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Bill > SB5201


WA SB5201

WA SB5201
Concerning state general obligation bonds and related accounts.


summary

Introduced
01/09/2023
In Committee
03/22/2023
Crossed Over
Passed
Dead
04/12/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

AN ACT Relating to state general obligation bonds and related 2 accounts; amending RCW 43.99U.010, 28A.527.010, 28A.527.020, 3 43.99V.010, 43.100A.316, and 43.100A.311; adding new sections to 4 chapter 43.100A RCW; repealing RCW 43.100A.306; and declaring an 5 emergency. 6

AI Summary

This bill authorizes the state finance committee to issue up to $4.17 billion in general obligation bonds to finance various capital projects and programs described in the state's omnibus capital and operating appropriations acts for the 2021-2023 and 2023-2025 biennia. The proceeds from the bond sales will be deposited into the state building construction account and the state taxable building construction account, and then transferred to other accounts as needed to support the authorized expenditures. The bill also includes provisions related to bond repayment, the expiration of unissued bond authority, and a one-time adjustment to the state's debt capacity calculations.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Senate Rules "X" file. (on 01/08/2024)

Taxonomy

Macroeconomics
  • ‐ National Budget and Debt

bill text


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