Current through the 2024 Regular Session
Section 47.56.904 - [Effective Upon Occurrence of Contingency] Interstate 5 bridge replacement project account(1) A special account to be known as the Interstate 5 bridge replacement project account is created in the state treasury.(2) Deposits to the account must include:(a) All proceeds of bonds and loans issued on behalf of Washington state for the Interstate 5 bridge replacement project, including any capitalized interest;(b) All net tolls and other revenues received from the operation of the Interstate 5 bridge replacement project as a toll facility;(c) The Washington state portion of any interest that may be earned from the deposit or investment of those revenues;(d) Notwithstanding RCW 47.12.063, the Washington state portion of proceeds from the sale of any surplus real property acquired for the Interstate 5 bridge replacement project; and(e) The Washington state portion of all damages, liquidated or otherwise, collected under any contract involving the Interstate 5 bridge replacement project.(3) Moneys in the account may be spent only after appropriation, consistent with RCW 47.56.820.Added by 2023 c 377,§ 3, eff. 7/23/2023.Finding-Contingent effective date- 2023 c 377 : See notes following RCW 47.56.902.