| Passed by the Senate February 25, 2011 YEAS 49 BRAD OWEN ________________________________________ President of the Senate Passed by the House March 25, 2011 YEAS 91 FRANK CHOPP ________________________________________ Speaker of the House of Representatives | I, Thomas Hoemann, Secretary of the Senate of the State of Washington, do hereby certify that the attached is SUBSTITUTE SENATE BILL 5157 as passed by the Senate and the House of Representatives on the dates hereon set forth. THOMAS HOEMANN ________________________________________ Secretary | |
| Approved April 5, 2011, 1:23 p.m. CHRISTINE GREGOIRE ________________________________________ Governor of the State of Washington | April 5, 2011 Secretary of State State of Washington |
| State of Washington | 62nd Legislature | 2011 Regular Session |
READ FIRST TIME 02/04/11.
AN ACT Relating to the operation of foreign trade zones on property adjacent to but outside a port district; and amending RCW 53.08.030.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1 RCW 53.08.030 and 1977 ex.s. c 196 s 7 are each amended to
read as follows:
A district may apply to the United States for permission to
establish, operate, and maintain foreign trade zones: (1) Within the
district; and (2) on property adjacent to but outside the district if
the property is beyond the boundaries of any existing foreign trade
zone grantee and is not currently designated as a foreign trade zone:
PROVIDED, That nothing herein shall be construed to prevent such zones
from being operated and financed by a private corporation(s) on behalf
of such district acting as zone sponsor: PROVIDED FURTHER, That when
the money so raised is to be used exclusively for the purpose of
acquiring land for sites and constructing warehouses, storage plants,
and other facilities to be constructed within the zone for use in the
operation and maintenance of the zones, the district may contract
indebtedness and issue general bonds therefor in an amount, in addition
to the three-fourths of one percent hereinafter fixed, of one percent
of the value of the taxable property in the district, as the term
"value of the taxable property" is defined in RCW 39.36.015, such
additional indebtedness only to be incurred with the assent of three-fifths of the voters of the district voting thereon.