WA People
BILL · 2023–24 SESSION · LATEST VERSION SHB 1103

HB 1103: Capital vessel rep. account

Avoiding interest arbitrage charges on bond proceeds in the capital vessel replacement account.

Summary

  • Eliminates transfers of $45.5 million in bond proceeds and $1.5 million for debt service payments during the 2021-23 fiscal biennium from the Transportation Partnership Account to the Capital Vessel Replacement Account.
  • Adds a transfer of $35.5 million in previously issued bond proceeds from the Capital Vessel Replacement Account to the Transportation Partnership Account, effective during the 2021-23 fiscal biennium.

From the Substitute House Bill Report (SHB 1103), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 2, Laws of 2023
  1. IntroducedJan 9, 2023
  2. Out of committeeJan 24, 2023
  3. Passed HouseFeb 1, 2023
  4. Passed SenateFeb 8, 2023
  5. GovernorFeb 16, 2023
  6. LawFeb 16, 2023
Prime sponsor
Jake Fey (D-27)
Introduced
January 9, 2023 in the House
Last action
February 16, 2023
Session law
Chapter 2, Laws of 2023
Companion bill
SB 5276
Budget
Has a fiscal note
Versions
HB 1103, SHB 1103

AN ACT Relating to avoiding interest arbitrage charges on bond proceeds in the capital vessel replacement account;

Sponsors

Prime sponsor: Jake Fey (D-27)

2 co-sponsors (1 Democrat, 1 Republican)

Andrew Barkis R-2Sharon Wylie D-49

Votes

House · 3rd Reading & Final Passage

Passed February 1, 2023
Version voted on: SHB 1103
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat57001
Republican40000
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed February 8, 2023
Version voted on: SHB 1103
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29000
Republican20000
How each member voted

Yea (49)

Permalink to this vote

History

  1. Effective date 2/16/2023. (SHB 1103)
  2. Chapter 2, 2023 Laws. (SHB 1103)
  3. Governor signed. (SHB 1103)
  4. Delivered to Governor. (SHB 1103)
  5. President signed. (SHB 1103)
  6. Speaker signed. (SHB 1103)
  7. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (SHB 1103)
  8. Rules suspended. Placed on Third Reading. (SHB 1103)
  9. Read first time, rules suspended, and placed on second reading calendar. (SHB 1103)
  10. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1. (SHB 1103)
  11. Rules suspended. Placed on Third Reading. (SHB 1103)
  12. 1st substitute bill substituted. (SHB 1103)
  13. 1st substitute bill substituted.
  14. Rules Committee relieved of further consideration. Placed on second reading. (SHB 1103)
  15. Rules Committee relieved of further consideration. Placed on second reading.
  16. Referred to Rules 2 Review. (SHB 1103)
  17. Referred to Rules 2 Review.
  18. TR - Majority; 1st substitute bill be substituted, do pass. (SHB 1103)
  19. TR - Executive action taken by committee.
  20. TR - Majority; 1st substitute bill be substituted, do pass.
  21. First reading, referred to Transportation.
  22. Prefiled for introduction.

HB 1103 in other sessions

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

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