Introduced by Sen. Karen Fraser, (D-Thurston County) (D) on January 27, 2009, authorizes the issue of $398 million in general obligation bonds to finance projects described in the economic stimulus capital budget. Proceeds are authorized to be deposited in the state building construction account, except for $3 million, which is authorized to go to the outdoor recreation account. Directs the debt-limit general fund bond retirement account to be used for payment on principal and interest. (See also Companion HB 1451).
Referred to the Senate Ways & Means Committee on January 27, 2009.