Washington State House of Representatives Office of Program Research | BILL ANALYSIS |
Capital Budget Committee |
HB 2168
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: Concerning the capital budget.
Sponsors: Representatives Dunshee, Jinkins, Tharinger, Ladenburg and Kenney; by request of Governor Gregoire.
Brief Summary of Bill |
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Hearing Date: 1/10/12, 2/23/12
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. Approximately half of the capital budget is financed by these state-issued general obligation bonds, and the balance is funded by dedicated accounts, trust revenue, and federal funding sources. The primary two-year budget is passed in the odd-numbered years, and a supplemental budget making adjustments to the two-year budget often is passed during the even-numbered years. The current capital budget covers the period from July 1, 2011, through June 30, 2013.
Summary of Bill:
New supplemental capital budget appropriations of $184.2 million are made for the 2011-13 biennium, including all appropriation increases and decreases.
Appropriation: The sum of $184.2 million.
Fiscal Note: Not requested.
Effective Date: The bill contains an emergency clause and takes effect immediately.