2SHB 3070 -
By Senators Fairley, Benson
ADOPTED 02/28/2006
Strike everything after the enacting clause and insert the following:
"Sec. 1 RCW 43.180.160 and 1999 c 131 s 2 are each amended to
read as follows:
The total amount of outstanding indebtedness of the commission may
not exceed ((three)) five billion dollars at any time. The calculation
of outstanding indebtedness shall include the initial principal amount
of an issue and shall not include interest that is either currently
payable or that accrues as a part of the face amount of an issue
payable at maturity or earlier redemption. Outstanding indebtedness
shall not include notes or bonds as to which the obligation of the
commission has been satisfied and discharged by refunding or for which
payment has been provided by reserves or otherwise."
2SHB 3070 -
By Senators Fairley, Benson
ADOPTED 02/28/2006
On page 1, line 1 of the title, after "Relating to" strike the remainder of the title and insert "increasing housing development capacity; and amending RCW 43.180.160."