47.60.505  <<  47.60.530 >>   47.60.550

Puget Sound ferry operations account.

(1) The Puget Sound ferry operations account is created in the motor vehicle fund.
(2) The following funds must be deposited into the account:
(a) All moneys directed by law;
(b) All revenues generated from ferry fares; and
(c) All revenues generated from commercial advertising, concessions, parking, and leases as allowed under RCW 47.60.140.
(3) Moneys in the account may be spent only after appropriation.
(4) Expenditures from the account may be used only for the maintenance, administration, and operation of the Washington state ferry system.
(5) During the 2015-2017 fiscal biennium, the legislature may transfer from the Puget Sound ferry operations account to the connecting Washington account such amounts as reflect the excess fund balance of the Puget Sound ferry operations account.
(6) During the 2017-2019 fiscal biennium, the legislature may direct the state treasurer to make transfers of moneys in the Puget Sound ferry operations account to the connecting Washington account.

NOTES:

Effective date2017 c 313: See note following RCW 43.19.642.
Effective date2015 3rd sp.s. c 43: See note following RCW 46.68.030.
Effective date2011 1st sp.s. c 16 §§ 1-15: "Sections 1 through 15 of this act are necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and take effect immediately [June 7, 2011]." [ 2011 1st sp.s. c 16 § 30.]
Severability1979 c 27: See note following RCW 47.60.505.
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