CERTIFICATION OF ENROLLMENT
SENATE
BILL 5567
Chapter 19, Laws of 1999
56th Legislature
1999 Regular Session
FEDERAL PAYMENTS TO COUNTIES
TO REDUCE SCHOOL DEBT
EFFECTIVE DATE: 7/25/99
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Passed by the Senate March 10,
1999
YEAS 47 NAYS 0
 BRAD
OWEN
President of the Senate
Passed by the House April 6, 1999
YEAS 93 NAYS 0
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CERTIFICATE
I, Tony M. Cook, Secretary of the Senate of the State of Washington,
do hereby certify that the attached is SENATE BILL 5567 as passed by
the Senate and the House of Representatives on the dates hereon set forth.
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CLYDE BALLARD
Speaker of the
House of Representatives
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 TONY M. COOK
Secretary
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FRANK CHOPP
Speaker of the
House of Representatives
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Approved April 15, 1999 Place Style On
Codes above, and Style Off Codes below.
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FILED
April 15, 1999 - 3:51 p.m.
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GARY LOCKE
Governor of the State of Washington
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Secretary of State
State of Washington
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_______________________________________________
SENATE
BILL 5567
_______________________________________________
Passed
Legislature - 1999 Regular Session
State
of Washington 56th Legislature 1999 Regular Session
By
Read
first time 01/28/1999. Referred to Committee on State & Local Government.
Using federal funds to reduce the outstanding debt of
school districts within counties.
AN
ACT Relating to federal payments used to reduce the outstanding debt of school
districts within counties; and adding a new section to chapter 36.01 RCW.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW
SECTION. Sec. 1. A
new section is added to chapter 36.01 RCW to read as follows:
The
county legislative authority of any county that receives payment in lieu of
taxes and payment equal to tax funds from the United States department of
energy under section 168 of the federal atomic energy act of 1954 and nuclear
waste policy act of 1982 and that has an agreed settlement or a joint
stipulation dated before January 1, 1998, which agreed settlement or joint
stipulation includes funds designated for state schools, may direct the county
treasurer to distribute those designated funds to reduce the outstanding debt
of the school districts within the county. Any such funds shall be divided
among the school districts based upon the same percentages that each district's
current assessed valuation is of the total assessed value for all eligible school
districts if the district has outstanding debt that equals or exceeds the
amount of its distribution. If the district does not have outstanding debt
that equals or exceeds the amount of its distribution, any amount above the
outstanding debt shall be reallocated to the remaining eligible districts. Any
funds received before January 1, 1999, shall be distributed using the
percentages calculated for 1998. The county treasurer shall apply the funds to
any outstanding debt obligation selected by the respective school districts.
Passed the Senate March 10, 1999.
Passed the House April 6, 1999.
Approved by the Governor
April 15, 1999.
Filed
in Office of Secretary of State April 15, 1999.