Bill > HB1101

This bill authorizes the state to issue $3.2 billion in general obligation bonds to finance projects described in the state's capital and operating budget bills for the 2017-2019 and 2019-2021 biennia. The bond proceeds will be deposited into the state building construction account and the state taxable building construction account, and then transferred to various other accounts like the outdoor recreation account, habitat conservation account, and early learning facilities development account to support authorized expenditures from those accounts. The bill requires the state to use general state revenues to pay the principal and interest on the bonds, and provides additional means for raising funds for the bond payments. The bill also declares an emergency, making it effective immediately upon the governor's approval.