WA People
BILL · 2003–04 SESSION

SB 6540: Transportation debt limit

Creating a transportation debt limit.

Summary

  • The aggregate principal and interest payments on bonds which are backed by state transportation bond payment revenue may not exceed 22 percent of total state transportation bond payment revenues. State transportation bond payment revenues are defined as the portion of the fuel tax that is distributed to the state and all state license fees on motor vehicles.

From the Senate Bill Report (SB 6540), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 22, 2004
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Mary Margaret Haugen (D-10)
Introduced
January 22, 2004 in the Senate
Last action
January 22, 2004

AN ACT Relating to state transportation bond payment revenue;

Sponsors

Prime sponsor: Mary Margaret Haugen (D-10)

7 co-sponsors (5 Democrats, 2 Republicans)

Don Benton R-17Senator D-35Erik Poulsen D-34Harriet Spanel D-40Shirley Winsley R-28Ken Jacobsen D-46Jim Kastama D-25

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Highways & Transportation.

SB 6540 in other sessions

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

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