| Passed by the House March 8, 2006 Yeas 82 FRANK CHOPP ________________________________________ Speaker of the House of Representatives Passed by the Senate March 7, 2006 Yeas 38 BRAD OWEN ________________________________________ President of the Senate | I, Richard Nafziger, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is SECOND SUBSTITUTE HOUSE BILL 3070 as passed by the House of Representatives and the Senate on the dates hereon set forth. RICHARD NAFZIGER ________________________________________ Chief Clerk | |
| Approved March 27, 2006. CHRISTINE GREGOIRE ________________________________________ Governor of the State of Washington | March 27, 2006 - 3:53 p.m. Secretary of State State of Washington |
| State of Washington | 59th Legislature | 2006 Regular Session |
READ FIRST TIME 02/08/06.
AN ACT Relating to increasing housing development capacity; and amending RCW 43.180.160.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1 RCW 43.180.160 and 1999 c 131 s 2 are each amended to read
as follows:
The total amount of outstanding indebtedness of the commission may
not exceed ((three)) four and one-half billion dollars at any time.
The calculation of outstanding indebtedness shall include the initial
principal amount of an issue and shall not include interest that is
either currently payable or that accrues as a part of the face amount
of an issue payable at maturity or earlier redemption. Outstanding
indebtedness shall not include notes or bonds as to which the
obligation of the commission has been satisfied and discharged by
refunding or for which payment has been provided by reserves or
otherwise.