5922-S AMH CB H3108.1

SSB 5922 - H COMM AMD ADOPTED 4-11-97

By Committee on Capital Budget

    On page 1, beginning on line 7, after "biennium," strike all material through "RCW 39.42.060." on line 12, and insert "the governor's capital budget document shall identify in the capital plan all proposed expenditures subject to RCW 39.42.060 for capital projects in which the state does not have a majority real property ownership interest.  If such proposed expenditures for those capital projects in a biennium exceed ten percent of the total proposed capital budget expenditures subject to RCW 39.42.060 for that biennium, the document shall identify the cost of annual debt service payments associated with the expenditures for those capital projects, include a statement of the reason or purpose for the expenditures, and describe the benefits to the state from such expenditures."

EFFECT:  Deletes the restriction that the capital budget can not spend more bond money on nonstate projects than the prior biennial budget.

    Adds the requirement that the governor's capital budget document identify all proposed bond expenditures for nonstate projects if those expenditures are more than 10% of the total budget for bond funds.  The governor's budget document is also required to justify the purpose of those expenditures.

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