1846 AMS WM S2553.1

HB 1846 - S COMM AMD

By Committee on Ways & Means

    Strike everything after the enacting clause and insert the following:

    "NEW SECTION. Sec. 1.  A new section is added to chapter 76.01 RCW to read as follows:

    Except as provided in section 2 of this act, the department of natural resources may sell or exchange the light industrial facilities and land in Thurston county, known as the Lacey compound, which was acquired as an administrative site.  This land and the facilities may be sold or exchanged for other lands and facilities in Thurston county, or counties adjacent to Thurston county, for use as an administrative site.  The property may be exchanged for public or private property.  The department is authorized to accept cash or expend cash from appropriated funds in order to balance a proposed exchange.  Alternatively, the department may sell the Lacey compound at public auction or under RCW 79.01.009.  The sale or exchange must be for at least market value.  Transactions involving the construction of improvements must be conducted pursuant to Title 39 RCW, as applicable, and must comply with all other applicable laws and rules.  Proceeds received from the sale or exchange of the Lacey compound must be deposited into the park land trust revolving fund to be used to acquire a replacement administrative site.  Funds received from the exchange or sale that are not used to either replace or construct, or both, the administrative site must be deposited pursuant to RCW 76.01.030 or into the appropriate trust account as determined by the department.

NEW SECTION. Sec. 2.  A new section is added to chapter 76.01 RCW to read as follows:

    Before proceeding with an exchange or sale of the Lacey compound site, the department of natural resources shall submit a proposal for an exchange or sale to the office of financial management for review and approval.  The proposal shall include:

    (1) A determination of the ownership by trust of the Lacey compound site;

    (2) A determination of the market value of the Lacey compound site;

    (3) A determination of prospective proportional use of the future site based on function and an assessment of the financial responsibility for the new site based on the functional analysis; and

    (4) A financing plan for the future site based on prospective use.

    The location of a future site is subject to the approval of the board of natural resources and the state capitol committee.

    Any additional funding requirements shall be submitted for approval by the legislature by January 1, 2002."

HB 1846 - S COMM AMD

By Committee on Ways & Means

    On page 1, line 2 of the title, after "resources;" strike the remainder of the title and insert "and adding new sections to chapter 76.01 RCW."

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