SENATE BILL REPORT

SB 5643

BYSenator Williams; by request of Washington Centennial Commission

Establishing the Pacific celebration fund.

Senate Committee on Governmental Operations

Senate Hearing Date(s):March 3, 1987

Senate Staff:Walt Corneille (786-7452); Barbara Howard (786-7410)

AS OF MARCH 2, 1987

BACKGROUND:

It has been suggested that the State Centennial will provide an excellent opportunity to strengthen ties with Pacific Rim neighbors of the state.  It has also been suggested that the development of Centennial Pacific Celebration themes and activities providing cultural, educational and economic benefits to all citizens would be in the interest of the state of Washington.

SUMMARY:

It is declared that the State Centennial Celebration provides a unique opportunity to establish and strengthen ties with the state's Pacific Rim neighbors.  It is the state's goal to provide for the development of economic and trade conferences, traveling art exhibits and performances, citizen participation activities, symposia events and other related activities.

The Pacific Celebration fund is established to be used exclusively in support of Washington Centennial Pacific Celebration activities.  The fund is administered by the Department of Trade and Economic Development.  Deposits to the fund may include donations, earned income, investment earnings of the fund, appropriations from the Legislature, and, to the extent feasible, income from Pacific Celebration activities.

The section is set to expire on June 30, 1990.  Any monies remaining in the fund after June 30, 1990 shall be deposited in the general fund.

Fiscal Note:      requested