S-3682               _______________________________________________

                                                   SENATE BILL NO. 6155

                        _______________________________________________

State of Washington                              50th Legislature                              1988 Regular Session

By Senators Bailey, Craswell, Johnson and Barr

Read first time 1/13/88 and referred to Committee on Education.

AN ACT Relating to school construction; amending RCW 67.70.240; adding a new section to chapter 67.70 RCW; and declaring an emergency.

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

        Sec. 1.  Section 24, chapter 7, Laws of 1982 2nd ex. sess. as last amended by section 7, chapter 513, Laws of 1987 and RCW 67.70.240 are each amended to read as follows:

          The moneys in the state lottery account shall be used only:  (1) For the payment of prizes to the holders of winning lottery tickets or shares; (2) for purposes of making deposits into the reserve account created by RCW 67.70.250 and into the lottery administrative account created by RCW 67.70.260;  (3) for purposes of making deposits into the state's general fund; (4) ((for purposes of making deposits into the housing trust fund under the provisions of section 7 of this 1987 act; (5))) for purposes of making deposits into the common school construction fund established under Article IX, section 3 of the state Constitution; (5) for purposes of making deposits into the permanent common school fund established under Article IX, section 3 of the state Constitution; (6) for the purchase and promotion of lottery games and game-related services; and (((6))) (7) for the payment of agent compensation.

          The office of financial management shall require the allotment of all expenses paid from the account and shall report to the ways and means committees of the senate and house of representatives any changes in the allotments.

NEW SECTION. Sec. 2.  A new section is added to chapter 67.70 RCW to read as follows:

          The lesser of either sixty million dollars deposited into the state general fund by transfer from the state lottery account or seventy-five percent of the funds deposited into the state general fund by transfer from the state lottery account shall be transferred annually into the common school construction fund in the following manner:

          (1) Fifty million dollars or eighty percent of the amount transferred pursuant to this section shall be deposited into the common school construction fund; and

          (2) Ten million dollars or twenty percent of the amount transferred pursuant to this section shall be deposited into the permanent common school fund.

NEW SECTION. Sec. 3.     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.