AN ACT Relating to the designation of treasurers and auditors by regional planning commissions, regional planning councils, regional agencies, and councils of government; adding a new section to chapter 35.63 RCW; adding a new section to chapter 35A.63 RCW; adding a new section to chapter 36.64 RCW; adding a new section to chapter 36.70 RCW; and adding a new section to chapter 39.34 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1. A new section is added to chapter 35.63 RCW to read as follows:

A regional planning commission formed under this chapter may designate by resolution some person other than the county treasurer to act as its treasurer, and someone other than the county auditor to act in the same capacity as the county auditor acts for the commission concerning financial matters, if authorized by the county treasurer. The people so designated shall have experience in financial or fiscal matters.

The commission shall post a bond with a surety company authorized to do business in the state of Washington in an amount and under the terms and conditions that the commission establishes by resolution as being sufficient to protect the commission against potential loss from actions by its separate treasurer and auditor.

The treasurer of a commission that is so designated may deposit or invest the commission's moneys in the same accounts or investments in which the county treasurer is authorized to deposit or invest the commission's moneys.

NEW SECTION. Sec. 2. A new section is added to chapter 35A.63 RCW to read as follows:

A regional planning council or commission formed under this chapter may designate by resolution some person other than the county treasurer to act as its treasurer, and someone other than the county auditor to act in the same capacity as the county auditor acts for the council or commission concerning financial matters, if authorized by the county treasurer. The people so designated shall have experience in financial or fiscal matters.

The council or commission shall post a bond with a surety company authorized to do business in the state of Washington in an amount and under the terms and conditions that the council or commission establishes by resolution as being sufficient to protect the council or commission against potential loss from actions by its separate treasurer and auditor.

The treasurer of a council or commission that is so designated may deposit or invest the council's or commission's moneys in the same accounts or investments in which the county treasurer is authorized to deposit or invest the council's or commission's moneys.

NEW SECTION. Sec. 3. A new section is added to chapter 36.64 RCW to read as follows:

A regional agency formed under this chapter may designate by resolution some person other than the county treasurer to act as its treasurer, and someone other than the county auditor to act in the same capacity as the county auditor acts for the agency concerning financial matters, if authorized by the approval of the county treasurer. The people so designated shall have experience in financial or fiscal matters.

The regional agency shall post a bond with a surety company authorized to do business in the state of Washington in an amount and under the terms and conditions that the agency establishes by resolution as being sufficient to protect the agency against potential loss from actions by its separate treasurer and auditor.

The treasurer of a regional agency that is so designated may deposit or invest the agency's moneys in the same accounts or investments in which the county treasurer is authorized to deposit or invest the agency's moneys.

NEW SECTION. Sec. 4. A new section is added to chapter 36.70 RCW to read as follows:

A regional planning commission formed under this chapter may designate by resolution some person other than the county treasurer to act as its treasurer, and someone other than the county auditor to act in the same capacity as the county auditor acts for the commission concerning financial matters, if authorized by the approval of the county treasurer. The people so designated shall have experience in financial or fiscal matters.

NEW SECTION. Sec. 5. A new section is added to chapter 39.34 RCW to read as follows:

A council of governments, or other entity created to study regional problems and planning issues, that is formed under this chapter may designate by resolution some person other than the county treasurer to act as its treasurer, and someone other than the county auditor to act in the same capacity as the county auditor acts for the council of governments concerning financial matters, if authorized by the approval of the county treasurer. The people so designated shall have experience in financial or fiscal matters. The council of governments shall post a bond with a surety company authorized to do business in the state of Washington in an amount and under the terms and conditions that the council establishes by resolution as being sufficient to protect the council against potential loss from actions by its separate treasurer and auditor.

The treasurer of a council of governments that is so designated may deposit or invest the council's moneys in the same accounts or investments in which the county treasurer is authorized to deposit or invest the council's moneys.