H-1343.1Z-0107.1 SUBSTITUTE HOUSE BILL 1081 State of Washington 67th Legislature 2021 Regular Session By House Capital Budget (originally sponsored by Representatives Tharinger, Wylie, Callan, and Hackney;
by request of Office of Financial Management)Management READPrefiled FIRST01/05/21. TIME 04/02/21.
Read first time 01/11/21.
Referred to Committee on Capital Budget.
For the purpose of providing funds to finance the projects described and authorized by the legislature in the omnibus capital and operating appropriations acts for the 2019-2021 and 2021-2023 fiscal biennia, and all costs incidental thereto, the state finance committee is authorized to issue general obligation bonds of the state of Washington in the sum of $3,672,780,000,$4,800,864,745, or as much thereof as may be required, to finance these projects and all costs incidental thereto.
1 SHBHB 1081 (a) $3,440,555,000$4,240,065,000 to remain in the state building construction account created by RCW 43.83.020;
(b) $232,225,000$560,800,000 to the state taxable building construction account.
(2)(a)(2) The state treasurer shall transfer bond proceeds deposited in the state building construction account into the outdoor recreation account created by RCW 79A.25.060, the habitat conservation account created by RCW 79A.15.020, the farm and forest account created by RCW 79A.15.130, and the Ruth Lecocq Kagi early learning facilities development account created by RCW 43.31.569, at various times and in various amounts necessary to support authorized expenditures from those accounts.
(b)(3) TheThese stateproceeds treasurer shall transferbe bondused proceedsexclusively depositedfor in the statepurposes taxablespecified buildingin constructionthis accountsection intoand for the Ruthpayment Lecocqof Kagiexpenses earlyincurred learningin facilitiesthe revolvingissuance accountand createdsale byof RCWthe 43.31.569bonds atissued variousfor timesthe purposes of this section, and inshall variousbe amountsadministered necessaryby tothe supportoffice authorizedof expendituresfinancial frommanagement thatsubject account.to legislative appropriation.
2 SHBHB 1081 (3)NEW TheseSECTION. proceeds shall be used exclusively for the purposes specified in this section and for the payment of expenses incurred in the issuance and sale of the bonds issued for the purposes of this section, and shall be administered by the office of financial management subject to legislative appropriation.
NEW SECTION.
Sections 1 through 5 and 8 of this act constitute a new chapter in Title 43 RCW.
p.NEW SECTION.
3 SHB 1081 NEW SECTION.
NEWp. SECTION.
3 HB 1081 NEW SECTION.
4 SHBHB 1081