SENATE BILL REPORT

HB 1813

BYRepresentatives Rasmussen, Prince, Basich, Nealey, Grant, Silver, Bristow, Chandler and Crane

Changing the custodian of the revolving fund for the agriculture research facility at the Rainier school farm at Washington State University.

House Committe on Agriculture & Rural Development

Senate Committee on Agriculture

Senate Hearing Date(s):February 19, 1988

Majority Report:  Do pass.

      Signed by Senators Barr, Chairman; Anderson, Vice Chairman; Halsan, Hansen, Rinehart.

Senate Staff:John Stuhlmiller (786-7446)

                  February 19, 1988

AS REPORTED BY COMMITTEE ON AGRICULTURE, FEBRUARY 19, 1988

BACKGROUND:

The Dairy/Forage Facility Revolving Fund for the agricultural research facility at the Rainier school farm at Washington State University (the Buckley Dairy), was inadvertently assigned the State Treasurer as custodian.  Although the treasurer is custodian, monies from the fund are disbursed by WSU.  This is the only WSU fund which falls under the treasurer.

All accounts in the custody of the treasurer must show a positive cash flow on a monthly basis.  For the Buckley dairy, it is difficult to show such figures due to the purchasing of feed and other supplies in large volumes to gain the best price.  On an annual accounting basis the dairy shows a profit, and since WSU accounts are not subject to monthly cash flow constraints, the university would like to become custodian of the fund.

SUMMARY:

The State Treasurer is replaced by the president of Washington State University or the president's designee, as the custodian of the Dairy/Forage Facility Revolving Fund for the agricultural research facility at the Rainier school farm.

Appropriation:    none

Revenue:    none

Fiscal Note:      requested January 29, 1988

Senate Committee - Testified: Representative Rasmussen, prime sponsor (for); Arlen Davison, WSU (for); Marie Wallace, Washington State Dairymen's Federation (for); Bud Norris, WSU (for)