RCW 47.56.897
Puget Sound Gateway facility account.
(1) A special account to be known as the Puget Sound Gateway facility account is created in the motor vehicle fund.
(2) Deposits to the account must include:
(a) All proceeds of bonds authorized in RCW 47.10.896(1)(b) and loans for the Puget Sound Gateway project, including capitalized interest;
(b) All tolls and other revenues received from the operation of the Puget Sound Gateway facility, to be deposited at least monthly;
(c) Any interest that may be earned from the deposit or investment of those revenues;
(d) Notwithstanding RCW 47.12.063, proceeds from the sale of any surplus real property acquired for completing the Puget Sound Gateway project, including existing state route number 509 right-of-way in SeaTac and Des Moines; and
(e) All damages liquidated or otherwise, collected under any contract involving the Puget Sound Gateway project.
(3) Moneys in the account may be spent only after appropriation, consistent with RCW 47.56.820.
(4) The proceeds of the general obligation bonds authorized in RCW 47.10.896(1)(b) shall be used to make progress toward completion of the Puget Sound Gateway facility. It is the intent of the legislature to use the bond proceeds to advance the Puget Sound Gateway facility in order to maximize net mobility benefits for both freight and the traveling public. It is the intent of the legislature for tolling to begin on stage one of the project as soon as practicable in order to leverage toll funds, use bond proceeds to advance one hundred twenty-nine million dollars of connecting Washington state appropriations by two biennia to the 2023-2025 biennium, and advance local and federal contributions. This will allow the department of transportation to deliver and open to the public stage two of the project in fiscal year 2028, three years earlier than originally planned, and to realize twenty million dollars in cost savings in connecting Washington state appropriations.
(5) It is also the intent of the legislature to use the bond proceeds for up to five million dollars to provide noise mitigation on state route number 509 between south 188th Street and Interstate 5.
(6) It is further the intent of the legislature to clarify how the tolling of state route number 167 and state route number 509 will be implemented by requiring the transportation commission and the department of transportation to consider naming the sections of each facility where all of the lanes are tolled as the state route number 167 express way and the state route number 509 express way respectively.
[ 2019 c 421 § 14.]
NOTES:
Intent—Effective date—2019 c 421: See notes following RCW 47.10.896.
Structure Revised Code of Washington
Title 47 - Public Highways and Transportation
Chapter 47.56 - State Toll Bridges, Tunnels, and Ferries.
47.56.030 - Powers and duties regarding toll facilities—Purchasing.
47.56.031 - Approval of tolls.
47.56.032 - Authority of department and commission relating to state ferries.
47.56.040 - Toll bridges authorized—Investigations.
47.56.042 - State boundary bridges—Investigations—Agreements with counties or states.
47.56.050 - Purchase of bridges and ferries authorized—Provisions applicable.
47.56.060 - Toll bridges—General powers of department and officials—Financial statements.
47.56.070 - Toll facilities authorized—Provisions applicable.
47.56.076 - Regional transportation investment district—Vehicle tolls authorized.
47.56.077 - Concessions to operate private business on toll road prohibited.
47.56.078 - Transportation benefit district—Vehicle tolls authorized.
47.56.090 - Authority to acquire right-of-way in constructing a toll bridge.
47.56.100 - Toll bridges—Right-of-way across state highways and political subdivisions—Compensation.
47.56.110 - Toll bridges—Resolution of necessity in acquiring right-of-way—Effect of.
47.56.120 - Toll bridges—Construction directed—Costs.
47.56.130 - Toll bridges—Bonds—Cooperative funds from state and federal government.
47.56.140 - Toll bridges, bonds—Form, contents, manner of sale—Interim bonds.
47.56.160 - Toll bridges—Toll revenue fund.
47.56.165 - Tacoma Narrows toll bridge account.
47.56.167 - Toll collection account.
47.56.170 - Toll bridges—Transfer of funds for bond payments—Surplus funds.
47.56.180 - Toll bridges—Payments made by warrants on vouchers—Interest on deposits.
47.56.190 - Toll bridges—Agreement on deposit of funds.
47.56.200 - Toll bridges—Use of bond proceeds and revenue for expenses.
47.56.210 - Toll bridges—Remedies of bond holders.
47.56.220 - Toll bridges—Limitations on other service—Protection of outstanding bonds.
47.56.230 - Toll bridges—Insurance or indemnity bonds authorized.
47.56.240 - Toll bridges—Fixing of toll rates authorized—Lien of bonds on revenue.
47.56.245 - Toll charges retained until costs paid.
47.56.247 - Credit permits for vehicular passage.
47.56.248 - Credit permits for vehicular passage—Cash deposit or bond—Revocation of permit.
47.56.250 - Contributions by the state or political subdivision—Bonds—Repayment.
47.56.254 - Sale of unneeded property—Authorized—Rules.
47.56.255 - Sale of unneeded property—Certification to governor—Execution, delivery of deed.
47.56.256 - Franchises for utility, railway, urban public transportation purposes.
47.56.257 - Deposit of moneys received under RCW 47.56.253 through 47.56.256.
47.56.258 - Notification requirements.
47.56.270 - 1950 Tacoma Narrows bridge part of primary highways.
47.56.271 - 1950 Tacoma Narrows bridge toll-free—Exception.
47.56.366 - Hood Canal bridge—Public sport fishing—Disclaimer of liability.
47.56.401 - High occupancy toll lanes defined.
47.56.600 - Naches Pass tunnel—Design.
47.56.711 - Spokane river bridges.
47.56.725 - County ferries—Deficit reimbursements—Capital improvement funds.
47.56.730 - "No Smoking" areas on ferries—Establishment directed.
47.56.770 - Refunding bonds—Authorized.
47.56.772 - Refunding bonds—Liquidation of existing bond funds.
47.56.773 - Refunding bonds—Repayment to Puget Sound capital construction account.
47.56.774 - Various bond issues—Charge against fuel tax revenues.
47.56.790 - Interstate 90 floating bridge tolls—Federal authorization—Report.
47.56.796 - Toll rates—Legislative approval—Adjustments—Reports.
47.56.820 - Imposition of tolls on eligible toll facilities—Who may authorize, revenue expenditures.
47.56.830 - Policy guidelines for eligible toll facility proposals.
47.56.840 - Tolling advisory committee.
47.56.855 - Report to legislature on toll rate increases and decreases by transportation commission.
47.56.864 - Alaskan Way viaduct replacement project account—Deposits—Use and transfer of funds.
47.56.875 - State route No. 520 corridor account—Deposits—Use and transfer of funds.
47.56.876 - State route number 520 civil penalties account.
47.56.884 - Interstate 405 and state route number 167 express toll lanes account.
47.56.888 - Interstate 405 and state route number 167 corridors—Performance—Reevaluation of options.
47.56.895 - Puget Sound Gateway facility—Toll rates.