5972-S.E AMH MIEL H2560.2
ESSB 5972 - H AMD TO TR COMM AMD (H-2572.1/93) 000500 LOST 4-15-93
By Representative Mielke
On page 26, after line 9 of the amendment, insert the following:
"Sec. 58. RCW 43.84.092 and 1992 c 235 s 4 are each amended to read as follows:
(1) All earnings of investments of surplus balances in the state treasury shall be deposited to the treasury income account, which account is hereby established in the state treasury.
(2) Monthly, the state treasurer shall distribute the earnings credited to the treasury income account. The state treasurer shall credit the general fund with all the earnings credited to the treasury income account except:
(a) The following accounts and funds shall receive their proportionate share of earnings based upon each account's and fund's average daily balance for the period: The capitol building construction account, the Cedar River channel construction and operation account, the Central Washington University capital projects account, the charitable, educational, penal and reformatory institutions account, the common school construction fund, the county criminal justice assistance account, the county sales and use tax equalization account, the data processing building construction account, the deferred compensation administrative account, the deferred compensation principal account, the department of retirement systems expense account, the Eastern Washington University capital projects account, the federal forest revolving account, the industrial insurance premium refund account, the judges' retirement account, the judicial retirement administrative account, the judicial retirement principal account, the local leasehold excise tax account, the local sales and use tax account, the medical aid account, the municipal criminal justice assistance account, the municipal sales and use tax equalization account, the natural resources deposit account, the perpetual surveillance and maintenance account, the public employees' retirement system plan I account, the public employees' retirement system plan II account, the Puyallup tribal settlement account, the resource management cost account, the site closure account, the special wildlife account, the state employees' insurance account, the state employees' insurance reserve account, the state investment board expense account, the state investment board commingled trust fund accounts, the supplemental pension account, the teachers' retirement system plan I account, the teachers' retirement system plan II account, the University of Washington bond retirement fund, the University of Washington building account, the volunteer fire fighters' relief and pension principal account, the volunteer fire fighters' relief and pension administrative account, the Washington judicial retirement system account, the Washington law enforcement officers' and fire fighters' system plan I retirement account, the Washington law enforcement officers' and fire fighters' system plan II retirement account, the Washington state patrol retirement account, the Washington State University building account, the Washington State University bond retirement fund, and the Western Washington University capital projects account. Earnings derived from investing balances of the agricultural permanent fund, the normal school permanent fund, the permanent common school fund, the scientific permanent fund, and the state university permanent fund shall be allocated to their respective beneficiary accounts. All earnings to be distributed under this subsection (2)(a) shall first be reduced by the allocation to the state treasurer's service fund pursuant to RCW 43.08.190.
(b) The following
accounts and funds shall receive ((eighty)) one hundred percent
of their proportionate share of earnings based upon each account's or fund's
average daily balance for the period: The central Puget Sound public
transportation account, the city hardship assistance account, the county
arterial preservation account, the economic development account, the essential
rail assistance account, the essential rail banking account, the ferry bond
retirement fund, the grade crossing protective fund, the high capacity
transportation account, the highway bond retirement fund, the highway
construction stabilization account, the highway safety account, the motor
vehicle fund, the motorcycle safety education account, the pilotage account, the
public transportation systems account, the Puget Sound capital construction
account, the Puget Sound ferry operations account, the recreational vehicle
account, the rural arterial trust account, the special category C account, the
state patrol highway account, the transfer relief account, the transportation
capital facilities account, the transportation equipment fund, the
transportation fund, the transportation improvement account, and the urban
arterial trust account.
(3) No earnings on state transportation accounts and funds may be deposited in the state general fund.
(4) In conformance with Article II, section 37 of the state Constitution, no treasury accounts or funds shall be allocated earnings without the specific affirmative directive of this section.
Sec. 59. RCW 43.79A.040 and 1991 sp.s. c 13 s 82 are each amended to read as follows:
(1) Money in the treasurer's trust fund may be deposited, invested and reinvested by the state treasurer in accordance with RCW 43.84.080 in the same manner and to the same extent as if the money were in the state treasury.
(2) All income received from investment of the treasurer's trust fund shall be set aside in an account in the treasury trust fund to be known as the investment income account. Monthly, the state treasurer shall distribute the earnings credited to the investment income account to the state general fund except:
(a) The following
accounts and funds shall receive their proportionate share of earnings based
upon each account's or fund's average daily balance for the period: The
American Indian scholarship endowment fund, the energy account, the game farm
alternative account, and the self‑insurance revolving fund. However, the
earnings to be distributed shall first be reduced by the allocation to the
state treasurer's service ((account [fund])) fund pursuant to RCW
43.08.190.
(b) The following
accounts and funds shall receive ((eighty)) one hundred percent
of their proportionate share of earnings based upon each account's or fund's
average daily balance for the period: The advanced right of way revolving
fund, the federal narcotics asset forfeitures account, the ferry system
account, the ferry system insurance claim reserve account, the ferry system
operation and maintenance account, the ferry system revenue account, the ferry
system revenue bond account, the high occupancy vehicle account, and the local
rail service assistance account.
(3) No earnings on state transportation accounts and funds may be deposited in the state general fund.
(4) In conformance with Article II, section 37 of the state Constitution, no trust accounts or funds shall be allocated earnings without the specific affirmative directive of this section."
Renumber the remaining section consecutively and correct any internal references accordingly.
ESSB 5972 - H AMD TO TR COMM AMD (H-2572.1/93)
By Representative Mielke
On page 27, line 19 of the amendment, strike "61" and insert "63"
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