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WA SB5133

WA SB5133
Concerning state general obligation bonds and related accounts.


summary

Introduced
01/14/2019
In Committee
04/01/2019
Crossed Over
Passed
Dead
03/12/2020

Introduced Session

2019-2020 Regular Session

Bill Summary

AN ACT Relating to state general obligation bonds and related1accounts; adding new sections to chapter 43.100A RCW; and declaring2an emergency.3

AI Summary

This bill authorizes the state finance committee to issue up to $3.06 billion in general obligation bonds to finance projects described in the omnibus capital and operating appropriations acts for the 2017-2019 and 2019-2021 biennia. The proceeds from the bond sale will be deposited in the state building construction account, with a portion going to the state taxable building construction account. The bonds will be repaid from the debt-limit general fund bond retirement account, to which the state treasurer will transfer funds as needed. The bill also provides that the legislature may provide additional means for repaying the bonds and declares the act to be immediately effective.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Senate Rules "X" file. (on 01/13/2020)

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