Washington State House of Representatives Office of Program Research | BILL ANALYSIS |
Capital Budget Committee |
HB 1115
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, DeBolt, Gregerson, Morris and Reykdal; by request of Governor Inslee.
Brief Summary of Bill |
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Hearing Date: 1/20/15
Staff: Meg VanSchoorl (786-7105)
Background:
Washington operates on a biennial budget cycle. The Legislature authorizes expenditures for capital needs in the State Omnibus Capital Appropriations Act (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 is often passed during the even-numbered years. The current Capital Budget covers the period from July 1, 2013 through June 30, 2015.
The Capital Budget includes appropriations for the acquisition, construction, and repair of capital assets such as state office buildings, prisons, juvenile rehabilitation centers, residential habilitation centers, mental health facilities, military readiness centers, and higher education facilities. The Capital Budget also funds a variety of environmental and natural resource projects, parks and recreational facilities, public K-12 school construction, and grant and loan
programs that support housing, public infrastructure, community service facilities, and art and historical projects.
Summary of Bill:
The 2015-17 Capital Budget authorizes new appropriations totaling $3.6 billion, of which $2.2 billion is financed with state general obligation bonds. It authorizes state agencies to enter into a variety of alternative financing contracts totaling $232 million. It also authorizes reappropriations totaling $3.2 billion for uncompleted projects approved in prior biennia.
Appropriation: The sum of $3.6 billion in new appropriations and $3.2 billion in reappropriations.
Fiscal Note: Not requested.
Effective Date: The bill contains an emergency clause and takes effect immediately.