SB 5014.E - DIGEST

(DIGEST AS ENACTED)

Declares that the subaccount is established to receive money to fund the following projects: (1) Water storage projects; and

(2) Water systems facilities.

Provides that the projects must comply with the competitive bid requirements of RCW 43.155.060.

Provides that the subaccount created in this act 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 act. This subaccount shall be administered by the board and shall be separate from the other programs managed by the board under chapter 43.155 RCW.

VETO MESSAGE ON SB 5014

May 16, 2003

To the Honorable President and Members,

The Senate of the State of Washington

Ladies and Gentlemen:

I am returning herewith, without my approval as to sections 2 and 3, Engrossed Senate Bill No. 5014 entitled:

"AN ACT relating to public water projects;"

This bill creates a subaccount within the Public Works Assistance Account to distribute grants for water storage projects and water system facilities.

Section 2 amends RCW 43.79A.040, with the intent that the new subaccount would retain its proportionate share of investment income. However, this section of law is related to the Treasurer's trust funds, and the Public Works Assistance Account is not a trust fund. Additionally, this section conflicts with the provisions of Chapter 150, Laws of 2003, which transfers the investment income of the Public Works Assistance Account to the Community Economic Revitalization Program.

Section 3 contains an emergency clause. Given that there is no supplemental budget funding available in the current biennium, there is no rationale for having this law take effect immediately.

For these reasons, I have vetoed sections 2 and 3 of Engrossed Senate Bill No. 5014.

With the exception of sections 2 and 3, Engrossed Senate Bill No. 5014 is approved.

Respectfully submitted,

Gary Locke

Governor