BILL · 2009–10 SESSION · LATEST VERSION SHB 2985

HB 2985: Local govt infrastructure

Concerning infrastructure financing for local governments.

Summary

  • Increases the total "state contribution" for the Local Revitalization Financing (LRF) program by $1.95 million, and dedicates the increase to six named demonstration projects for 2010.
  • Provides two ways for a taxing district to participate in a LRF program on a partial basis.
  • Authorizes a sponsoring local government to issue revenue bonds payable by revenues deposited into a special fund.
  • Authorizes an increment and revitalization area to overlap if three conditions are met, but does not allow increased local property taxes from the revitalization area to be distributed to the sponsoring local government to pay the costs of the public improvements.

From the House Bill Report (HB 2985), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 19, 2010
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Marcie Maxwell (D-41)
Introduced
January 19, 2010 in the House
Last action
March 15, 2010
Companion bill
SB 6609
Budget
Has a fiscal note
Versions
HB 2985, SHB 2985

AN ACT Relating to infrastructure financing for local governments;

Sponsors

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SHB 2985)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Finance. (SHB 2985)
  4. Referred to Finance.
  5. Minority; do not pass. (SHB 2985)
  6. CEDT - Majority; 1st substitute bill be substituted, do pass. (SHB 2985)
  7. CEDT - Executive action taken by committee.
  8. CEDT - Majority; 1st substitute bill be substituted, do pass.
  9. Minority; do not pass.
  10. First reading, referred to Community & Economic Development & Trade.

HB 2985 in other sessions

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

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