SENATE BILL REPORT

SB 5424

BYSenators Owen, McDonald and DeJarnatt

Revising the use of proceeds from the sale or lease of aquatic lands.

Senate Committee on Natural Resources

Senate Hearing Date(s):February 24, 1987; February 25, 1987

Majority Report:  Do pass and refer to Committee on Ways & Means.

      Signed by Senators Owen, Chairman; DeJarnatt, Vice Chairman; Barr, Conner, Craswell, McDonald, Patterson.

Senate Staff:Ross Antipa (786-7413)

                  February 25, 1987

AS REPORTED BY COMMITTEE ON NATURAL RESOURCES, FEBRUARY 25, 1987

BACKGROUND:

Net revenue from the sale or lease of state-owned aquatic lands is distributed into two accounts:  40 percent into the aquatic land enhancement account and 60 percent into the capitol purchase and development account.

There is considerable demand for more revenue to support projects funded by the aquatic land enhancement account, such as:  purchase and improvement of aquatic lands, public access, and volunteer fish and game cooperative projects.

SUMMARY:

All net revenues from the management of state-owned aquatic lands are divided between amounts necessary to retire bonds issued for the east capitol campus development (RCW 79.24.630 to 79.24.647) and the aquatic lands enhancement account.  This change approximately doubles the funds available for aquatic lands related projects at the expense of the capitol purchase and development account.

Fiscal Note:      requested

Senate Committee - Testified: Brian Boyle, Commissioner of Public Lands; Mary Alice Edison, Department of General Administration; Jerry Pavletich, Trout Unlimited; Jim Williams, Association of Counties