Concerning fish habitat restoration.
What changed between versions
Changed the bond type from 'special tax obligation bonds' to 'special tax revenue bonds' to ensure the debt is not counted against the state's general debt limit.
Adjusted the tax rate on light and power utility businesses from 2.011 percent to 2.01053 percent.
Added a specific effective date of January 1, 2026, for the tax and bond provisions.
Removed the 15-year expiration limit on bond issuance authorization, replacing it with a clause that expires only after the full authorization is issued and dispersed.
Modified the contingency clause to trigger expiration only if a state supreme court ruling requires bond debt to be included in the state's aggregate debt calculation.
Updated the bill title and sponsor attribution to reflect that it was referred to the Senate Ways & Means committee and to clarify the legislative intent regarding the federal court injunction.