SENATE BILL REPORT

SJR 8222

BYSenators Bailey, Rinehart, Smith, Lee, Murray, Nelson, Bender, Bluechel, Bauer, Saling, Warnke, Owen, Thorsness, Amondson and Anderson

Amending the Constitution regarding the common school construction fund.

Senate Committee on Education

Senate Hearing Date(s):February 27, 1989

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

     Signed by Senators Bailey, Chairman; Lee, Vice Chairman; Anderson, Bender, Fleming, Murray, Rinehart.

Senate Staff:Leslie Goldstein (786-7424)

                March 1, 1989

Senate Committee on Ways & Means

Senate Hearing Date(s):March 16, 1988; March 20, 1989

Majority Report:     That Substitute Senate Joint Resolution No. 8222 be substituted therefor, and the substitute joint resolution do pass.

     Signed by Senators McDonald, Chairman; Amondson, Bailey, Bluechel, Cantu, Hayner, Johnson, Lee, Matson, Owen, Saling, Smith.

Senate Staff:Leslie Goldstein (786-7424)

                March 27, 1989

AS REPORTED BY COMMITTEE ON WAYS & MEANS, MARCH 20, 1989

BACKGROUND:

The common school construction fund to finance the construction of facilities for the common schools is established in the state Constitution.  Sources of the fund are: (1) proceeds from the sale of timber or other crops from school and state lands; (2) interest accruing on the permanent common school fund plus rental and other revenues from lands and other property devoted to the permanent common school fund; and (3) other sources directed by the Legislature.  Interest on the permanent common school fund may be used to retire bonds.  The remainder of the moneys in the common school construction fund cannot be used to retire bonds.

SUMMARY:

The moneys in the common school construction fund, if authorized by the Legislature, may be used to retire bonds for school construction and reconstruction purposes.

EFFECT OF PROPOSED SUBSTITUTE:

The common school construction fund could not be used to support bonds issued after June 30, 1999.

Appropriation:  none

Revenue:   none

Fiscal Note:    requested February 22, 1989

Effective Date:Upon approval by the people at the next general election.

Senate Committee - Testified:   EDUCATION:  Dwayne Slate, Washington State School Directors' Association (pro)

Senate Committee - Testified:   WAYS & MEANS:  Dwayne Slate, Washington State School Directors' Association (pro); Kris Van Gorkom, Washington Association of School Administrators (pro); Mike Roberts, Office of the Superintendent of Public Instruction, State Board of Education (con)