SENATE BILL REPORT
SB 5758
This analysis was prepared by non-partisan legislative staff for the use of legislative members in their deliberations. This analysis is not a part of the legislation nor does it constitute a statement of legislative intent. |
As of February 14, 2011
Title: An act relating to improving management of dedicated accounts for comprehensive institutions of higher education.
Brief Description: Regarding management of dedicated accounts for comprehensive institutions of higher education.
Sponsors: Senators Kilmer, Zarelli, Tom, Holmquist Newbry, Kohl-Welles, Ericksen, Kastama, Schoesler and Shin.
Brief History:
Committee Activity: Ways & Means: 2/15/11.
SENATE COMMITTEE ON WAYS & MEANS |
Staff: Maria Hovde (786-7710)
Background: Students attending state institutions of higher education may be charged, as a portion of their tuition, fees for specific services, including athletics, technology, services and activities, operating, and building fees. The building fee is between 2 and 4 percent of total tuition costs at Central Washington University, Eastern Washington University, The Evergreen State College, and Western Washington University. Revenue from these building fees, along with revenues from the sale or lease of normal school trust land or valuable materials on that land, is deposited into a capital projects account that is held separately at each institution. These accounts are known as the Central Washington University Capital Projects Account, Eastern Washington University Capital Projects Account, The Evergreen State College Capital Projects Account, and Western Washington University Capital Projects Account.
Expenditures from the capital projects accounts are appropriated by the Legislature and are used for the payment of debt service on bonds and certificates of participation, building construction, maintenance, demolition and major alteration of buildings, other capital assets, and land acquisition.
Summary of Bill: The Central Washington University Capital Projects Account, Eastern Washington University Capital Projects Account, The Evergreen State College Capital Projects Account, and Western Washington University Capital Projects Account are made local, non-appropriated accounts.
Appropriation: None.
Fiscal Note: Not requested.
Committee/Commission/Task Force Created: No.
Effective Date: Ninety days after adjournment of session in which bill is passed.