There is created in the state treasury a public service revolving fund. Regulatory fees payable by all types of public service companies shall be deposited to the credit of the public service revolving fund. Except for expenses payable out of the pipeline safety account, all expense of operation of the Washington utilities and transportation commission shall be payable out of the public service revolving fund.

     During the 2009-2011 fiscal biennium, the legislature may transfer from the public service revolving fund to the state general fund such amounts as reflect the excess fund balance of the fund.

[2010 1st sp.s. c 37 § 950; 2006 c 3 § 2; 2003 1st sp.s. c 25 § 940; 2002 c 371 § 924; 2001 c 238 § 8; 1961 c 14 §80.01.080 . Prior: 1949 c 117 § 11; Rem. Supp. 1949 § 10964-115-11. Formerly RCW 43.53.090.]

NOTES:

     Effective date -- 2010 1st sp.s. c 37: See note following RCW 13.06.050.

     Effective date -- 2006 c 3: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately [January 12, 2006]." [2006 c 3 § 3.]

     Severability -- Effective date -- 2003 1st sp.s. c 25: See notes following RCW 19.28.351.

     Severability -- Effective date -- 2002 c 371: See notes following RCW 9.46.100.

     Intent -- Finding -- Effective date -- 2001 c 238: See notes following RCW 80.24.060.