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}H <br />A surcharge of ten dollars per instrument shall be charged by the <br />county auditor for each real property document recorded, which will be in <br />addition to any other charge authorized by law, <br />After retention of up to five percent (5 for collection <br />administration, forty percent (40 of the revenue will be transmitted <br />monthly to the state treasurer, and sixty percent (60 of the revenue will be <br />retained by the county and deposited into a fund that must be used by the <br />county and its cities and towns for housing projects or units within housing <br />projects that are affordable to very low income households at or below fifty <br />percent (50 of the area median income. The local portion of the funds <br />must be allocated pursuant to an mterlocal agreement between the county and <br />the cities within the county that is consistent with countywide and local <br />age 2 <br />WHEREAS the HFTF recommended a document recording fee as a source of regional <br />dollars for low income housing development and support, and recommended that representatives <br />of the County, Cities and the housing community work together to make decisions about the use <br />and administration of such a fund, and <br />WHEREAS in March 2002, Substitute House Bill 2060, hereinafter referred to as SHB <br />2060, was passed by the Washington State Legislature and was signed into law by the Governor <br />as Chapter 294, 2002 Washington Laws in April 2002, and was effective on June 13, 2002 <br />SHB 2060 provides, in large part, that: <br />