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                                          ENGROSSED SENATE BILL NO. 4968

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State of Washington                              49th Legislature                              1986 Regular Session

By Senators Warnke and Rasmussen;by request of Employment Security

Read first time 1/24/86 and referred to Committee on Commerce & Labor.

AN ACT Relating to administrative funding of the unemployment insurance program; creating new sections; providing an effective date; and declaring an emergency.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.     The provisions of RCW 50.16.070 to the contrary notwithstanding, one million dollars shall be transferred from the federal interest payment fund to the unemployment compensation fund.

NEW SECTION. Sec. 2.     This act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect March 31, 1986.