SB 5362 - DIGEST

(AS OF SENATE 2ND READING 6/14/01)

     Requires every authority created under chapter 81.112 RCW to place a proposition on the ballot for the November 2001 general election that requires voters to decide whether to dissolve the authority or allow for its continued operation.  If the voters approve a dissolution of the authority, taxes levied under chapter 81.104 RCW at the time of the vote remain in effect and will be distributed as follows:

     (1) One-third of all taxes collected under chapter 81.104 RCW for the authority will be divided and distributed equally between the city and county in which the authority is located to be used only for public road improvements within the boundary of the authority;

     (2) One-third of all taxes collected under chapter 81.104 RCW for the authority to be distributed to cities that operate transit systems, county transportation authorities, metropolitan municipal corporations, and public transportation benefit areas in proportion to their respective populations.  All taxes so distributed shall be spent by the recipient cities that operate transit systems, county transportation authorities, metropolitan municipal corporations, and public transportation benefit areas for operations or improvements within that entity's boundaries which are also within the boundary of the authority; and

     (3) One-third to the state for use only on state road improvements within the boundary of the authority.