FINAL BILL REPORT
ESHB 2380
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. |
PARTIAL VETO
C 35 L 16 E 1
Synopsis as Enacted
Brief Description: Concerning the supplemental capital budget.
Sponsors: House Committee on Capital Budget (originally sponsored by Representatives Tharinger and DeBolt; by request of Office of Financial Management).
House Committee on Capital Budget
Background:
Washington operates on a biennial budget cycle. The Legislature authorizes expenditures for capital needs in the 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. Historically, about half of the capital budget has been 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 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.
The 2015-17 enacted capital budget covers the period from July 1, 2015, through June 30, 2017. It includes $3.7 billion in new appropriations, of which $2.2 billion is financed from state general obligation bonds and $1.5 billion is financed from other funds. In addition, various agencies are authorized to enter into $225 million in alternative financing contracts for specific projects.
Summary:
New supplemental capital appropriations are made for the 2015-17 biennium totaling $95.4 million, including $89.7 million in general obligation bonds and $5.7 million in other funds. In addition, reappropriations are reduced by a total of $39.8 million, including a reduction of $423,000 in general obligation bonds. Four community and technical colleges are authorized to enter into alternative financing contracts for projects totaling up to $74.4 million.
Votes on Final Passage:
First Special Session
House | 86 | 9 | |
Senate | 38 | 5 |
Effective: | April 18, 2016 |
Partial Veto Summary: The Governor: (1) vetoed section 6009 that requires the Office of Financial Management to verify the results of its life cycle cost analyses with an independent consultant selected by the chairs of the House and Senate Capital Budget Committees; and vetoed section 6011 that amends the State Drought Preparedness Account to be used for drought response.