S-0667.1                   _______________________________________________

                                                     SENATE BILL 5313

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State of Washington                              53rd Legislature                             1993 Regular Session

By Senators Loveland, Winsley, Oke, Haugen, Sheldon, Owen, Quigley and Erwin

Read first time 01/22/93.  Referred to Committee on Government Operations.

Deleting the expiration date for a portion of the surcharge on recording documents.

          AN ACT Relating to surcharges for recording documents; and amending RCW 36.22.170.

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

        Sec. 1.  RCW 36.22.170 and 1989 c 204 s 3 are each amended to read as follows:

          A surcharge of two dollars per instrument shall be charged by the county auditor for each document recorded, which will be in addition to any other charge authorized by law.  Fifty percent of the revenue generated through this surcharge shall be transmitted monthly to the state treasurer who shall distribute such funds to each county treasurer within the state in July of each year in accordance with the formula described in RCW 36.22.190.  The county treasurer shall place the funds received in a special account titled the auditor's centennial document preservation and modernization account to be used solely for the purpose authorized by this chapter and shall not be added to the county current expense fund.  Fifty percent of the revenue generated by this surcharge shall be retained by the county and deposited in the auditor's operation and maintenance fund for ongoing preservation of historical documents.  ((The portion of the surcharge transmitted to the state treasurer shall expire January 1, 1995, at which time the surcharge authorized in this section shall be reduced to one dollar per instrument.))

          The centennial document preservation and modernization account is hereby created in the custody of the state treasurer and shall be classified as a treasury trust account.  State distributions from the centennial document preservation and modernization account shall be made without appropriation.

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