(1) Amounts placed in the conservation futures fund shall be used solely to acquire rights and interests in open space land, farm and agricultural land, and timberland, as such are defined in chapter 84.34 RCW so as to protect, preserve, maintain, improve, restore, limit the future use of, or otherwise conserve the property for public use or enjoyment, and for maintaining and operating any property acquired with these funds. Until withdrawn for such use, the monies accumulated in the fund may be invested in interest bearing securities by the fund manager designated pursuant to SCC 4.14.050 in any manner authorized by law.

(2) Any rights or interest in real property acquired under this section after July 24, 2005, must be located within the county. The amount of revenue used for maintenance and operations of real property acquired under Chapter 84.34 RCW may not exceed that percent of the total amount collected under this chapter allowed by state law. Revenues from this tax may not be used to supplant existing maintenance and operation funding. (Added by Ord. 88-097 § 1, Nov. 21, 1988; Amended by Ord. 03-056, July 2, 2003, Eff date July 17, 2003; Amended by Ord. 10-105, Nov. 22, 2010, Eff date Dec. 20, 2010; Amended by Ord. 21-099, Jan. 12, 2022, Eff date Feb. 3, 2022).