Establishes a Washington state public bank to increase public financing capacity and leverage state funds for infrastructure and economic development.

The bill creates the Washington state public bank to increase the state's public financing capacity without raising taxes or increasing debt. The bank will leverage state funds to finance infrastructure and economic development projects, aiming to lower borrowing costs and generate profits for the state. The bank will be owned by the people of Washington and managed by the state treasurer. It can issue bonds, make loans, and invest state funds to stimulate economic growth and create jobs. The bank will prioritize investments that increase the supply of public housing.

Establishes a Washington state public bank to increase public financing capacity and leverage state funds for infrastructure and economic development.

The bill creates the Washington state public bank to increase the state's public financing capacity without raising taxes or increasing debt. The bank will leverage state funds to finance infrastructure and economic development projects, aiming to lower borrowing costs and generate profits for the state. The bank will be owned by the people of Washington and managed by the state treasurer. It can issue bonds, make loans, and invest state funds to stimulate economic growth and create jobs. The bank will prioritize investments that increase the supply of public housing.