SENATE BILL REPORT
HB 2271
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. |
As of February 25, 2020
Title: An act relating to correcting a reference to an omnibus transportation appropriations act within a prior authorization of general obligation bonds for transportation funding.
Brief Description: Correcting a reference to an omnibus transportation appropriations act within a prior authorization of general obligation bonds for transportation funding.
Sponsors: Representatives Duerr and Rude; by request of State Treasurer.
Brief History: Passed House: 2/12/20, 95-0.
Committee Activity: Transportation: 2/24/20.
Brief Summary of Bill |
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SENATE COMMITTEE ON TRANSPORTATION |
Staff: Hayley Gamble (786-7452)
Background: Large transportation funding proposals typically include a bond bill authorizing a set amount of bonding to be used for specific capital expenditures. Transportation funding proposals passed by the Legislature in 2003 and 2015 included bond bills authorizing bonding to be used for transportation projects identified as part of the 2003 or 2015 proposals in an omnibus transportation budget bill. Projects are associated with a specific transportation proposal via the project lists produced each year as part of the transportation budget process.
The Transportation Partnership (TPA) funding package was enacted in 2005 and included legislation authorizing bonds for transportation projects designated as TPA projects in the transportation budget. During the codification process in 2005 a reference to "the omnibus transportation budget" was changed to reference the session law for the 2005-07 Transportation Budget.
Summary of Bill: Language is broadened to allow 2005 TPA bonding authority to be used on projects identified as TPA projects in any omnibus transportation budget.
Appropriation: None.
Fiscal Note: Not requested.
Creates Committee/Commission/Task Force that includes Legislative members: No.
Effective Date: Ninety days after adjournment of session in which bill is passed.
Staff Summary of Public Testimony: PRO: In 2005, the TPA revenue package had a list of projects that are likely finished and this legislation will open things up to bond other projects. This is a simple but important bill that corrects and error and prevents a problem. The Office of the State Treasurer supports this bill.
Persons Testifying: PRO: Representative Davina Duerr, Prime Sponsor; Jason Richter, Deputy Treasurer, Office of the State Treasurer.
Persons Signed In To Testify But Not Testifying: No one.