S-4359               _______________________________________________

                                                   SENATE BILL NO. 6616

                        _______________________________________________

State of Washington                              50th Legislature                              1988 Regular Session

By Senator McCaslin

Read first time 1/27/88 and referred to Committee on  Environment & Natural Resources.

AN ACT Relating to the water quality account; and reenacting and amending RCW 70.146.030.

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

        Sec. 1.  Section 3, chapter 3, Laws of 1986 as amended by section 6, chapter 436, Laws of 1987 and by section 64, chapter 505, Laws of 1987 and RCW 70.146.030 are each reenacted and amended to read as follows:

          (1) The water quality account is hereby created in the state treasury.  Moneys in the account may be used only in a manner consistent with this chapter.  Moneys deposited in the account shall be administered by the department of ecology and shall be subject to legislative appropriation.  Moneys placed in the account shall include tax receipts as provided in RCW 82.24.027, 82.26.025, and 82.32.390, principal and interest from the repayment of any loans granted pursuant to this chapter, and any other moneys appropriated to the account by the legislature.  All earnings from investment of balances in the water quality account, except as provided in RCW 43.84.090, shall be credited to the water quality account.

          (2) The department may use or permit the use of any moneys in the account to make grants ((or loans)) with a minimum fifty percent state share to public bodies, including grants to public bodies as cost-sharing moneys in any case where federal, local, or other funds are made available on a cost-sharing basis, for water pollution control facilities and activities, or for purposes of assisting a public body to obtain an ownership interest in water pollution control facilities and/or to defray a part of the payments made by a public body to a service provider under a service agreement entered into pursuant to RCW 70.150.060, within the purposes of this chapter and for related administrative expenses.  No more than three percent of the moneys deposited in the account may be used by the department to pay for the administration of the grant and loan program authorized by this chapter.

          (3) The department may, at the request of the public body to be funded, utilize a portion of the moneys in the account as loans or a combination of grants and loans to carry out the purposes of this chapter.

(4) The department shall present a progress report each biennium on the use of moneys from the account to the chairs of the committees on ways and means of the senate and house of representatives, including one copy to the staff of each of the committees.