Washington State House of Representatives Office of Program Research | BILL ANALYSIS |
Technology, Energy & Communications Committee |
HB 2677
This analysis was prepared by non-partisan legislative staff for the use of legislative members in their deliberations. This analysis is not a part of the legislation nor does it constitute a statement of legislative intent. |
Brief Description: Extending the pay back period for certain water conservation loans.
Sponsors: Representatives Chase and Simpson.
Brief Summary of Bill |
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Hearing Date: 1/21/10
Staff: Scott Richards (786-7156).
Background:
Financing of Water Conservation by Municipal Water Distribution Utilities.
Under current Washington laws and within limits established by the State Constitution, any city or town engaged in the sale or distribution of water may assist the owners of structures in financing the acquisition and installation of fixtures, systems, and equipment for the conservation or more efficient use of water.
Owners of structures pay back their loans to the city or town through incremental additions to their utility bill. The pay back period for water conservation loans cannot exceed 120 months.
Financing of Water Conservation by County Water Distribution Utilities.
Under current Washington laws and within limits established by the State Constitution, any county engaged in the sale or distribution of water may assist the owners of structures that are provided water service by the county in financing the acquisition and installation of fixtures, systems, and equipment for the conservation or more efficient use of water.
Owners of structures pay back their loans to the county through incremental additions to their utility bill. The pay back period for water conservation loans cannot exceed 120 months.
Financing of Water Conservation by Water and Sewer Districts.
Under current Washington laws and within limits established by the Constitution of the state of Washington, any water and sewer district may assist the owners of structures in financing the acquisition and installation of fixtures, systems, and equipment for the conservation or more efficient use of water in the structures of the owner.
Owners of structures pay back their loans to the water and sewer district through incremental additions to their utility bill. The pay back period for water conservation loans can not exceed 120 months.
Summary of Bill:
Extension of Loan Pay Back Period for Water Conservation Loans: The pay back period for water conservation loans provided by a municipal water distribution utility, a county water distribution utility, or a water and sewer district is extended from 120 months to 240 months.
Appropriation: None.
Fiscal Note: Not requested.
Effective Date: The bill takes effect 90 days after adjournment of the session in which the bill is passed.