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Home » Budget » Agency Activities » Efficient, Effective and Accountable Government

Efficient, Effective and Accountable Government

Last Updated: 10/13/2021

Pay debt service

Strategy: Pay debt service

Agency: 010 - Bond Retirement and Interest

A001 - Bond Retirement and Interest

This activity includes principal and interest on outstanding long-term bond debt of the State of Washington, and costs associated with bond sales. Staff who administer bond sales and debt management are not included in this agency because they work for the Office of the State Treasurer.

Debt Subject to the Debt Limit

Account FY 2022 FY 2023 Biennium Total
001 - General Fund
State 1,273,008,000 1,374,570,000 2,647,578,000
057 - State Building Construction Account
State 9,504,000 2,819,000 12,323,000
10P - Columbia River Basin Water Supply
State 13,000 13,000
355 - State Tax Bld Construction Account
State 275,000 192,000 467,000
366 - Watershed Restor Enhance Bond Acct
State 89,000 92,000 181,000
381 - Debt-Limit Reimbursable Bond Ret
State 284,000 227,000 511,000

Reimbursable Debt

Account FY 2022 FY 2023 Biennium Total
383 - Nondebt-Limit Reimbursable Bond Ret
State 29,248,000 28,706,000 57,954,000

Motor Vehicle Fuel Tax Debt

Account FY 2022 FY 2023 Biennium Total
09H - Transportation Partnership Account
State 135,000 769,000 904,000
20H - Connecting WA account
State 3,846,000 7,307,000 11,153,000
215 - Special Category C Account
State 171,000 241,000 412,000
218 - Multimodal Transportation Account
State 100,000 (100,000)
303 - Highway Bond Retirement Account
State 652,005,000 831,788,000 1,483,793,000
304 - Ferry Bond Retirement Account
State 12,080,000 5,070,000 17,150,000
305 - TIB Bond Retirement Account
State 5,924,000 5,846,000 11,770,000
383 - Nondebt-Limit Reimbursable Bond Ret
State 13,888,000 15,435,000 29,323,000
389 - Toll Facility Bond Retirement Acct
State 38,191,000 38,185,000 76,376,000

Other Revenue Bonds

Account FY 2022 FY 2023 Biennium Total
389 - Toll Facility Bond Retirement Acct
State 12,686,000 12,686,000 25,372,000
Federal 99,607,000 99,522,000 199,129,000
389 - Toll Facility Bond Retirement Acct Totals 112,293,000 112,208,000 224,501,000

Bond Sale Expenses

Account FY 2022 FY 2023 Biennium Total
001 - General Fund
State 1,400,000 1,400,000 2,800,000
057 - State Building Construction Account
State 1,902,000 564,000 2,466,000
09H - Transportation Partnership Account
State 27,000 154,000 181,000
10P - Columbia River Basin Water Supply
State 3,000 3,000
20H - Connecting WA account
State 802,000 1,429,000 2,231,000
215 - Special Category C Account
State 33,000 49,000 82,000
218 - Multimodal Transportation Account
State 20,000 (20,000)
355 - State Tax Bld Construction Account
State 55,000 39,000 94,000
366 - Watershed Restor Enhance Bond Acct
State 19,000 20,000 39,000
FY 2022 FY 2023 Biennium Total
FTES
GFS 1,274,408,000.0 1,375,970,000.0 2,650,378,000.0
Other 880,907,000.0 1,051,020,000.0 1,931,927,000.0
Totals 2,155,315,000.0 2,426,990,000.0 4,582,305,000.0
Expected Results

Issuance and management of the state's debt in an efficient and cost-effective manner at the lowest possible risk in accordance with federal and state regulations.