Washington SB5194 authorizes the issuance of state general obligation bonds to finance capital projects.

Washington SB5194 allows the state finance committee to issue general obligation bonds to finance projects authorized by the legislature in the 2023-2025 and 2025-2027 fiscal biennia. The proceeds from these bonds will be allocated to various state accounts, including the state building construction account, the outdoor recreation account, the habitat conservation account, the farm and forest account, and the Ruth LeCocq Kagi early learning facilities development account. The state treasurer will manage the transfers of these bond proceeds to ensure they are used for their intended purposes.

Washington SB5194 authorizes the issuance of state general obligation bonds to finance capital projects.

Washington SB5194 allows the state finance committee to issue general obligation bonds to finance projects authorized by the legislature in the 2023-2025 and 2025-2027 fiscal biennia. The proceeds from these bonds will be allocated to various state accounts, including the state building construction account, the outdoor recreation account, the habitat conservation account, the farm and forest account, and the Ruth LeCocq Kagi early learning facilities development account. The state treasurer will manage the transfers of these bond proceeds to ensure they are used for their intended purposes.