WashingtonVotes.org
your lawmakers' votes at your fingertips
your lawmakers' votes at your fingertips
Legislation watch
2011 House Bill 1761: Limiting private activity bond issues by out-of-state issuers
Introduced by Rep. Hans Dunshee (Snohomish) (D) on February 1, 2011
To prohibit the department of commerce from making an allocation of the state bond ceiling to an issuer formed or organized under the laws of another state. The bill requires that an out-of-state issuer must receive prior approval from the statewide issuer authorized to issue bonds for a proposed project. This policy is intended to more effectively monitor the use of federal subsidies within the state. (Companion: SB 5618). Official Text and Analysis.
Referred to the House Capital Budget Committee on February 1, 2011
Substitute offered in the House on February 18, 2011
Makes a technical amendment to clarify that the issuer who must receive prior approval is an issuer formed or organized under another state's laws.
The substitute passed by voice vote in the House on February 18, 2011
Referred to the House Rules Committee on February 22, 2011
To require an out-of-state issuer of private activity bonds proposing to issue bonds for a project in Washington to submit specified information to the relevant Washington statewide bond issuing authority.
Received in the Senate on March 4, 2011
Referred to the Senate Financial Institutions, Housing & Insurance Committee on March 4, 2011
Referred to the Senate Rules Committee on March 17, 2011
Amendment offered by Sen. Don Benton (Vancouver) (R) on April 7, 2011
To require each statewide bond issuing authority to document and provide reports, within existing funds, to the appropriate committees of the legislature identifying the number of out-of-state bond issuers that have proposed to issue bonds in the state and whether or not such proposals were approved by the statewide bond issuing authority.
The amendment passed by voice vote in the Senate on April 7, 2011
Requires an out-of-state issuer of private activity bonds proposing to issue bonds for a project in Washington to submit specified information to the relevant Washington statewide bond issuing authority. This bill also requires each statewide bond issuing authority to document and provide reports, within existing funds, to the appropriate committees of the legislature identifying the number of out-of-state bond issuers that have proposed to issue bonds in the state and whether or not such proposals were approved by the statewide bond issuing authority.
Received in the House on April 14, 2011
House concurred with the Senate amendments. This bill requires an out-of-state issuer of private activity bonds proposing to issue bonds for a project in Washington to submit specified information to the relevant Washington statewide bond issuing authority. This bill also requires each statewide bond issuing authority to document and provide reports, within existing funds, to the appropriate committees of the legislature identifying the number of out-of-state bond issuers that have proposed to issue bonds in the state and whether or not such proposals were approved by the statewide bond issuing authority.
Signed by Gov. Christine Gregoire on April 29, 2011