SB5461 – Authorizes up to $500 million in bonds to implement DNR’s 20 Year Forest Health Plan, funding forest health and community resilience.
Prime Sponsor – Senator Wagoner (R; 39th District; Skagit County)
Current status – Referred to Senate Ways and Means.
Next step would be – Scheduling a hearing.
Legislative tracking page for the bill.

Summary –
These would be general obligation bonds, could be issued over eight biennia, and could only be issued if the Legislature had already appropriated the proceeds. (The Forest Health Plan envisions applying techniques such as thinning and prescribed burns to over a million acres.)