S-3883               _______________________________________________

                                                   SENATE BILL NO. 4953

                        _______________________________________________

State of Washington                              49th Legislature                              1986 Regular Session

By Senators McManus, Zimmerman, Lee and Rasmussen

Read first time 1/24/86 and referred to Committee on Governmental Operations.

AN ACT Relating to obligations of state agencies and institutions; adding a new section to chapter 28B.10 RCW; and adding a new section to chapter 43.17 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:

          Institutions of higher education shall pay all bills no later than their due dates.  If payment is not made on time, interest shall be charged in accordance with the rate established in RCW 19.52.010(1).

NEW SECTION. Sec. 2.  A new section is added to chapter 43.17 RCW to read as follows:

          State agencies shall pay all bills no later than their due dates.  If payment is not made on time, interest shall be charged in accordance with the rate established in RCW 19.52.010(1).