SENATE BILL REPORT
SB 5239
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. |
As of January 28, 2009
Title: An act relating to modifying the definition of "public facilities".
Brief Description: Modifying the definition of "public facilities.".
Sponsors: Senator Hatfield.
Brief History:
Committee Activity: Economic Development, Trade & Innovation: 1/29/09.
SENATE COMMITTEE ON ECONOMIC DEVELOPMENT, TRADE & INNOVATION |
Staff: Jack Brummel (786-7428)
Background: The Community Economic Revitalization Board (CERB) is a statutorily authorized state board charged with financing publicly-owned economic development infrastructure improvements that encourage new business development and expansion in areas where growth is desired. Staffing for CERB is provided by the Department of Community, Trade and Economic Development. The CERB program provides local governments low-interest loans and grants to help finance public facility projects. Assistance is primarily targeted to rural communities.
Counties, cities, towns, port districts, federally recognized Indian tribes, special purpose districts, municipal corporations, and quasi-municipal corporations with economic development purposes are eligible to apply for funds. CERB financing can be used for public facilities including bridges, roads, domestic and industrial water projects, sanitary and storm sewers, and railroad spurs. The definition of public facilities in the CERB statute does not include capital equipment for maritime transportation and harbor maintenance.
Summary of Bill: The definition of public facilities in the CERB statute is amended to include capitalized equipment for maintaining maritime transportation facilities. The value of the equipment must be over $400,000.
Appropriation: None.
Fiscal Note: Not requested.
Committee/Commission/Task Force Created: No.
Effective Date: Ninety days after adjournment of session in which bill is passed.