SENATE BILL REPORT

                   SB 5393

              As Reported By Senate Committee On:

                Transportation, April 12, 1995

Title:  An act relating to funding for two high occupancy vehicle lane projects.

Brief Description:  Funding high occupancy vehicle lane projects.

Sponsors:  Senators Owen, Prince and Wood.

Brief History:

Committee Activity:  Transportation:  4/12/95 [DPS].

SENATE COMMITTEE ON TRANSPORTATION

Majority Report:  That Substitute Senate Bill No. 5393 be substituted therefor, and the substitute bill do pass.

  Signed by Senators Owen, Chair; Heavey, Vice Chair; Fairley, Kohl, Morton, Prentice, Prince, Rasmussen, Schow and Wood.

Staff:  Eugene Schlatter (786-7316)

Background:  In 1993, a bond authorization of up to $100 million was authorized to provide funds for the location, design, right of way, and construction of selected interstate and other highway improvements.

Up to $25 million of this amount was to cover state and local matching fund requirements for ten ISTEA demonstration projects; up to $50 million was to temporarily cover the federal-aid apportionments, which allowed the state to qualify for additional federal money; up to $25 million was dedicated for loans to local governments to meet matching fund requirements to take advantage of available federal funds; and up to $60 million was to be used for completion of two HOV projects (SR 167 and SR 5).

Summary of Substitute Bill:  The bond authorization is increased by $35 million, to be dedicated for high occupancy vehicle lane projects.

Substitute Bill Compared to Original Bill:  The increased bond authorization is reduced from $60 to $35 million, to be dedicated for high occupancy vehicle lane projects.

Appropriation:  None.

Fiscal Note:  Not requested.

Effective Date:  Ninety days after adjournment of session in which bill is passed.

Testimony For:  None.

Testimony Against:  None.

Testified:  No one.