5734-S AMH ANDG MASS 066
SSB 5734 - H AMD 830
By Representative Anderson
WITHDRAWN 4/22/2009
On page 2, after line 28, insert the following:
"Sec. 2. RCW 28B.20.382 and 1999 c 346 s 3 are each amended to read as follows:
(1) ((Until authorized by statute of the legislature,
the board of regents of the university, with respect to the university tract,
shall not sell the land or any part thereof or any improvement thereon, or
lease the land or any part thereof or any improvement thereon or renew or
extend any lease thereof for a term of more than eighty years. Any sale of the
land or any part thereof or any improvement thereon, or any lease or renewal or
extension of any lease of the land or any part thereof or any improvement
thereon for a term of more than eighty years made or attempted to be made by
the board of regents shall be null and void until the same has been approved or
ratified and confirmed by legislative act.))The board of regents of the
university shall sell any property with respect to the university tract that is
not under an existing lease. Whenever existing leases expire the property shall
be sold rather than renewing the lease. The sale shall be done through a
competitive bidding process.
(2) The board of regents shall have power from time to time to lease the land, or any part thereof or any improvement thereon for a term of not more than eighty years. Any and all records, books, accounts, and agreements of any lessee or sublessee under this section, pertaining to compliance with the terms and conditions of such lease or sublease, shall be open to inspection by the board of regents, the ways and means committee of the senate, the appropriations committee of the house of representatives, and the joint legislative audit and review committee or any successor committees. It is not intended that unrelated records, books, accounts, and agreements of lessees, sublessees, or related companies be open to such inspection. The board of regents shall make a full, detailed report of all leases and transactions pertaining to the land or any part thereof or any improvement thereon to the joint legislative audit and review committee, including one copy to the staff of the committee, during odd-numbered years.
(3) The net proceeds from the sale ((or lease ))of
land in the university tract shall first pay any previously incurred debt, and
then((, or any part thereof or any improvement thereon, shall be deposited
into the University of Washington facilities bond retirement account hereby
established outside the state treasury as a nonappropriated local fund to be
used exclusively for the purpose of erecting, altering, maintaining, equipping,
or furnishing buildings at the University of Washington. The board of regents
shall transfer from the University of Washington facilities bond retirement
account to the University of Washington building account under RCW 43.79.080
any funds in excess of amounts reasonably necessary for payment of debt service
in combination with other nonappropriated local funds related to capital
projects for which debt service is required under section 4, chapter 380, Laws
of 1999.))be deposited into the University of Washington metropolitan tract
tuition account hereby established as an appropriated fund to be used
exclusively for tuition support purposes, only for residential undergraduate
and graduate students of the University of Washington. The proceeds from the sale
of any university tract property shall be kept whole at all times. Only revenue
from interest earnings shall be appropriated."
Correct the title.
EFFECT: Directs the University of Washington to sell University Tract property for purposes of tuition support.
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