WA SB5194

Authorizes the state finance committee to issue up to $4,686,979,000 in general obligation bonds to finance capital projects for the 2023-2025 and 2025-2027 fiscal biennia

Allocates $4,123,420,000 to the state building construction account and $563,559,000 to the state taxable building construction account

Directs bond proceeds to be transferred to the outdoor recreation account, habitat conservation account, farm and forest account, and Ruth LeCocq Kagi early learning facilities accounts as needed

Requires the debt-limit general fund bond retirement account to be used for principal and interest payments, with the state finance committee certifying amounts due by June 30th annually

Passed unanimously (Senate 47-0, House 98-0) and took effect immediately on May 20, 2025 as an emergency measure