WITHDRAWN 4/24/2005
622
6003.E AMH MCIN MATT 075
ESB 6003 - H AMD TO H COMM AMD [H3057.1]
By Representative McIntire
On page 5 of the amendment, after line 16, insert the following:
"Sec. 6. RCW 82.70.050 and 2003 c 364 s 5 are each amended to read as follows:
(1) (a) The director shall on the 25th of ((February, May,)) August, ((and November of each year)) 2005, advise the state treasurer of the amount of credit taken under RCW 82.70.020 during the preceding calendar quarter ending on the last day of ((December, March,)) June, ((and September, respectively)) 2005.
(((2))) (b) On the last day of ((March, June,)) September, ((and December of each year)) 2005, the state treasurer, based upon information provided by the department, shall deposit to the general fund a sum equal to the dollar amount of the credit provided under RCW 82.70.020 during the calendar quarter ending on the last day of June, 2005, from the multimodal transportation account.
(2)(a) Beginning in fiscal year 2006, the treasurer shall transfer on the first day of July each year from the multimodal transportation account to the general fund an amount equal to the maximum allowable annual credit as provided in RCW 82.70.040(1).
(b)(i) By the 25th of May each year, the director shall advise the treasurer of the amount of credit allowed under RCW 82.70.020 during the current fiscal year, as provided in RCW 82.70.040(1).
(ii) On the last day of June of each year, the treasurer shall transfer from the general fund to the multimodal transportation account an amount equal to the amount in (a) of this subsection less the amount in (b)(i) of this subsection. If the the amount in (a) of this subsection less the amount in (b)(i) of this subsection is zero or a negative number, the treasurer may not make the transfer under this subsection."
Renumber remaining sections consecutively and correct internal references accordingly. Correct the title.
EFFECT: Provides the funding for the commute trip reduction incentives program through a prepayment from the multimodal transportation account to the general fund.