---
type: "Bill"
title: "Avoiding interest arbitrage charges on bond proceeds in the capital vessel replacement account."
description: "Avoiding interest arbitrage charges on bond proceeds in the capital vessel replacement account."
jurisdiction: "us/states/wa"
legislature: "Washington Legislature"
session: "2023-2024"
identifier: "HB 1103"
citation: "Washington HB 1103 (2023-2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Fey"]
version_count: 3
action_count: 19
vote_count: 2
first_action: "2023-01-03"
last_action: "2023-02-16"
source: "openstates"
source_identifier: "ocd-bill/75a93536-a103-4b2d-99f7-a8f4b7d27455"
source_url: "http://apps.leg.wa.gov/billinfo/summary.aspx?bill=1103&year=2023"
source_hash: "aecc970316ab4116e20eea0db093b6bc076fcc6cf84ffd4c1f771b8296480605"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-wa"]
---

# Washington HB 1103 (2023-2024) — Avoiding interest arbitrage charges on bond proceeds in the capital vessel replacement account.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Bill** (committee substitute) — [source](http://lawfilesext.leg.wa.gov/Biennium/2023-24/Htm/Bills/House%20Bills/1103.htm)
2. **Substitute Bill** (committee substitute) — [source](http://lawfilesext.leg.wa.gov/Biennium/2023-24/Htm/Bills/House%20Bills/1103-S.htm)
3. **Substitute Passed Legislature** (committee substitute) — [source](http://lawfilesext.leg.wa.gov/Biennium/2023-24/Htm/Bills/House%20Passed%20Legislature/1103-S.PL.htm)

## Votes

- 3rd Reading & Final Passage (#1) — **97–0** (pass) · lower
- 3rd Reading & Final Passage (#9) — **49–0** (pass) · upper

## Sponsors

- Fey — primary (person)
- Barkis — cosponsor (person)
- Wylie — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-01-03** Prefiled for introduction. `filing`
- **2023-01-09** First reading, referred to Transportation. `reading-1`
- **2023-01-16** Public hearing in the House Committee on Transportation at 4:00 PM.
- **2023-01-19** Executive action taken in the House Committee on Transportation at 4:00 PM.
- **2023-01-19** TR - Majority; 1st substitute bill be substituted, do pass. `substitution`
- **2023-01-24** Referred to Rules 2 Review. `referral-committee`
- **2023-01-31** Rules Committee relieved of further consideration. Placed on second reading. `reading-2`
- **2023-02-01** 1st substitute bill substituted (TR 23). `substitution`
- **2023-02-01** Rules suspended. Placed on Third Reading. `reading-3`
- **2023-02-01** Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1. `reading-3`
- **2023-02-02** Read first time, rules suspended, and placed on second reading calendar. `reading-1`
- **2023-02-08** Rules suspended. Placed on Third Reading. `reading-3`
- **2023-02-08** Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. `reading-3`
- **2023-02-14** Speaker signed. `passage`
- **2023-02-14** President signed. `passage`
- **2023-02-14** Delivered to Governor. `executive-receipt`
- **2023-02-16** Governor signed. `executive-signature`
- **2023-02-16** Chapter 2, 2023 Laws. `became-law`
- **2023-02-16** Effective date 2/16/2023. `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/75a93536-a103-4b2d-99f7-a8f4b7d27455`. Confidence: reported (aggregated from official Washington legislature records).