S-1064.1  _______________________________________________

                         SENATE BILL 5608

          _______________________________________________

State of Washington      57th Legislature     2001 Regular Session

By Senators Patterson, Horn, McCaslin and Gardner

Read first time 01/29/2001.  Referred to Committee on State & Local Government.

Authorizing the state treasurer to distribute interest from the local leasehold excise tax account.

    AN ACT Relating to authorizing the state treasurer to distribute interest from the local leasehold excise tax account; and amending RCW 82.29A.090.

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

    Sec. 1.  RCW 82.29A.090 and 1981 2nd ex.s. c 4 s 9 are each amended to read as follows:

(1) Bimonthly the state treasurer shall make distribution from the local leasehold excise tax account to the counties and cities the amount of tax collected on behalf of each county or city.

(2) Earnings accrued through July 31, 2001, shall be disbursed to counties and cities proportionate to the amount of tax collected annually on behalf of each county or city.

(3) After July 31, 2001, bimonthly the state treasurer shall disburse earnings from the local leasehold excise tax account to the counties or cities proportionate to the amount of tax collected on behalf of each county or city.

(4) The state treasurer shall make the distribution under this section without appropriation.

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