WA People
BILL · 1997–98 SESSION

SB 5371: Utility short-term notes

Exempting regulated utilities from seeking commission preapproval of some short-term notes having a maturity of twelve or fewer months.

Summary

  • Issuances of nonrefundable notes payable at periods of not more than 12 months are exempt from the statutory requirement to file with the UTC before the issuance. This exemption does not extend to notes payable at periods of not more than 12 months which are issued as part of a single borrowing transaction of $1 million or more by a public service company subject to the Federal Power Act.

From the Senate Bill Report (SB 5371), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 24, 1997
  2. Out of committee
  3. Passed SenateMar 6, 1997
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Dino Rossi (R-5)
Introduced
January 24, 1997 in the Senate
Last action
February 12, 1998
Requested by
Other
Companion bill
HB 1610

Sponsors

Prime sponsor: Dino Rossi (R-5)

4 co-sponsors (1 Democrat, 3 Republicans)

Lisa Brown D-3Harold Hochstatter R-13Gary Strannigan R-38Shirley Winsley R-28

Votes

Senate · Final Passage

March 6, 1997
Version voted on: SB 5371
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat22001
Republican24002
How each member voted

Yea (46)

Excused (3)

Permalink to this vote

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5371 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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