3070-S2AMSFAIRS5905.12SHB 3070S AMD400By Senator Fairley Strike everything after the enacting clause and insert thefollowing:Sec. RCW 43.180.160 and 1999 c 131 s 2 are each amended toread as follows: The total amount of outstanding indebtedness of the commission maynot exceed ((three)) four and onehalf billion dollars at any time.The calculation of outstanding indebtedness shall include the initialprincipal amount of an issue and shall not include interest that iseither currently payable or that accrues as a part of the face amountof an issue payable at maturity or earlier redemption. Outstandingindebtedness shall not include notes or bonds as to which theobligation of the commission has been satisfied and discharged byrefunding or for which payment has been provided by reserves orotherwise.2SHB 3070S AMDBy Senator Fairley On page 1, line 1 of the title, after Relating to strike theremainder of the title and insert increasing housing developmentcapacity; and amending RCW 43.180.160.--- END --- Official Print - 1