BillTracker

Concerning state general obligation bonds and related accounts (Frockt, Honeyford, Mullet)

Summary TBA.

SUMMARY OF CHANGES OF 1ST SUBSTITUTE TO ORIGINAL:
(1) Page 1, Section 101, reduces the general obligation bond authorization by $15 million; this reflects adjustment of the debt model to account for the $300 million in bonds authorized in Section 201. (2) Page 1, Section 102, reduces the tax-exempt bond proceeds transferred to the State Building Construction Account by $15 million; this reflects adjustment of the debt model to account for the $300 million in bonds authorized in Section 201. (3) Page 4, Section 201, authorizes the State Finance Committee to issue general obligation bonds for the watershed and fisheries restoration and enhancement program and increases the authorization from $200 million to $300 million. (5) Page 4, Section 202, deletes the intent section that the bonds authorized in Section 201 are within the Constitutional debt limit

EFFECT OF 1ST SUBSTITUTE ON ORIGINAL:
The substitute makes a technical amendment. Corrects an error. Watershed restoration and enhancement bonds are to be issued over 15 years, not 5 biennia.

Hearing Date: Thursday, January 11, 2018 -- 3:30 pm

WA State Legislature Link:
http://app.leg.wa.gov/billsummary?BillNumber=6089&Year=2017    (opens a new browser tab)