Modifies the definition of inflation rate for aquatic leases in Washington.

The bill modifies the definition of inflation rate for aquatic leases in Washington, replacing the previous index with the consumer price index for all urban consumers, all items, for the Seattle metropolitan area as calculated by the United States Bureau of Labor Statistics. This change affects the calculation of rent for leases on state-owned aquatic lands, including tidelands, shorelands, harbor areas, and the beds of navigable waters.

Modifies the definition of inflation rate for aquatic leases in Washington.

The bill modifies the definition of inflation rate for aquatic leases in Washington, replacing the previous index with the consumer price index for all urban consumers, all items, for the Seattle metropolitan area as calculated by the United States Bureau of Labor Statistics. This change affects the calculation of rent for leases on state-owned aquatic lands, including tidelands, shorelands, harbor areas, and the beds of navigable waters.