CERTIFICATION OF ENROLLMENT
HOUSE BILL 1809
Chapter
460, Laws of 1993
53rd
Legislature
1993
Regular Session
RESOURCE
MANAGEMENT COST ACCOUNT‑-POOLING OF
TRUST
MANAGEMENT FUNDS
EFFECTIVE
DATE: 7/1/94
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Passed by the House April 22, 1993
Yeas 69
Nays 28
BRIAN
EBERSOLE
Speaker of the
House of Representatives
Passed by the Senate April 16, 1993
Yeas 45
Nays 0
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CERTIFICATE
I, Alan Thompson, Chief Clerk of the House of
Representatives of the State of Washington, do hereby certify that the
attached is HOUSE BILL 1809 as passed by the House of Representatives
and the Senate on the dates hereon set forth.
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JOEL
PRITCHARD
President of the Senate
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ALAN
THOMPSON
Chief Clerk
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Approved May 17, 1993 Place
Style On Codes above, and Style Off Codes below.
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FILED
May 17, 1993 - 1:56 p.m.
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MIKE
LOWRY
Governor of the State of Washington
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Secretary of State
State of Washington
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_______________________________________________
HOUSE
BILL 1809
_______________________________________________
AS
AMENDED BY THE SENATE
Passed
Legislature - 1993 Regular Session
State
of Washington 53rd Legislature 1993
Regular Session
By
Read first time 02/10/93. Referred to Committee on
Natural Resources & Parks.
Permitting the pooling of department of
natural resources trust management accounts.
AN ACT Relating to authorization of the pooling
of trust management accounts; amending RCW 79.64.020 and 79.64.030; and
providing an effective date.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF
WASHINGTON:
Sec. 1.
RCW 79.64.020 and 1985 c 57 s 80 are each amended to read as follows:
A resource management cost account in the state
treasury is hereby created to be used solely for the purpose of defraying the
costs and expenses necessarily incurred by the department in managing and
administering public lands and the making and administering of leases, sales,
contracts, licenses, permits, easements, and rights of way as authorized under
the provisions of this title. Appropriations from the account to the
department shall be expended for no other purposes. Funds in the account may
be appropriated or transferred by the legislature for the benefit of all of
the trusts from which the funds were derived.
Sec. 2.
RCW 79.64.030 and 1988 c 70 s 4 are each amended to read as follows:
Funds in the account derived from the gross
proceeds of leases, sales, contracts, licenses, permits, easements, and rights
of way issued by the department and affecting school lands, university lands,
agricultural college lands, scientific school lands, normal school lands,
capitol building lands, or institutional lands shall be pooled and
expended by the department solely for the purpose of defraying the costs and
expenses necessarily incurred in managing and administering ((public lands
of the same trust: PROVIDED, That)) all of the trust lands enumerated
in this section. Such funds may be used for similar costs and expenses in
managing and administering other lands managed by the department((:
PROVIDED FURTHER,)) provided that such expenditures that have been
or may be made on such other lands shall be repaid to the resource management
cost account together with interest at a rate determined by the board of
natural resources.
An accounting shall be made annually of the
accrued expenditures ((as regards each)) from the pooled trust funds
in the account. In the event the accounting determines that expenditures
have been made from moneys derived from ((one category of)) trust lands
for the benefit of ((another trust or)) other lands, such expenditure
shall be considered a debt ((against the trust benefited)) and ((shall
be considered)) an encumbrance against the property ((of the trust or
trust funds)) benefited, including property held under chapter 76.12 RCW.
The results of the accounting shall be reported to the legislature at the next
regular session. The state treasurer is authorized, upon request of the
department, to transfer funds between the forest development account and the
resource management cost account solely for purpose of repaying loans pursuant
to this section.
NEW SECTION. Sec. 3.
This act shall take effect July 1, 1994.
Passed the House April 22, 1993.
Passed the Senate April 16, 1993.
Approved
by the Governor May 17, 1993.
Filed in Office of Secretary of State May 17,
1993.