HOUSE BILL REPORT
ESSB 5949
As of Second Reading
Title: An act relating to the capital budget.
Brief Description: Concerning the capital budget.
Sponsors: Senate Committee on Ways & Means (originally sponsored by Senators Mullet and Schoesler; by request of Office of Financial Management).
Brief History:
Committee Activity:
None.
Brief Summary of Engrossed Substitute Bill
  • Makes supplemental capital budget appropriations for the 2023-25 biennium.
Staff: Kelci Karl-Robinson (786-7116).
Background:

The capital expenses of state government agencies and programs are funded on a two-year basis through an omnibus capital budget.  The capital budget includes appropriations for acquiring, constructing, and repairing capital assets such as land, buildings, and other infrastructure improvements.  Funding for capital budget appropriations is from state general obligation bonds, dedicated accounts, state trust land revenues, and federal funding sources.  The biennial two-year budget is passed in odd-numbered years, and a supplemental budget, making adjustments to the two-year budget, is passed during even-numbered years.  The current capital budget covers the period from July 1, 2023, through June 30, 2025.
Summary of Bill:

The Senate?s proposed 2024 Supplemental Capital Budget increases new appropriations by $1.3 billion for capital projects, of which $118 million is financed through general obligation bond proceeds.
Appropriation: This bill contains multiple appropriations. Please refer to the bill and supporting documents.
Fiscal Note: Not requested.
Effective Date of Substitute Bill: The bill contains an emergency clause and takes effect immediately.
Staff Summary of Public Testimony:

(In support) None.


(Opposed) None.
Persons Testifying: None.
Persons Signed In To Testify But Not Testifying: None.