SSB 5112 -
By Senators Schoesler, Kohl-Welles
ADOPTED 03/05/2007
On page 2, line 3, after "feet." insert "The auction company shall comply with all other vessel dealer requirements of this chapter and rules adopted under this chapter if the registration fees established in WAC 308-90-080 and RCW 88.02.060 are waived."
On page 5, line 32, after "auctions." insert "The auction company shall comply with the vessel dealer requirements of chapter 88.02 RCW and rules adopted under chapter 88.02 RCW if the bonding provisions of RCW 18.11.121, when in force, replace the bonding provisions of RCW 88.02.060."
EFFECT: Clarifies that auction companies are exempt from the registration requirements of chapter 88.02 RCW, but must comply with the other requirements of that chapter. The licensing fees are waived and clarifies that an auction company must be bonded under RCW 18.11.121 to waive the bonding requirements under chapter 88.02 RCW.