H-3690              _______________________________________________

                                                   HOUSE BILL NO. 1266

                        _______________________________________________

State of Washington                              50th Legislature                              1988 Regular Session

By Representatives Walk, Zellinsky, S. Wilson, Brough, Pruitt, Wang, Fisher, Schoon and P. King

Prefiled with Chief Clerk 12/23/87.  Read first time 1/11/88 and referred to Committee on Transportation.

AN ACT Relating to ferry construction; adding a new section to chapter 39.08 RCW; and declaring an emergency.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 39.08 RCW to read as follows:

          Any bond required under this chapter for the construction or maintenance of one or more ferry vessels for the Washington state ferries may be in a form or an amount to be determined by the department of transportation:  PROVIDED, That the bond shall not be for an amount less than twenty-five percent of the contract price.

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 immediately.