RCW 47.12.246
Reimbursement to advance right-of-way revolving fund.
(1) After any properties or property rights are acquired from funds in the advance right-of-way revolving fund, the department shall manage the properties in accordance with sound business practices. Funds received from interim management of the properties shall be deposited in the advance right-of-way revolving fund.
(2) When the department proceeds with the construction of a highway which will require the use of any of the property so acquired, the department shall reimburse the advance right-of-way revolving fund, from other funds available to it, the current appraised value of the property or property rights required for the project together with damages caused to the remainder by the acquisition after offsetting against all such compensation and damages the special benefits, if any, accruing to the remainder by reason of the state highway being constructed.
(3) When the department determines that any properties or property rights acquired from funds in the advance right-of-way revolving fund will not be required for a highway construction project the department may sell the property at fair market value in accordance with requirements of RCW 47.12.063. All proceeds of such sales shall be deposited in the advance right-of-way revolving fund.
(4) Deposits in the fund may be reexpended as provided in RCW 47.12.180, 47.12.200 through 47.12.230, and 47.12.242 through 47.12.248 without further or additional appropriations.
[ 1991 c 291 § 4; 1984 c 7 § 126; 1969 ex.s. c 197 § 9.]
Structure Revised Code of Washington
Title 47 - Public Highways and Transportation
Chapter 47.12 - Acquisition and Disposition of State Highway Property.
47.12.010 - Acquisition of property authorized—Condemnation actions—Cost.
47.12.011 - Purchase options authorized.
47.12.015 - "Reservation boundary" defined.
47.12.029 - Acquisition of state lands or interests or rights therein—Certain purposes prohibited.
47.12.040 - Acquisition of property from a political subdivision.
47.12.044 - Proceedings to acquire property or rights for highway purposes—Precedence.
47.12.050 - Work on remaining land as payment.
47.12.055 - Notification requirements.
47.12.063 - Surplus real property program.
47.12.064 - Affordable housing—Inventory of suitable property.
47.12.066 - Sale or lease of personal property—Provision of services—Proceeds.
47.12.080 - Sale or exchange of unused land.
47.12.120 - Lease of unused highway land or air space.
47.12.125 - Lease of unused highway land or air space—Disposition of proceeds.
47.12.140 - Severance and sale of timber and other personalty—Removal of nonmarketable materials.
47.12.150 - Acquisition, exchange of property to relocate displaced facility.
47.12.160 - Acquisition of land outside highway right-of-way to minimize damage.
47.12.180 - Additional financing methods for property and engineering costs—Formal declarations.
47.12.220 - Additional financing methods for property and engineering costs—Provisions in agreement.
47.12.242 - "Advance right-of-way acquisition" defined.
47.12.244 - Advance right-of-way revolving fund.
47.12.246 - Reimbursement to advance right-of-way revolving fund.
47.12.248 - Structures acquired in advance of programmed construction—Maintenance.
47.12.250 - Acquisition of property for preservation, safety, buffer purposes.
47.12.270 - Acquisition of property for park and ride lots.
47.12.283 - Sale of real property authorized—Procedure—Disposition of proceeds.
47.12.287 - Exchange of real property authorized—Conveyance by deed.
47.12.290 - Sale of real property—Execution, acknowledgment, and delivery of deed.
47.12.320 - Sale of property—Listing with broker.
47.12.330 - Advanced environmental mitigation—Authorized.
47.12.340 - Advanced environmental mitigation revolving account.
47.12.350 - Advanced environmental mitigation—Site management—Reimbursement of account.
47.12.370 - Environmental mitigation—Exchange agreements.
47.12.380 - Limited project, department may establish—Lease of property.