| HB 1167.E - DIGEST |
| (DIGEST AS ENACTED) |
Authorizes the state treasurer to reduce to zero the effective interest rate the state receives on certificate of deposits. |
| VETO MESSAGE ON EHB 1167 |
| May 7, 2009 |
| To the Honorable Speaker and Members, |
| The House of Representatives of the State of Washington |
| Ladies and Gentlemen: |
| I have approved, except for Sections 1 and 2, Engrossed House Bill 1167 entitled: |
"AN ACT Relating to the linked deposit program." |
| Sections 1 and 2 would have created a new obligation to produce a report by the Office of Minority and Women's Business Enterprises. While I support the aim of identifying ways the linked deposit program can be improved and how small businesses can access capital more readily, this bill places a large, unfunded financial burden on a small agency during very tough budget times. For this reason, I have vetoed Sections 1 and 2 of Engrossed House Bill 1167. |
| With the exception of Sections 1 and 2, Engrossed House Bill 1167 is approved. |
| Respectfully submitted, |
| Christine Gregoire |
| Governor |