1795-S2 AMH ANDG REIL 141

2SHB 1795 - H AMD TO H AMD  (H-2744.2/11)  761

By Representative Anderson

WITHDRAWN 05/09/2011

    On page 26 of the proposed striking amendment, after line 10, insert the following:

    "NEW SECTION. Sec. 12.  A new section is added to chapter 82.32 RCW to read as follows:

    Twenty percent of all revenues collected under chapter 82.04 RCW shall be deposited in the education legacy trust account created in RCW 83.100.230.

Sec. 13.  RCW 83.100.230 and 2010 1st sp.s. c 37 s 953 are each amended to read as follows:

    The education legacy trust account is created in the state treasury.  Money in the account may be spent only after appropriation.  Expenditures from the account may be used only for deposit into the *student achievement fund and for higher education, including expanding access to higher education through funding for new enrollments and financial aid, and other educational improvement efforts.  ((During the 2009-2011 fiscal biennium, moneys in the account may also be transferred into the state general fund.))"

    Renumber the remaining sections consecutively and correct internal references accordingly.

EFFECT:  Requires that twenty percent of all revenues from B&O taxes be deposited into the Education Legacy Trust Account for purposes of funding higher education.  Strikes language that was limited to the 2009-11 biennium. 

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