(1) Except as authorized to the contrary under subsection (2) of this section, from all funds available to the board for financial assistance in a biennium under this chapter, the board shall approve at least seventy-five percent of the first twenty million dollars of funds available and at least fifty percent of any additional funds for financial assistance for projects in rural counties.

     (2) If at any time during the last six months of a biennium the board finds that the actual and anticipated applications for qualified projects in rural counties are clearly insufficient to use up the allocations under subsection (1) of this section, then the board shall estimate the amount of the insufficiency and during the remainder of the biennium may use that amount of the allocation for financial assistance to projects not located in rural counties.

[2008 c 327 § 8. Prior: 1999 c 164 § 105; prior: 1998 c 321 § 28 (Referendum Bill No. 49, approved November 3, 1998); 1998 c 55 § 4; 1997 c 367 § 9; 1996 c 51 § 7; 1995 c 226 § 15; 1993 c 320 § 5; 1991 c 314 § 24; 1985 c 446 § 6.]

NOTES:

     Effective date -- 2008 c 327 §§ 1, 2, 4-11, 17: See note following RCW 43.160.010.

     Findings -- Intent -- Part headings and subheadings not law -- Effective date -- Severability -- 1999 c 164: See notes following RCW 43.160.010.

     Purpose -- Severability -- 1998 c 321: See notes following RCW 82.14.045.

     Contingent effective dates -- 1998 c 321 §§ 23-42: See note following RCW 35.58.410.

     Severability -- Conflict with federal requirements--Effective date--1997 c 367: See notes following RCW 43.160.020.

     Severability -- Effective dates -- 1996 c 51: See notes following RCW 43.160.010.

     Repeal -- 1991 c 314: "RCW 43.160.076 and 1998 c 321 § 28, 1997 c 367 § 9, 1996 c 51 § 7, 1995 c 226 § 15, 1993 c 320 § 5, 1991 c 314 § 24, & 1985 c 446 § 6 are each repealed effective June 30, 2000." [1998 c 321 § 29 (Referendum Bill No. 49, approved November 3, 1998); 1997 c 367 § 10; 1995 c 226 § 7; 1993 c 320 § 10; 1991 c 314 § 32.]

     Severability -- Conflict with federal requirements -- Effective date -- 1995 c 226: See notes following RCW 43.160.020.

     Findings -- 1991 c 314: See note following RCW 43.160.020.