BILL REQ. #: H-2385.1

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SUBSTITUTE HOUSE BILL 1914
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State of Washington

61st Legislature

2009 Regular Session

By House Education Appropriations (originally sponsored by Representatives Sullivan, Kenney, Simpson, and Nelson)

READ FIRST TIME 03/02/09.

AN ACT Relating to the use of certificates of participation to finance maintenance and operations of institutions of higher education; and adding a new section to chapter 28B.10 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1 A new section is added to chapter 28B.10 RCW to read as follows:
The state board for community and technical colleges shall receive state operating funds for maintenance and operations on instructional space financed through certificates of participation under chapter 39.94 RCW to the same extent state funding would be provided if the space were financed using state bonds. This section applies to any current or future facility financed by a certificate of participation and for which the legislature has approved the financing contracts for the facility per RCW 39.94.040.

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