SB 5929-S - DIGEST

(AS OF SENATE 2ND READING 3/16/99)

     Revises RCW 82.44.180 to require the transportation improvement board to allocate:  (1) Sixty percent of the funds from the account to public transportation benefit areas, metropolitan municipal corporations, and regional transportation authorities operating within counties whose population is three hundred thousand or greater; and

     (2) forty percent of the funds from the account to municipal corporations, as defined in RCW 35.58.272, that provide public transportation services that are not eligible for the sixty percent distribution in (1).

     Authorizes the office of the state treasurer to transfer any public transportation systems account and central Puget Sound public transportation account balances into the public transportation capital account.

     Projects obligated by the transportation improvement board before July 1, 1999, and funded from the predecessor public transportation systems account and central Puget Sound public transportation account programs are eligible projects for reimbursement from the public transportation capital account.