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47.56.902  <<  47.56.904 >>   47.56.906

Interstate 5 bridge replacement project account. (Contingent effective date.)

(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.

NOTES:

Finding—Contingent effective date—2023 c 377: See notes following RCW 47.56.902.
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