CERTIFICATION OF ENROLLMENT
ENGROSSED HOUSE BILL 2190
Chapter 29, Laws of 2017
65th Legislature
2017 3rd Special Session
BUDGET STABILIZATION ACCOUNT--TRANSFERS
EFFECTIVE DATE: July 7, 2017
ENGROSSED HOUSE BILL 2190
Passed Legislature - 2017 3rd Special Session
| | |
State of Washington | 65th Legislature | 2017 Regular Session |
By Representative Ormsby
Read first time 03/29/17. Referred to Committee on Appropriations.
AN ACT Relating to budget stabilization account transfers; amending RCW
43.79.496; creating new sections; making appropriations; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. FOR THE PENSION FUNDING STABILIZATION ACCOUNT. During the 2017-19 fiscal biennium, the treasurer shall transfer the sum of $925,166,000 from the budget stabilization account into the pension funding stabilization account. For purposes of RCW 43.88.055(4), the transfer in this section does not alter the requirement to balance in ensuing biennia. NEW SECTION. Sec. 2. FOR THE DISASTER RESPONSE ACCOUNT. During the 2017-19 fiscal biennium, the treasurer must transfer the sum of $19,000,000 from the budget stabilization account to the disaster response account. This amount is provided solely for disaster response and recovery efforts. For purposes of RCW 43.88.055(4), the transfer in this section does not alter the requirement to balance in ensuing biennia. NEW SECTION. Sec. 3. FOR THE WASHINGTON STATE PATROL—FIRES. The sum of $14,500,000, or as much thereof as may be necessary, is appropriated from the budget stabilization account for the fiscal year ending June 30, 2017, and is provided solely for Washington state fire service resource mobilization costs incurred in response to an emergency or disaster authorized under RCW 43.43.960 through 43.43.964 for wildfires. For purposes of RCW 43.88.055(4), the appropriation in this section does not alter the requirement to balance in ensuing biennia. NEW SECTION. Sec. 4. FOR THE DEPARTMENT OF NATURAL RESOURCES—FIRES. The sum of $23,622,000 is appropriated from the budget stabilization account for the fiscal year ending June 30, 2017, and is provided solely for fire suppression costs incurred by the department of natural resources during the 2016 fire season. For purposes of RCW 43.88.055(4), the appropriation in this section does not alter the requirement to balance in ensuing biennia. Sec. 5. RCW 43.79.496 and 2015 3rd sp.s. c 2 s 1 are each amended to read as follows:
(1) By June 30, 2015, the treasurer shall transfer into the state general fund the entire budget stabilization account deposit for the 2013-2015 fiscal biennium that is attributable to extraordinary revenue growth, not to exceed fifty million dollars.
(2) ((During the 2015-2017 fiscal biennium, the treasurer shall transfer into the state general fund the entire budget stabilization account deposit for the 2015-2017 fiscal biennium that is attributable to extraordinary revenue growth, not to exceed seventy-five million dollars.
(3))) During the 2017-2019 fiscal biennium, the treasurer shall transfer into the state general fund the entire budget stabilization account deposit for the 2017-2019 fiscal biennium that is attributable to extraordinary revenue growth, not to exceed ((five hundred fifty)) one billion seventy-eight million dollars.
(((4))) (3) For purposes of RCW
43.88.055(4), the transfers in this section do not alter the requirement to balance in ensuing biennia.
NEW SECTION. Sec. 6. 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.
Passed by the House June 30, 2017.
Passed by the Senate June 30, 2017.
Approved by the Governor July 7, 2017.
Filed in Office of Secretary of State July 7, 2017.
--- END ---