80.52.020 - Purpose. - Washington Statutes

Purpose.

The purpose of this chapter is to provide a mechanism for citizen review and approval of proposed financing for major public energy projects. The development of dependable and economic energy sources is of paramount importance to the citizens of the state, who have an interest in insuring that major public energy projects make the best use of limited financial resources. Because the construction of major public energy projects will significantly increase utility rates for all citizens, the people of the state hereby establish a process of voter approval for such projects.

[1981 2nd ex.s. c 6 § 2 (Initiative Measure No. 394, approved November 3, 1981).]