SENATE BILL REPORT

                   SB 5104

                      As of March 6, 1996

Title:  An act relating to the capital budget.

Brief Description:  Adopting the capital budget.

Sponsors:  Senators Loveland and West; by request of Office of Financial Management.

Brief History:

Committee Activity:  Ways & Means:  3/6/96.

SENATE COMMITTEE ON WAYS & MEANS

Staff:  Steve Jones (786-7440)

Background:  In odd-numbered years, the Legislature makes biennial appropriations for facility construction, land acquisition, and other capital purposes of the agencies of the state.  In even-numbered years, a supplemental capital budget is adopted.

Funding for capital projects typically is provided from various dedicated funds and accounts and by the issuance of state general obligation bonds.

Summary of Bill:  Capital appropriations for the 1995-97 biennium are modified, and some new capital projects are authorized.  Net new appropriations of $14 million in state bond proceeds and $61 million from other funds are provided. 

Appropriation:   See above.

Fiscal Note:  Not requested.

Effective Date:  The bill contains an emergency clause and takes effect immediately.