§ 43.155.050. Public works assistance account
(1) The public works assistance account is hereby established in the state treasury. Money may be placed in the public works assistance account from the proceeds of bonds when authorized by the legislature or from any other lawful source. Money in the public works assistance account shall be used to make loans and to give financial guarantees to local governments for public works projects. Moneys in the account may also be appropriated to provide for state match requirements under federal law for projects and activities conducted and financed by the board under the drinking water assistance account. Not more than fifteen percent of the biennial capital budget appropriation to the public works board from this account may be expended or obligated for preconstruction loans, emergency loans, or loans for capital facility planning under this chapter; of this amount, not more than ten percent of the biennial capital budget appropriation may be expended for emergency loans and not more than one percent of the biennial capital budget appropriation may be expended for capital facility planning loans. For the 2007-2009 biennium, moneys in the account may be used for grants for projects identified in section 138, chapter 488, Laws of 2005, for the infrastructure investment system implementation plan identified in section 1022, chapter 328, Laws of 2008; for the interest rate buy-down pilot program identified in section 1004, chapter 328, Laws of 2008; and for the housing assistance, weatherization, and affordable housing program identified in section 1005, chapter 328, Laws of 2008.
(2) The job development fund is hereby established in the state treasury. Up to fifty million dollars each biennium from the public works assistance account may be transferred into the job development fund. Money in the job development fund may be used solely for job development fund program grants, administrative expenses related to the administration of the job development fund program created in *RCW 43.160.230, and for the report prepared by the joint legislative audit and review committee pursuant to *RCW 44.28.801(2). Moneys in the job development fund may be spent only after appropriation. The board shall prepare a prioritized list of proposed projects of up to fifty million dollars as part of the department's 2007-09 biennial budget request. The board may provide an additional alternate job development fund project list of up to ten million dollars. The legislature may remove projects from the list recommended by the board. The legislature may not change the prioritization of projects recommended for funding by the board, but may add projects from the alternate list in order of priority, as long as the total funding does not exceed fifty million dollars.
[2008 c 328 § 6002; 2007 c 520 § 6036. Prior: 2005 c 488 § 925; 2005 c 425 § 4; 2001 c 131 § 2; prior: 1995 2nd sp.s. c 18 § 918; 1995 c 376 § 11; 1993 sp.s. c 24 § 921; 1985 c 471 § 8.]
Notes:
*Reviser's note: RCW 43.160.230 and 44.28.801 were repealed by 2008 c 327 § 17, effective July 1, 2009.
Expiration date -- 2008 c 328 § 6002: "Section 6002 of this act expires June 30, 2011." [2008 c 328 § 6018.]
Part headings not law -- 2008 c 328: "Part headings in this act are not any part of the law." [2008 c 328 § 6020.]
Severability -- 2008 c 328: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [2008 c 328 § 6021.]
Effective date -- 2008 c 328: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately [April 1, 2008]." [2008 c 328 § 6022.]
Expiration date -- 2007 c 520 § 6036: "Section 6036 of this act expires June 30, 2011." [2007 c 520 § 6039.]
Part headings not law -- Severability -- Effective dates -- 2007 c 520: See notes following RCW 43.19.125.
Part headings not law -- Severability--Effective dates--2005 c 488: See notes following RCW 28B.50.360.
Finding -- 2005 c 425: "The legislature has and continues to recognize the vital importance of economic development to the health and prosperity of Washington state as indicated in RCW 43.160.010, 43.155.070(4)(g), 43.163.005, and 43.168.010. The legislature finds that current economic development programs and funding, which are primarily low-interest loan programs, can be enhanced by creating a grant program to assist with public infrastructure projects that directly stimulate community and economic development by supporting the creation of new jobs or the retention of existing jobs." [2005 c 425 § 1.]
Expiration date -- 2005 c 425: "This act expires June 30, 2011." [2005 c 425 § 6.]
Severability -- 2005 c 425: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [2005 c 425 § 7.]
Severability -- Effective date -- 1995 2nd sp.s. c 18: See notes following RCW 19.118.110.
Findings -- 1995 c 376: See note following RCW 70.116.060.
Severability -- Effective dates -- 1993 sp.s. c 24: See notes following RCW 28A.310.020.
Severability -- Effective date -- 1985 c 471: See notes following RCW 82.04.260.
RCW 43.155.050
The public works assistance account is hereby established in the state treasury. Money may be placed in the public works assistance account from the proceeds of bonds when authorized by the legislature or from any other lawful source. Money in the public works assistance account shall be used to make loans and to give financial guarantees to local governments for public works projects. Moneys in the account may also be appropriated to provide for state match requirements under federal law for projects and activities conducted and financed by the board under the drinking water assistance account. Not more than fifteen percent of the biennial capital budget appropriation to the public works board from this account may be expended or obligated for preconstruction loans, emergency loans, or loans for capital facility planning under this chapter; of this amount, not more than ten percent of the biennial capital budget appropriation may be expended for emergency loans and not more than one percent of the biennial capital budget appropriation may be expended for capital facility planning loans. For the 2007-2009 biennium, moneys in the account may be used for grants for projects identified in section 138, chapter 488, Laws of 2005 and section 1033, chapter 520, Laws of 2007.
[2007 c 520 § 6037; 2005 c 488 § 925; 2001 c 131 § 2. Prior: 1995 2nd sp.s. c 18 § 918; 1995 c 376 § 11; 1993 sp.s. c 24 § 921; 1985 c 471 § 8.]
Notes:
Part headings not law -- Severability -- Effective dates -- 2007 c 520: See notes following RCW 43.19.125.
Part headings not law -- Severability--Effective dates--2005 c 488: See notes following RCW 28B.50.360.
Severability -- Effective date -- 1995 2nd sp.s. c 18: See notes following RCW 19.118.110.
Findings -- 1995 c 376: See note following RCW 70.116.060.
Severability -- Effective dates -- 1993 sp.s. c 24: See notes following RCW 28A.310.020.
Severability -- Effective date -- 1985 c 471: See notes following RCW 82.04.260.
Sections: Previous 43.155.010 43.155.020 43.155.030 43.155.040 43.155.050 43.155.055 43.155.060 43.155.065 43.155.068 43.155.070 43.155.075 43.155.080 43.155.090 43.155.100 43.155.110 Next
Last modified: April 7, 2009