WSR 09-15-175

PREPROPOSAL STATEMENT OF INQUIRY

DEPARTMENT OF COMMERCE


[ Filed July 21, 2009, 4:08 p.m. ]

Subject of Possible Rule Making: Guidelines for implementation of three federal bond programs: Qualified energy conservation bonds, recovery zone economic development bonds, and recovery zone facility bonds.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 39.86.160 and 39.86.180.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: To establish definitions, procedures and standards for state and local government planning and compliance with the new bonding programs. Defining the process for allocation of bond capacity, applications, extensions and carry forward procedures, fee schedules, and bonding criteria.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: Internal Revenue Service.

Process for Developing New Rule: Negotiated rule making.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Elizabeth Green-Taylor, P.O. Box 42525, Olympia, WA 98504-2525, Liz.green-taylor@commerce.wa.gov, (360) 725-5021, fax (360) 725-5021. Commerce will work in conjunction with a stakeholder group seeking input. Likely participants include affected local governments, bonding industry representatives, and others interested in using the bonding program. Persons interested in providing input may attend the meetings; provide information via e-mail or other printed submission.

July 22 [21], 2009

Marie Sullivan

Rules Coordinator

Washington State Code Reviser's Office