Upon receipt of a request under RCW 77.12.360, the commissioner of public lands shall determine if the withdrawal would benefit the people of the state. If the withdrawal would be beneficial, the commissioner shall have the lands appraised for their lease value. Before withdrawal, the department shall transmit to the commissioner a voucher authorizing payment from the fish, wildlife, and conservation account created in RCW 77.12.170(3) in favor of the fund for which the lands are held. The payment shall equal the amount of the lease value for the duration of the withdrawal.

NOTES:

IntentEffective date2020 c 148: See notes following RCW 77.12.170.
Legislative findings and intent1987 c 506: See note following RCW 77.04.020.
Effective dateIntent, constructionSavingsSeverability1980 c 78: See notes following RCW 77.04.010.

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Terms Used In Washington Code 77.12.380

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC