Washington legislation · 2025-26 Regular Session
Washington SB6148: RTA bond issues maximum term
Status: Passed one chamber, March 12, 2026
Modifying the maximum terms of regional transit authority bond issues.
What the bill says
An act Relating to modifying the maximum terms of regional transit authority bond issues; and amending RCW 81.112.130 and 81.112.140.
From the introduced text:
AN ACT Relating to modifying the maximum terms of regional transit authority bond issues; and amending RCW 81.112.130 and 81.112.140. Sec. 1. RCW 81.112.130 and 1992 c 101 s 13 are each amended to read as and with the assent of three-fifths of the voters therein voting at an election called for that purpose, may contract indebtedness or borrow money for authority purposes and may issue general obligation bonds therefor, provided the total indebtedness of the authority shall not exceed five percent of the value of the taxable property therein. Such bonds shall be issued and sold in accordance with chapter 39.46 RCW, except that the maximum term of any general obligation bond issue shall be 75 years. However, if an authority issues any general obligation bonds with a maximum term greater than 40 years, the authority is not eligible for regional mobility grant program funds. The term "value of the taxable property" shall have the meaning set forth in RCW 39.36.015. Sec. 2. RCW 81.112.140 and 1992 c 101 s 14 are each amended to read as follows: (1) An authority may issue revenue bonds to provide funds to carry out its authorized functions without submitting the matter to the voters of the authority. The authority shall create a special fund or funds for the sole purpose of paying …
Sponsors
- Marko Liias (D) · primary sponsor
- Curtis King (R)
Latest actions
- : By resolution, returned to Senate Rules Committee for third reading.
- : Public hearing in the House Committee on Transportation at 4:00 PM.
- : First reading, referred to Transportation.
- : Third reading, passed; yeas, 29; nays, 20; absent, 0; excused, 0.
- : Rules suspended. Placed on Third Reading.
- : Placed on second reading by Rules Committee.
- : Passed to Rules Committee for second reading.
- : Minority; without recommendation.
- : Minority; do not pass.
- : TRAN - Majority; do pass.
Votes
- 3rd Reading & Final Passage (February 11, 2026): 29 yea, 20 nay, passed
- Senate Committee on Transportation: Do pass (January 29, 2026): 10 yea, 6 nay, passed
Subjects: TRANSPORTATION
Common questions
- What is SB6148?
- SB6148 is a bill in the Washington Legislature (2025-26 Regular Session): RTA bond issues maximum term.
- What does SB6148 do?
- In its own words: An act Relating to modifying the maximum terms of regional transit authority bond issues; and amending RCW 81.112.130 and 81.112.140.
- What is the status of SB6148?
- Passed one chamber as of March 12, 2026. Latest action: By resolution, returned to Senate Rules Committee for third reading. (March 12, 2026).
- Who sponsored SB6148?
- Marko Liias (D), with 1 co-sponsor.
- Where is the official record for SB6148?
- On the Washington Legislature website: https://app.leg.wa.gov/billsummary?BillNumber=6148&Year=2025
Source: official Washington record. Tracked by Delilah, AI for legislation across all 50 states and Congress.