(1) In order to provide funds necessary for the location,
design, right-of-way, and construction of selected interstate and
other state highway improvements, there shall be issued and sold,
subject to subsections (2), (3), and (4) of this section, upon
the request of the Washington state transportation commission a
total of four hundred sixty million dollars of general obligation
bonds of the state of Washington for the following purposes and
specified sums:
(a) Not to exceed two hundred twenty-five million dollars to
pay the state's share of costs for federal-aid interstate highway
improvements and until December 31, 1989, to temporarily pay the
regular federal share of construction of federal-aid interstate
highway improvements to complete state routes 82, 90, 182, and
705 in advance of federal-aid apportionments under the provisions
of 23 U.S.C. Secs. 115 or 122: PROVIDED, That the total amount
of bonds issued to temporarily pay the regular federal share of
construction of federal-aid interstate highways in advance of
federal-aid apportionments as authorized by this section and RCW 47.10.790 shall not exceed one hundred twenty million dollars:
PROVIDED FURTHER, That the transportation commission shall adopt
plans for the obligation of federal-aid apportionments received
in federal fiscal year 1985 and subsequent years to pay the
regular federal share of federal-aid interstate highway
construction projects or to convert such apportionments under the
provisions of 23 U.S.C. Secs. 115 or 122;
(b) Two hundred twenty-five million dollars for major
transportation improvements throughout the state that are
identified as category C improvements and for selected major
non-interstate construction and reconstruction projects that are
included as Category A Improvements;
(c) Ten million dollars for state highway improvements
necessitated by planned economic development, as determined
through the procedures set forth in RCW 43.160.074 and 47.01.280.
(2) The amount of bonds authorized in subsection (1)(a) of
this section shall be reduced if the transportation commission
determines that any of the bonds that have not been sold are no
longer required.
(3) The amount of bonds authorized in subsection (1)(b) of
this section shall be increased by an amount not to exceed, and
concurrent with, any reduction of bonds authorized under
subsection (1)(a) of this section in the manner prescribed in
subsection (2) of this section.
(4) The transportation commission may decrease the amount of
bonds authorized in subsection (1)(c) of this section and
increase the amount of bonds authorized in subsection (1)(a) or
(b) of this section, or both by an amount equal to the decrease
in subsection (1)(c) of this section. The transportation
commission may decrease the amount of bonds authorized in
subsection (1)(c) of this section only if the legislature
appropriates an equal amount of funds from the motor vehicle fund - basic account for the purposes enumerated in subsection (1)(c)
of this section.
[2005 c 319 § 127; 1999 c 94 § 13; 1994 c 173 § 1. Prior: 1985 c 433 § 7; 1985 c 406 § 2; 1982 c 19 § 1; 1981 c 316 § 1.]
NOTES:
Findings--Intent--Part headings--Effective dates -- 2005 c 319: See notes following RCW 43.17.020.
Legislative finding--Effective dates -- 1999 c 94: See notes following RCW 43.84.092.
Effective date -- 1994 c 173: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately [March 30, 1994]." [1994 c 173 § 2.]
Nonseverability -- 1985 c 433: See note following RCW 43.160.074.
Severability -- 1982 c 19: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [1982 c 19 § 5.]