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WA SB6148

WA SB6148
Modifying the maximum terms of regional transit authority bond issues.


summary

Introduced
01/14/2026
In Committee
02/14/2026
Crossed Over
02/11/2026
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT Relating to modifying the maximum terms of regional 2 transit authority bond issues; and amending RCW 81.112.130 and 3 81.112.140. 4

AI Summary

This bill modifies the maximum terms for bond issues by regional transit authorities, allowing both general obligation bonds and revenue bonds to have a maximum term of 75 years, an increase from previous limits. However, it introduces a significant condition: if a regional transit authority issues any bonds with a maximum term exceeding 40 years, it will become ineligible to receive funds from the regional mobility grant program, which is a state program designed to support transportation projects.

Committee Categories

Transportation and Infrastructure

Sponsors (2)

Last Action

Public hearing in the House Committee on Transportation at 4:00 PM. (on 02/19/2026)

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