5825-S.E AMH GILD MUNN 733

ESSB 5825 - H AMD TO TR COMM AMD (H-3161.3/19) 885

By Representative Gildon

ADOPTED 04/27/2019

On page 8, after line 12 of the striking amendment, insert the following:

"(g) After the bonds issued pursuant to section 2(1)(a) of this act are retired, the tolling authority must reduce the toll rates commensurate with this reduction in the amount of toll revenues required from the express toll lanes."

On page 11, after line 14 of the striking amendment, insert the following:

"(c) After the bonds issued pursuant to section 2(1)(b) of this act are retired, the tolling authority must reduce the toll rates commensurate with this reduction in the amount of toll revenues required from the express toll lanes."

EFFECT: Requires the tolling authority to reduce the toll rates on the Interstate 405 and state route 167 express toll lanes and the Puget Sound Gateway facility in amounts commensurate with the reduction in required toll revenues once bonds for the facilities are retired.

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