S-1739.1  _______________________________________________

                         SENATE BILL 5922

          _______________________________________________

State of Washington      55th Legislature     1997 Regular Session

By Senator West

Read first time 02/20/97.  Referred to Committee on Ways & Means.

Limiting capital expenditures and public indebtedness on capital projects.

    AN ACT Relating to limiting capital expenditures and bonded indebtedness for capital projects; and adding a new section to chapter 39.42 RCW.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 39.42 RCW to read as follows:

    Beginning with the 1999-2001 biennium, for capital projects in which the state does not have a real property ownership interest, the legislature may not take an action that raises capital expenditures, or raises bonded indebtedness, above the percentage of capital expenditures and bonded indebtedness authorized for projects in which the state does not have a real property ownership interest in the 1997-99 biennium.

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