Bill
Bill > SB5084
summary
Introduced
01/11/2021
01/11/2021
In Committee
03/27/2021
03/27/2021
Crossed Over
04/23/2021
04/23/2021
Passed
04/26/2021
04/26/2021
Dead
Signed/Enacted/Adopted
05/18/2021
05/18/2021
Introduced Session
2021-2022 Regular Session
Bill Summary
AN ACT Relating to state general obligation bonds and related accounts; adding a new chapter to Title 43 RCW; and declaring an emergency.
AI Summary
This bill authorizes the state of Washington to issue $3,971,290,793 in general obligation bonds to finance various projects described in the state's capital and operating budgets for the 2019-2021 and 2021-2023 fiscal biennia. The bond proceeds will be deposited into the State Building Construction Account and the State Taxable Building Construction Account, with portions of the funds transferred to other accounts such as the Outdoor Recreation Account and the Early Learning Facilities Development Account to support authorized expenditures from those accounts. The bill also establishes the procedures for the payment and retirement of the bonds, including the use of the Debt-Limit General Fund Bond Retirement Account.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Effective date 5/18/2021. (on 05/18/2021)
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