RCW 28B.20.382
University tract—Conditions for sale, lease, or lease renewal—Inspection of records—Deposit of proceeds—University of Washington facilities bond retirement account.
(1) Until authorized by statute of the legislature, the board of regents of the university, with respect to the university tract, shall not sell the land or any part thereof or any improvement thereon, or lease the land or any part thereof or any improvement thereon or renew or extend any lease thereof for a term of more than eighty years. Any sale of the land or any part thereof or any improvement thereon, or any lease or renewal or extension of any lease of the land or any part thereof or any improvement thereon for a term of more than eighty years made or attempted to be made by the board of regents shall be null and void until the same has been approved or ratified and confirmed by legislative act.
(2) The board of regents shall have power from time to time to lease the land, or any part thereof or any improvement thereon for a term of not more than eighty years. Any and all records, books, accounts, and agreements of any lessee or sublessee under this section, pertaining to compliance with the terms and conditions of such lease or sublease, shall be open to inspection by the board of regents, the ways and means committee of the senate, the appropriations committee of the house of representatives, and the joint legislative audit and review committee or any successor committees. It is not intended that unrelated records, books, accounts, and agreements of lessees, sublessees, or related companies be open to such inspection. The board of regents shall make a full, detailed report of all leases and transactions pertaining to the land or any part thereof or any improvement thereon to the joint legislative audit and review committee, including one copy to the staff of the committee, during odd-numbered years.
(3) The net proceeds from the sale or lease of land in the university tract, or any part thereof or any improvement thereon, shall be deposited into the University of Washington facilities bond retirement account hereby established outside the state treasury as a nonappropriated local fund to be used exclusively for the purpose of erecting, altering, maintaining, equipping, or furnishing buildings at the University of Washington. The board of regents shall transfer from the University of Washington facilities bond retirement account to the University of Washington building account under RCW 43.79.080 any funds in excess of amounts reasonably necessary for payment of debt service in combination with other nonappropriated local funds related to capital projects for which debt service is required under section 4, chapter 380, Laws of 1999.
[ 1999 c 346 § 3; 1998 c 245 § 17; 1996 c 288 § 27; 1987 c 505 § 13; 1980 c 87 § 10; 1977 ex.s. c 365 § 1; 1974 ex.s. c 174 § 1.]
NOTES:
Purpose—Construction—Effective date—1999 c 346: See notes following RCW 28B.20.381.
Structure Revised Code of Washington
Chapter 28B.20 - University of Washington.
28B.20.054 - Credits—Statewide transfer policy and agreement—Establishment.
28B.20.055 - "Major line" defined.
28B.20.057 - Major lines common to University of Washington and Washington State University.
28B.20.060 - Courses exclusive to University of Washington.
28B.20.100 - Regents—Appointment—Terms—Vacancies—Quorum.
28B.20.110 - Regents—Secretary—Treasurer—Duties—Treasurer's bond.
28B.20.116 - Regents—Expenses.
28B.20.117 - Regents—Attorney general as advisor.
28B.20.130 - Powers and duties of regents—General.
28B.20.134 - Powers and duties of regents—Consent to sale of university granted lands.
28B.20.140 - Powers and duties of regents—Contracts for erection of buildings or improvements.
28B.20.145 - Powers and duties of regents—Regents' spending limited by income.
28B.20.150 - Endowment investments—Disclosure of private fund information—Conflicts of interest.
28B.20.200 - Faculty—Composition—General powers.
28B.20.250 - Liability coverage of university personnel and students—Authorized—Scope.
28B.20.253 - Liability coverage of university personnel and students—Self-insurance revolving fund.
28B.20.255 - Liability coverage of university personnel and students—As exclusive authority.
28B.20.298 - Clean energy research, development, manufacturing, and marketing—Findings—Policy.
28B.20.300 - Schools of medicine, dentistry, and related health services—Authorization.
28B.20.305 - Schools of medicine, dentistry, and related health services—Purpose.
28B.20.308 - Global Asia institute.
28B.20.330 - Rights-of-way to railroads and streetcar railways—Conditions.
28B.20.332 - Rights-of-way to railroads and streetcar railways—Regents to make agreement.
28B.20.334 - Rights-of-way to railroads and streetcar railways—Form of deed—Certified copy filed.
28B.20.336 - Rights-of-way to railroads and streetcar railways—Deed conveys conditional easement.
28B.20.340 - University site dedicated for street and boulevard purposes—Description.
28B.20.350 - 1947 conveyance for arboretum and botanical garden purposes—Description.
28B.20.352 - 1947 conveyance for arboretum and botanical garden purposes—Deed of conveyance.
28B.20.360 - 1939 conveyance of shorelands to university—Description.
28B.20.362 - 1939 conveyance of shorelands to university—Deed of conveyance.
28B.20.370 - Transfer of certain Lake Union shorelands to university.
28B.20.381 - "University tract" defined.
28B.20.394 - University tract—Powers of regents—Agreements to pay for governmental services.
28B.20.395 - University tract—Powers of regents, generally.
28B.20.396 - University tract—Bonding authority.
28B.20.420 - Graduate scholarships for engineering research—Established.
28B.20.440 - University hospital.
28B.20.452 - Occupational and environmental research facility—Industry to share costs.
28B.20.456 - Occupational and environmental research facility—Advisory committee.
28B.20.464 - Warren G. Magnuson institute—Purposes.
28B.20.466 - Warren G. Magnuson institute—Endowment fund earnings.
28B.20.472 - Warren G. Magnuson institute—Local endowment fund.
28B.20.475 - Sea grant program—Geoduck aquaculture—Scientific research studies—Reports.
28B.20.476 - Sea grant program—Geoduck aquaculture research account.
28B.20.478 - Center for human rights.
28B.20.4781 - Center for human rights—Reports.
28B.20.500 - Medical students from rural areas—Admission preference.
28B.20.502 - Medical cannabis research.
28B.20.510 - Behavioral health and suicide prevention—Statewide resource.
28B.20.515 - Behavioral health and suicide prevention—Annual report.
28B.20.520 - Behavioral health and suicide prevention—Data.
28B.20.522 - Suicide prevention training modules—Construction industry.
28B.20.530 - Behavioral health innovation and integration campus.
28B.20.535 - Behavioral health innovation and integration campus—Teaching facility.
28B.20.700 - Construction, remodeling, improvement, financing, etc., authorized.
28B.20.710 - Contracts, issuance of evidences of indebtedness, acceptance of grants.
28B.20.715 - Bonds—Issuance, sale, form, term, interest, etc.—Covenants—Use of proceeds.
28B.20.720 - University of Washington bond retirement fund—Composition—Pledge of building fees.
28B.20.725 - Additional powers of board—Issuance of bonds, investments, transfer of funds, etc.
28B.20.735 - Bonds not general obligations—Legislature may provide additional means of payment.
28B.20.740 - RCW 28B.20.700 through 28B.20.740 as concurrent with other laws.
28B.20.745 - Validation—1959 c 193.
28B.20.830 - Collaborative for the advancement of telemedicine—Reports—Open meetings.