| Washington State House of Representatives Office of Program Research |
BILL ANALYSIS |
| Capital Budget Committee | |
HB 2765
This analysis was prepared by non-partisan legislative staff for the use of legislative members in
their deliberations. This analysis is not a part of the legislation nor does it constitute a
statement of legislative intent.
Brief Description: Making 2008 supplemental capital appropriations.
Sponsors: Representative Fromhold; by request of Office of Financial Management.
Brief Summary of Bill |
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Hearing Date: 1/29/08
Staff: Susan Howson (786-7142).
Background:
Washington operates on a biennial budget cycle. The Legislature authorizes expenditures for
capital needs in the Capital Budget for a two-year period, and authorizes bond sales through
passage of a bond bill associated with the Capital Budget to fund a portion of these expenditures.
The current Capital Budget covers the period from July 1, 2007 through June 30, 2009.
Summary of Bill:
Supplemental Capital Budget appropriations of $243 million are made for the 2007-09 biennium.
The Supplemental Capital Budget appropriates $202 million for new projects from state general
obligation bonds. (See budget highlights.) Of this amount, $50 million requires the passage of a
new bond bill.
Appropriation: The sum of $243 million in new appropriations.
Fiscal Note: Not requested.
Effective Date: The bill contains an emergency clause and takes effect immediately.