5671-S AMS SPAN S2343.1

SSB 5671 - S AMD   000388

By Senators Spanel, Skratek, Fraser and Haugen

                                               NOT ADOPTED 3/17/93

    On page 4, line 26, after "((two))" strike "eight" and insert "three"

EFFECT:  The original 1971 definition of "substantial development" was $1000.  If this $1000 had increased at the same rate as the rate of inflation measured by the Seattle Metropolitan Consumer Price Index, it would be $3610 in 1993.  If the $1000 had increased at the same rate as all U.S. Cities Average Consumer Price Index, it would be $3460 in 1993.  $3500 is closer than $8500 to the actual value of projects exempt under the original Shorelines Management Act.

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