BILL · 2023–24 SESSION
SB 5276: Capital vessel rep. account
Avoiding interest arbitrage charges on bond proceeds in the capital vessel replacement account.
Summary
- States legislative intent to repurpose bond proceeds to allow the Department of Transportation to spend the proceeds within internal revenue service timelines to avoid arbitrage payments.
- Adjusts administrative transfers in the 2022 supplemental transportation budget.
- Contains an emergency clause and takes effect immediately.
From the Senate Bill Report (SB 5276), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 11, 2023
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Curtis King (R-14)
- Introduced
- January 11, 2023 in the Senate
- Last action
- January 8, 2024
- Companion bill
- HB 1103
- Budget
- Has a fiscal note
AN ACT Relating to avoiding interest arbitrage charges on bond proceeds in the capital vessel replacement account;
Sponsors
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- First reading, referred to Transportation.
SB 5276 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5276 (2025–26) Institution reimburse. rates
- SB 5276 (2021–22) Significant legislative rule
- SB 5276 (2019–20) Hemp production
- SB 5276 (2017–18) Retirement system opt-out
- SB 5276 (2015–16) Property tax refund/errors
- SB 5276 (2013–14) Designated agricultural land
- SB 5276 (2011–12) Family & med leave insurance
- SB 5276 (2009–10) University engineering progs