HB 2299 - DIGEST

(SUBSTITUTED FOR - SEE 1ST SUB)

Authorizes the state finance committee to issue general obligation bonds of the state of Washington in the sum of one billion two hundred twenty-eight million dollars, or as much thereof as may be required, to finance these projects and all costs incidental thereto. Bonds authorized in this act may be sold at such price as the state finance committee shall determine. No bonds authorized in this act may be offered for sale without prior legislative appropriation of the net proceeds of the sale of the bonds.

Provides that the proceeds from the sale of the bonds authorized in this act shall be deposited in the state building construction account created by RCW 43.83.020. The proceeds shall be transferred as indicated.