CERTIFICATION
OF ENROLLMENT
HOUSE
BILL 2765
Chapter
181, Laws of 2000
56th
Legislature
2000
Regular Session
PORT DISTRICTS--REVENUE
BONDS
EFFECTIVE
DATE: 6/8/00
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Passed by the House February 9, 2000
Yeas 91 Nays 6
 CLYDE BALLARD
Speaker of the House
of Representatives
 FRANK CHOPP
Speaker of the House of Representatives
Passed by the Senate February 29, 2000
Yeas 42 Nays 3
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CERTIFICATE
We, Timothy A. Martin and Cynthia Zehnder, Co-Chief Clerks of the
House of Representatives of the State of Washington, do hereby certify that
the attached is HOUSE BILL 2765 as passed by the House of
Representatives and the Senate on the dates hereon set forth.
 TIMOTHY A. MARTIN
Chief Clerk
CYNTHIA ZEHNDER
Chief Clerk
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BRAD OWEN
President of the Senate
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Approved March 27, 2000 Place Style On
Codes above, and Style Off Codes below.
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FILED
March 27, 2000 - 4:59 p.m.
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GARY LOCKE
Governor of the State of Washington
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Secretary of State
State of Washington
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_______________________________________________
HOUSE
BILL 2765
_______________________________________________
Passed
Legislature - 2000 Regular Session
State
of Washington 56th Legislature 2000 Regular Session
By
Read
first time 01/20/2000. Referred to Committee on Local Government.
Authorizing delegation of authority regarding revenue
bonds for port districts.
AN
ACT Relating to port district revenue bonds; and amending RCW 53.40.030.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec.
1. RCW
53.40.030 and 1983 c 167 s 137 are each amended to read as follows:
(1)
The port commission shall determine the form, conditions, and denominations of
all such bonds, the maturity date or dates which the bonds so sold shall bear,
and the interest rate or rates thereon. It shall not be necessary that all
bonds of the same authorized issue bear the same interest rate or rates.
Principal and interest of the bonds shall be payable at such place or places as
may be fixed and determined by the port commission. The bonds may contain provisions
for registration thereof as to principal only or as to both principal and
interest as provided in RCW 39.46.030. The bonds shall have interest payable
at such time or times as may be determined by the port commission and in such
amounts as it may prescribe. The port commission may provide for retirement of
bonds issued under this chapter at any time or times prior to their maturity,
and in such manner and upon the payment of such premiums as may be fixed and
determined by resolution of the port commission. The port commission may
delegate authority to the chief executive officer of the port to approve the
interest rate or rates, maturity date or dates, redemption rights, interest
payment dates, and principal maturities under such terms and conditions
approved by resolution of the port commission.
(2)
Notwithstanding subsection (1) of this section, such bonds may be issued and
sold in accordance with chapter 39.46 RCW.
Passed the House February 9, 2000.
Passed the Senate February 29, 2000.
Approved by the Governor
March 27, 2000.
Filed
in Office of Secretary of State March 27, 2000.