SENATE BILL REPORT

                   HB 1012

              As Reported By Senate Committee On:

                 Transportation, March 2, 1998

Title:  An act relating to state highway bonds.

Brief Description:  Authorizing highway bonds.

Sponsors:  Representatives Cairnes, Skinner, Hankins, Robertson, Chandler, Mitchell, B. Thomas, L. Thomas, Cooke and Mielke.

Brief History:

Committee Activity:  Transportation:  3/20/97; 3/2/98 [DP, DNP].

SENATE COMMITTEE ON TRANSPORTATION

Majority Report:  Do pass.

  Signed by Senators Prince, Chair; Benton, Vice Chair; Wood, Vice Chair; Horn, Morton, Newhouse, Oke and Sellar.

Minority Report:  Do not pass.

  Signed by Senators Haugen and Heavey.

Staff:  Brad Lovaas (786-7307)

Background:  The Special Category AC@ program was established to finance major highway construction projects that could not be accomplished as part of the regular construction program.  The three projects are: 1) Division Street (north-south route) in Spokane; 2) 1st Avenue South bridge in Seattle; and 3) SR 18 from I-5 to I-90 in southeast King County.

In 1990 the Legislature dedicated 3/4 of 1 cent of the motor vehicle fuel tax to the Special Category AC@ program.  In 1993 the Legislature authorized the sale of $240 million of general obligation bonds for the construction of the three projects mentioned above, and pledged 3/4 of 1 cent to debt service.

Summary of Bill:  The bond authorization for the Special Category AC@ program is increased by $60 million, from $240 million to $300 million.  This additional bond authorization is applied to projects in the Special Category AC@ program.

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.