| Passed by the Senate March 12, 2008 YEAS 47 BRAD OWEN ________________________________________ President of the Senate Passed by the House March 12, 2008 YEAS 96 FRANK CHOPP ________________________________________ Speaker of the House of Representatives | I, Thomas Hoemann, Secretary of the Senate of the State of Washington, do hereby certify that the attached is SENATE BILL 6332 as passed by the Senate and the House of Representatives on the dates hereon set forth. THOMAS HOEMANN ________________________________________ Secretary | |
| Approved March 21, 2008, 1:54 p.m. CHRISTINE GREGOIRE ________________________________________ Governor of the State of Washington | March 24, 2008 Secretary of State State of Washington |
| State of Washington | 60th Legislature | 2008 Regular Session |
Read first time 01/15/08. Referred to Committee on Consumer Protection & Housing.
AN ACT Relating to increasing the debt limit of the housing finance commission; and amending RCW 43.180.160.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1 RCW 43.180.160 and 2006 c 262 s 1 are each amended to read
as follows:
The total amount of outstanding indebtedness of the commission may
not exceed ((four and one-half)) five 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.