SENATE BILL REPORT

SB 6234

BYSenators Bailey, Patterson, Gaspard, Lee, Smith, Zimmerman, Saling, Anderson, Cantu, Newhouse, Metcalf, Deccio, von Reichbauer, Barr, Vognild and Benitz

Approving projects recommended by the public works board.

Senate Committee on Ways & Means

Senate Hearing Date(s):January 28, 1988

Majority Report:  Do pass.

      Signed by Senators McDonald, Chairman; Craswell, Vice Chairman; Bauer, Bluechel, Cantu, Deccio, Fleming, Gaspard, Hayner, Johnson, Lee, Moore, Newhouse, Saling, Smith, Talmadge, Vognild, Williams, Zimmerman.

Senate Staff:Lynn French (786-7715)

                  February 11, 1988

AS PASSED SENATE, FEBRUARY 10, 1988

BACKGROUND:

SHB 461, passed in the 1985 session, created the Public Works Board to make low-interest or interest free loans from the public works assistance account to help local governments finance public works projects.  In calendar year 1986, $17.1 million in loans were offered to 40 local government units, and in calendar year 1987, $17.5 million in loans were offered to 36 local government units. In the 1987 legislative session, $60.03 million was appropriated (of which $25.06 million was a reappropriation) in the 87-89 Capital Budget for allocation by the Legislature to various units of local government.

SUMMARY:

Pursuant to RCW 43.155, $29.2 million from the public works assistance account is allocated to 55 local government units to help finance public works projects in calendar year 1988.

Appropriation:    none

Revenue:    none

Fiscal Note:      none requested

Senate Committee - Testified: No one