Z-0234.4  _______________________________________________

                         SENATE BILL 5861

          _______________________________________________

State of Washington      57th Legislature     2001 Regular Session

By Senators Fraser, Swecker and T. Sheldon; by request of Department of Natural Resources

Read first time 02/06/2001.  Referred to Committee on State & Local Government.

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 a new section 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:

    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 all or part of the Lacey compound at public auction or under RCW 79.01.009 and use the proceeds to either purchase or construct, or both, administrative site facilities that may include land, improvements, and other capital investments necessary to support a replacement light industrial site.  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.

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