BillTracker

Concerning state general obligation bonds and related accounts (Tharinger, DeBolt)

Authorizes the state finance committee to issue general obligation bonds to provide funds to finance the projects described and authorized by the legislature in the omnibus capital and operating appropriations acts for the 2017-2019 fiscal biennium.



SUMMARY OF 2ND SUBSTITUTE ON 1ST SUBSTITUTE
(1) Authorizes the State Finance Committee to issue up to $2.945 billion in general obligation bonds to finance projects in the 2017-19 Capital Budget. (2) Adds a June 30, 2018, expiration date to several bond authorizations that remain unissued

SUMMARY OF ENGROSSED 2ND SUBSTITUTE COMPARED TO 2ND SUBSTITUTE
(1) Authorizes the State Finance Committee (Committee) to issue up to $2,930,230,000 in general obligation bonds to finance projects in the 2017-19 Capital Budget, and to pay issuance and bond sale expenses. (2) Authorizes the Committee to issue up to $300 million in general obligation bonds over fifteen years, beginning in the 2017-19 biennium, to finance watershed restoration and enhancement projects. (3) Deletes prior bond authorizations

WA State Legislature Link:
http://app.leg.wa.gov/billsummary?BillNumber=1080&Chamber=House&Year=2017    (opens a new browser tab)