WA People
BILL · 2009–10 SESSION

SB 5923: Affordable housing programs

Funding affordable housing programs through interest accrued on residential landlord/tenant security deposits.

Summary

  • Banks or escrow agents holding trust accounts holding tenants' security deposits must transfer the interest on these accounts monthly to the Affordable Housing for All Account held by the State Treasurer. The banks or escrow agents may charge reasonable deposit processing charges, which are enumerated.

From the Senate Bill Report (Orig.) (SB 5923), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 6, 2009
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Adam Kline (D-37)
Introduced
February 6, 2009 in the Senate
Last action
March 15, 2010

AN ACT Relating to funding affordable housing programs through interest accrued on residential landlord/tenant security deposits;

Sponsors

Prime sponsor: Adam Kline (D-37)

1 co-sponsor (1 Democrat, 0 Republicans)

Darlene Fairley D-32

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5923 in other sessions

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

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