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HOUSE BILL 1846
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AS AMENDED BY THE SENATE
Passed Legislature - 2001 Regular Session
State of Washington 57th Legislature 2001
Regular Session
By
Read first time 02/06/2001. Referred to
Committee on Natural Resources.
Allowing the department
of natural resources to sell or exchange its light industrial property in
Thurston county.
AN ACT Relating to the
exchange or sale and replacement of administrative property owned by the
department of natural resources; and adding new sections to chapter 76.01 RCW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF
WASHINGTON:
NEW SECTION. Sec.
1. A new section is added
to chapter 76.01 RCW to read as follows:
Except as provided in
section 2 of this act, the department of natural resources may sell or exchange
the light industrial facilities and land in Thurston county, known as the Lacey
compound, which was acquired as an administrative site. This land and the
facilities may be sold or exchanged for other lands and facilities in Thurston
county, or counties adjacent to Thurston county, for use as an administrative
site. The property may be exchanged for public or private property. The
department is authorized to accept cash or expend cash from appropriated funds
in order to balance a proposed exchange. Alternatively, the department may
sell the Lacey compound at public auction or under RCW 79.01.009. The sale or
exchange must be for at least market value. Transactions involving the
construction of improvements must be conducted pursuant to Title 39 RCW, as
applicable, and must comply with all other applicable laws and rules. Proceeds
received from the sale or exchange of the Lacey compound must be deposited into
the park land trust revolving fund to be used to acquire a replacement
administrative site. Funds received from the exchange or sale that are not
used to either replace or construct, or both, the administrative site must be
deposited pursuant to RCW 76.01.030 or into the appropriate trust account as
determined by the department.
NEW SECTION. Sec.
2. A new section is added
to chapter 76.01 RCW to read as follows:
Before proceeding with
an exchange or sale of the Lacey compound site, the department of natural
resources shall submit a proposal for an exchange or sale to the office of
financial management for review and approval. The proposal shall include:
(1) A determination of
the ownership by trust of the Lacey compound site;
(2) A determination of
the market value of the Lacey compound site;
(3) A determination of
prospective proportional use of the future site based on function and an
assessment of the financial responsibility for the new site based on the
functional analysis; and
(4) A financing plan
for the future site based on prospective use.
The location of a
future site is subject to the approval of the board of natural resources and
the state capitol committee.
Any
additional funding requirements shall be submitted for approval by the
legislature by January 1, 2002.
