| Passed by the Senate April 22, 2003 YEAS 47 BRAD OWEN ________________________________________ President of the Senate Passed by the House April 10, 2003 YEAS 95 FRANK CHOPP ________________________________________ Speaker of the House of Representatives | I, Milton H. Doumit, Jr., Secretary of the Senate of the State of Washington, do hereby certify that the attached is ENGROSSED SENATE BILL 5014 as passed by the Senate and the House of Representatives on the dates hereon set forth. MILTON H. DOUMIT JR. ________________________________________ Secretary | |
| Approved May 16, 2003, with the
exception of sections 2 and 3, which are
vetoed. GARY F. LOCKE ________________________________________ Governor of the State of Washington | May 16, 2003 - 3:43 p.m. Secretary of State State of Washington |
| State of Washington | 58th Legislature | 2003 Regular Session |
Read first time 01/13/2003. Referred to Committee on Natural Resources, Energy & Water.
AN ACT Relating to public water projects; reenacting and amending RCW 43.79A.040; adding a new section to chapter 43.155 RCW; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1 A new section is added to chapter 43.155 RCW
to read as follows:
(1) A subaccount is created in the public works assistance account
to receive money to fund the following projects: (a) Water storage
projects; and (b) water systems facilities.
(2) The projects listed in subsection (1) of this section must
comply with the competitive bid requirements of RCW 43.155.060.
(3) The subaccount created in subsection (1) of this section shall
receive amounts appropriated to it for purposes of distributing these
moneys as grants for water storage projects and water systems
facilities projects as provided in the appropriation and this section.
This subaccount shall be administered by the board and shall be
separate from the other programs managed by the board under this
chapter.
(4) The subaccount created in this section shall be known as the
water storage projects and water systems facilities subaccount of the
public works assistance account.
*Sec. 2 RCW 43.79A.040 and 2002 c 322 s 5, 2002 c 204 s 7, and
2002 c 61 s 6 are each reenacted and amended to read as follows:
(1) Money in the treasurer's trust fund may be deposited, invested,
and reinvested by the state treasurer in accordance with RCW 43.84.080
in the same manner and to the same extent as if the money were in the
state treasury.
(2) All income received from investment of the treasurer's trust
fund shall be set aside in an account in the treasury trust fund to be
known as the investment income account.
(3) The investment income account may be utilized for the payment
of purchased banking services on behalf of treasurer's trust funds
including, but not limited to, depository, safekeeping, and
disbursement functions for the state treasurer or affected state
agencies. The investment income account is subject in all respects to
chapter 43.88 RCW, but no appropriation is required for payments to
financial institutions. Payments shall occur prior to distribution of
earnings set forth in subsection (4) of this section.
(4)(a) Monthly, the state treasurer shall distribute the earnings
credited to the investment income account to the state general fund
except under (b) and (c) of this subsection.
(b) The following accounts and funds shall receive their
proportionate share of earnings based upon each account's or fund's
average daily balance for the period: The Washington promise
scholarship account, the college savings program account, the
Washington advanced college tuition payment program account, the
agricultural local fund, the American Indian scholarship endowment
fund, the basic health plan self-insurance reserve account, the
Washington state combined fund drive account, the Washington
international exchange scholarship endowment fund, the developmental
disabilities endowment trust fund, the energy account, the fair fund,
the fruit and vegetable inspection account, the game farm alternative
account, the grain inspection revolving fund, the juvenile
accountability incentive account, the rural rehabilitation account, the
stadium and exhibition center account, the youth athletic facility
account, the self-insurance revolving fund, the sulfur dioxide
abatement account, the water storage projects and water systems
facilities subaccount of the public works assistance account, and the
children's trust fund. However, the earnings to be distributed shall
first be reduced by the allocation to the state treasurer's service
fund pursuant to RCW 43.08.190.
(c) The following accounts and funds shall receive eighty percent
of their proportionate share of earnings based upon each account's or
fund's average daily balance for the period: The advanced right of way
revolving fund, the advanced environmental mitigation revolving
account, the city and county advance right-of-way revolving fund, the
federal narcotics asset forfeitures account, the high occupancy vehicle
account, the local rail service assistance account, and the
miscellaneous transportation programs account.
(5) In conformance with Article II, section 37 of the state
Constitution, no trust accounts or funds shall be allocated earnings
without the specific affirmative directive of this section.
*Sec. 2 was vetoed. See message at end of chapter.
*NEW SECTION. Sec. 3 This act is necessary for the immediate
preservation of the public peace, health, or safety, or support of the
state government and its existing public institutions, and takes effect
immediately.
*Sec. 3 was vetoed. See message at end of chapter.