The department shall determine the fair market rental rate for leases to nonprofit television reception improvement districts. It is the intent of the legislature to appropriate general funds to pay a portion of the rent charged to nonprofit television reception improvement districts. It is the further intent of the legislature that such a lessee pay an annual lease rent of fifty percent of the fair market rental rate, as long as there is a general fund appropriation to compensate the trusts for the remainder of the fair market rental rate.
[ 2003 c 334 § 464; 1994 c 294 § 1. Formerly RCW 79.12.055.]
NOTES:
Intent—2003 c 334: See note following RCW 79.02.010.
Effective date—1994 c 294: "This act shall take effect July 1, 1994." [ 1994 c 294 § 3.]