S-3892

S-3892.2 _______________________________________________

SUBSTITUTE SENATE BILL 6495

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State of Washington 57th Legislature 2002 Regular Session

By Senate Committee on State & Local Government (originally sponsored by Senators Kline, Thibaudeau, Long and McCaslin)

READ FIRST TIME 02/05/2002.

AN ACT Relating to the joint funding of municipal projects by public agencies; adding a new section to chapter 39.34 RCW; and creating a new section.

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

NEW SECTION. Sec. 1. It is the intent of the legislature to encourage cooperation between and among public agencies to stimulate economic development. The joint investment of funds by these agencies in public infrastructure of local and regional significance can induce private investment and stimulate economic activity that will produce tax revenues to these agencies. It is not necessary for a public agency to be authorized to perform a particular governmental service, activity, or undertaking for it to benefit from its public infrastructure funding of the service, activity, or undertaking performed by another public agency.

NEW SECTION. Sec. 2. A new section is added to chapter 39.34 RCW to read as follows:

Any one or more public agencies may contract with any one or more other public agencies for the performance of a government service, activity, or undertaking involving public infrastructure of local and regional significance that the contracting party which is to perform the service, activity, or undertaking is authorized by law to perform, as long as the contract is in writing and approved by the governing body of each party. The contract must (1) contain a finding that any public agency contributing funds pursuant to the public infrastructure contract, but not authorized to perform the undertaking itself, is reasonably likely to recover its investment through the collection of taxes resulting from the economic activity expected to occur from the public investment; and (2) set forth fully the purposes, powers, rights, objectives, and responsibilities of the contracting parties.