Creating the public works revolving trust account.
Summary
Creates the Public Works Revolving Trust Account in the State Treasury.
Provides that repayments of loans from local governments made from the Public Works Assistance Account and the Public Works Revolving Trust Account are paid into the Public Works Revolving Trust Account.
Adds the Public Works Revolving Trust Account as one of the funds or accounts that the Public Works Board may use to make loans or grants to local governments for financing public works projects.
From the Substitute Senate Bill Report (SSB 5303), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House