SENATE BILL REPORT
SB 5096
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. |
As of January 14, 2015
Title: An act relating to the capital budget.
Brief Description: Concerning the supplemental capital budget.
Sponsors: Senators Honeyford and Keiser; by request of Governor Inslee.
Brief History:
Committee Activity: Ways & Means:
SENATE COMMITTEE ON WAYS & MEANS |
Staff: Brian Sims (786-7431)
Background: Washington State 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 one-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 biennial two-year Capital Budget is enacted in the odd-numbered years, and a supplemental budget making adjustments to the two-year budget is typically enacted during the even-numbered years. The current Capital Budget covers the period from July 1, 2013, through June 30, 2015.
Summary of Bill: Supplemental Capital Budget appropriation adjustments and alternative financing authorizations are made for the 2013-15 biennium.
Appropriation: Various.
Fiscal Note: Not requested.
Committee/Commission/Task Force Created: No.
Effective Date: The bill contains an emergency clause and takes effect immediately.