Concerning local government infrastructure funding.
Summary
Modifies the Public Works Board (Board) composition and membership, including adding four legislative members.
Authorizes the Board to provide grants, forgivable loans, and interest rate buy-downs for certain preconstruction, construction, and emergency projects.
Removes a requirement that the Board submit a ranked list for funding and that the Legislature fund specific projects from the ranked list.
Specifies criteria the Board must use when prioritizing funding for projects and adds requirements related to determining loan interest rates.
Requires an annual report regarding the prior fiscal year activities related to applications received, projects funded, and obligations of funding.
Increases the amount of funds for preconstruction and emergency projects from 15 percent to 20 percent of appropriated amounts and sets the amount of funds for grants at 10 percent of appropriated amounts.
From the Engrossed Substitute House Bill Report (ESHB 1677), written by the Legislature's nonpartisan staff. Read the full report ↗
Enacted (partial veto)Enacted with partial veto · Chapter 10, Laws of 2017, 3rd Special Session