RCW 39.35B.050
281 words·~1 min read·
/wa/title-39/chapter-39-35b/39-35b-050·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The office of financial management shall:
(1)Design and implement a cost-effective life-cycle cost model by October 1, 2008, based on the work completed by the joint legislative audit and review committee in January 2007 and in consultation with legislative fiscal committees;
(2)Deploy the life-cycle cost model for use by state agencies once completed and tested;
(3)Update the life-cycle cost model periodically in consultation with legislative fiscal committees;
(4)Establish clear policies, standards, and procedures regarding the use of life-cycle cost analysis by state agencies including:
(a)When state agencies must use the life-cycle cost analysis, including the types of proposed capital projects and leased facilities to which it must be applied;
(b)Procedures state agencies must use to document the results of required life-cycle cost analyses;
(c)Standards regarding the discount rate and other key model assumptions; and
(d)A process to document and justify any deviation from the standard assumptions.
[ 2007 c 506 s 3 ; (2011 1st sp.s. c 48 s 7005 expired June 30, 2013).]
Notes:
Expiration date — 2011 1st sp.s. c 48 s 7005: "Section 7005 of this act expires June 30, 2013." [ 2011 1st sp.s. c 48 s 7038 .]
Effective dates — 2011 1st sp.s. c 48: "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 [June 15, 2011], except for sections 7022 through 7025 and 7027 of this act which take effect July 1, 2011." [ 2011 1st sp.s. c 48 s 7039 .]
Findings — Intent — 2007 c 506: See note following RCW 43.82.035 .