The center makes legislative recommendations and will publish an annual report within three months of the conclusion of each fiscal year. Regarding the operation of the center, the director establishes a memorandum of understanding with an institute of higher education to establish the center. The specific purposes of the center, listed above, expires September 30, 2005. Ninety days after adjournment of session in which bill is passed. The House amendment established the Washington real estate research account as an appropriated account.
Interest goes to the general fund.
The initial Senate bill established a nonappropriated account that would retain the interest it generated.