Authorizing the public works board to issue bonds for the purpose of financing public works infrastructure projects.

 H-1459.1

HOUSE BILL 2021

State of Washington

69th Legislature

2025 Regular Session

By Representatives Steele and Pollet

Read first time 02/24/25. Referred to Committee on Capital Budget.

AN ACT Relating to authorizing the public works board to issue bonds for the purpose of financing public works infrastructure projects; amending RCW 43.155.010 , 43.155.020 , 43.155.040 , 43.155.060 , and 43.155.070 ; adding new sections to chapter 43.155 RCW; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

Sec. 1. RCW 43.155.010 and 2017 3rd sp.s. c 10 s 1 are each amended to read as follows:

The legislature finds that there exists in the state of Washington over four billion dollars worth of critical projects for the planning, acquisition, construction, repair, replacement, rehabilitation, or improvement of streets and roads, bridges, water systems, and storm and sanitary sewage systems. The December, 1983 Washington state public works report prepared by the planning and community affairs agency documented that local governments expect to be capable of financing over two billion dollars worth of the costs of those critical projects but will not be able to fund nearly half of the documented needs.