Z-1559.1                   _______________________________________________

                                                     SENATE BILL 6331

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State of Washington                              53rd Legislature                             1994 Regular Session

By Senators Snyder, Haugen, Gaspard, Winsley, Erwin, Franklin, Moore, Wojahn, M. Rasmussen, Loveland, West, Spanel and Ludwig; by request of State Treasurer

Read first time 01/19/94.  Referred to Committee on Government Operations.

Limiting political contributions of municipal bond dealers.

          AN ACT Relating to municipal bond dealers; adding a new section to chapter 43.33 RCW; and prescribing penalties.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 43.33 RCW to read as follows:

          (1) No municipal bond dealer, its municipal finance professionals, or municipal bond dealer controlled political action committee may directly or indirectly pay or use, or offer, consent, or agree to pay or use any money or thing of value for or in aid of a candidacy for public office of a member of the state finance committee or a candidate for the office of governor, lieutenant governor, or state treasurer.

          (2) An individual who violates a provision of this section, or who participates in, aids, abets, advises, or consents to any such violation, or who solicits or knowingly receives money in violation of this section, is guilty of a gross misdemeanor.

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