Z-1353               _______________________________________________

                                                   SENATE BILL NO. 6241

                        _______________________________________________

State of Washington                               51st Legislature                              1990 Regular Session

By Senators McDonald, Gaspard and Madsen; by request of State Treasurer

Read first time 1/9/90 and referred to Committee on Ways & Means.

AN ACT Relating to the state fire service training center bond retirement fund; adding a new section to chapter 43.63A RCW; creating a new section; and declaring an emergency.

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

NEW SECTION. Sec. 1.     The purpose of this act is to reinstate the state fire service training center bond retirement fund.

NEW SECTION. Sec. 2.  A new section is added to chapter 43.63A RCW to read as follows:

          The 1977 state fire service training center bond retirement fund is created in the state treasury for the purpose of the payment of principal of and interest on the bonds authorized to be issued pursuant to chapter 349, Laws of 1977 ex. sess., or chapter 470, Laws of 1985 or, if the legislature so determines, for any bonds and notes hereafter authorized and issued for the commission for vocational education or the statutory successor to its powers and duties involving the state fire training center.

          The state finance committee, on or before June 30th of each year, shall certify to the state treasurer the amount required in the next succeeding twelve months for the payment of the principal of and the interest coming due on such bonds.  Not less than thirty days before the date on which any such interest or principal and interest payment is due, the state treasurer shall withdraw from any general state revenues received in the state treasury and deposit in the 1977 state fire service training center bond retirement fund an amount equal to the amount certified by the state finance committee to be due on such payment date.

NEW SECTION. Sec. 3.     This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately.