(1) In the case of a facility that was leased by the contractor as of January 1, 1980, in an arm's-length agreement, which continues to be leased under the same lease agreement, the financing allowance rate will be the greater of the rate existing on June 30, 2010, or the rate calculated under *RCW 74.46.437.

     (2) The alternate return on investment component rate allocations calculated in accordance with this section shall be adjusted to the extent necessary to comply with RCW 74.46.421.

[2010 1st sp.s. c 34 § 7; 1999 c 353 § 12.]

NOTES:

     *Reviser's note: The amendments to RCW 74.46.437 by 2010 1st sp.s. c 34 § 6 were vetoed.

     Effective date -- 2010 1st sp.s. c 34: See note following RCW 74.46.010.

     Effective dates -- 1999 c 353: See note following RCW 74.46.020.