and Style Off Codes below.           

                                FILED                

 

           March 27, 2000 - 4:59 p.m.

 

              GARY LOCKE

Governor of the State of Washington

                 Secretary of State

                 State of Washington


          _______________________________________________

 

                          HOUSE BILL 2765

          _______________________________________________

 

             Passed Legislature - 2000 Regular Session

 

State of Washington      56th Legislature     2000 Regular Session

 

By Representatives McIntire, Mulliken, Wensman, Fisher, Ogden and Edwards

 

Read first time 01/20/2000.  Referred to Committee on Local Government.

Authorizing delegation of authority regarding revenue bonds for port districts. 


    AN ACT Relating to port district revenue bonds; and amending RCW 53.40.030.

 

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

 

    Sec. 1.  RCW 53.40.030 and 1983 c 167 s 137 are each amended to read as follows:

    (1) The port commission shall determine the form, conditions, and denominations of all such bonds, the maturity date or dates which the bonds so sold shall bear, and the interest rate or rates thereon.  It shall not be necessary that all bonds of the same authorized issue bear the same interest rate or rates.  Principal and interest of the bonds shall be payable at such place or places as may be fixed and determined by the port commission.  The bonds may contain provisions for registration thereof as to principal only or as to both principal and interest as provided in RCW 39.46.030.  The bonds shall have interest payable at such time or times as may be determined by the port commission and in such amounts as it may prescribe.  The port commission may provide for retirement of bonds issued under this chapter at any time or times prior to their maturity, and in such manner and upon the payment of such premiums as may be fixed and determined by resolution of the port commission.  The port commission may delegate authority to the chief executive officer of the port to approve the interest rate or rates, maturity date or dates, redemption rights, interest payment dates, and principal maturities under such terms and conditions approved by resolution of the port commission.

    (2) Notwithstanding subsection (1) of this section, such bonds may be issued and sold in accordance with chapter 39.46 RCW.


    Passed the House February 9, 2000.

    Passed the Senate February 29, 2000.

Approved by the Governor March 27, 2000.

    Filed in Office of Secretary of State March 27, 2000.