1125-S AMS SHEB S2858.2

SHB 1125 - S AMD TO TRAN COMM AMD (S-2748.3/99) - 436

By Senators B. Sheldon, Goings, Oke, T. Sheldon, Benton, Winsley and Haugen

                                                   ADOPTED 4/19/99

    On page 14, line 28 of the amendment, after "$" strike "585,563,000" and insert "635,563,000"

    On page 15, line 8 of the amendment, after "$" strike "1,170,430,000" and insert "1,220,430,000"

    On page 16, line 12 of the amendment, before "in proceeds" strike "$417,717,000" and insert "$467,717,000"

    On page 16, after line 21 of the amendment, insert the following:

    "(9) $50,000,000 of the motor vehicle account--state appropriation is provided as a cash contribution for the development of the public private initiatives project at Tacoma Narrows.  State funds shall be used initially for the acquisition of right of way and the forensic studies of the existing bridge including purchase of equipment necessary to conduct the studies.  The balance of state funds not required for acquisition of right of way and forensic studies shall be placed with the designated bond trustee at the same time the privately secured debt proceeds are deposited."

EFFECT:  Provides $50,000,000 for the corridor improvements on SR 16 necessary to fund right-of-way acquisition, forensic studies and equipment purchase for the Tacoma Narrow's bridge public-private initiative project.

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