§ 43.99Q.120. Legislative building rehabilitation project -- Finding -- Intent -- Exemption from debt limit
The legislature finds that it is necessary to complete the rehabilitation of the state legislative building, to extend the useful life of the building, and provide for the permanent relocation of offices displaced by the rehabilitation and create new space for public uses.
Furthermore, it is the intent of the legislature to fund the majority of the rehabilitation and construction using bonds repaid by the capitol building construction account, as provided for in the enabling act and dedicated by the federal government for the sole purpose of establishing a state capitol, to fund the cash elements of the project using capital project surcharge revenues in the Thurston county capital facilities account, and to support the establishment of a private foundation to engage the public in the preservation of the state legislative building and raise private funds for restoration and educational efforts. The bonds repaid by the capitol building construction account, whose revenues are from the sale of capitol building lands, timber, or other materials, shall be exempt from the state debt limit under RCW 39.42.060, and if at any time the capitol building construction account has insufficient revenues to repay the bonds, the legislature may provide additional means for the payment of the bonds, but any such additional means shall be subject to the state debt limit.
[2001 2nd sp.s. c 9 § 13.]
Sections: Previous 43.99Q.050 43.99Q.060 43.99Q.070 43.99Q.080 43.99Q.090 43.99Q.100 43.99Q.110 43.99Q.120 43.99Q.130 43.99Q.140 43.99Q.150 43.99Q.160 43.99Q.170 43.99Q.900 43.99Q.901 NextLast modified: April 7, 2009