H-3181              _______________________________________________

                                                   HOUSE BILL NO. 2401

                        _______________________________________________

State of Washington                               51st Legislature                              1990 Regular Session

By Representatives Grant, Brooks, Cantwell and Doty

Read first time 1/12/90 and referred to Committee on Trade & Economic Development.

AN ACT Relating to increasing limits for associate development organization expenditures; and amending RCW 53.36.130.

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

        Sec. 1.  Section 2, chapter 136, Laws of 1967 and RCW 53.36.130 are each amended to read as follows:

          Funds for promotional hosting expenditures shall be expended only from gross operating revenues and shall not exceed one percent thereof upon the first two million five hundred thousand dollars of such gross operating revenues, one-half of one percent upon the next two million five hundred thousand dollars of such gross operating revenues, and one-fourth of one percent on the excess over five million dollars of such operating revenues:  PROVIDED, HOWEVER, That in no case shall these limitations restrict a port district that has been designated an associate development organization by the department of trade and economic development to less than five thousand dollars per year or any other port district to less than twenty-five hundred dollars per year from any funds available to the port.