WA HB2021

Authorizes the Public Works Board to issue nonrecourse revenue bonds up to $4 billion in outstanding indebtedness to finance public works infrastructure projects without using public funds or lending state/local government credit

Expands board powers to include suing and being sued, executing contracts, opening accounts, employing professional staff (attorneys, financial advisors, underwriters), and conducting feasibility studies

Requires the board to adopt a general plan of public works infrastructure objectives, maintain a roster of qualified bond counsel attorneys, and establish written policies for selecting underwriters through a competitive process

Prohibits the board from engaging in commercial banking, financing housing (chapter 43.180 RCW), health care facilities (chapter 70.37 RCW), or higher education facilities (chapter 28B.07 RCW)

Removes requirement that the legislature must appropriate funds before the board can financially obligate the public works assistance account, and caps maximum funding at $10 million per jurisdiction per biennium