1094-S AMS HOLJ BACK 045

ESHB 1094 - S AMD to S AMS TRAN (3116.2) 321

   By    Senator Holmquist, Brandland, Morton, Schoesler, Swecker and Benton

NOT ADOPTED 3/31/2007

   On page 34, after line 35, insert the following: "one Washington Road Fund--State Appropriation . . . . $1,050,000,000"

   On page 34, line 36, increase the total by $1,050,000,000

   On page 37, after line 36, insert the following:

   "(16) $1,050,000,000 from the one Washington road fund--state appropriation is provided solely for the following projects:

   (a) $250,000,000 for the North South Freeway in Spokane;

   (b) $250,000,000 for the Columbia River Crossing;

   (c) $250,000,000 for United States highway 2;

   (d) $250,000,000 for interchange and highway improvements in northwest Washington in Whatcom and Skagit counties; and

   (e) $50,000,000 for state route no. 17 widening from Ephrata to Othello.

   (17) The one Washington road fund--state appropriation includes up to $1,050,000,000 in proceeds from the sale of bonds authorized in Substitute House Bill No. 2394 (bonds for transportation)."

   On page 67, after line 17, insert the following:

   NEW SECTION. Sec. 1. A new section is added to chapter 43.79 RCW to read as follows:

   (1) The one Washington road fund is created in the state treasury. All receipts from taxes imposed under RCW 82.08.020 and 82.12.020 on materials, labor, equipment, contracts, and components used for constructing any state transportation project must be deposited into the account. Moneys in the account may be spent only after appropriation. Expenditures from the account may be used to pay for the bonds authorized in Section 8, chapter ..., Laws of 2007 (Substitute House Bill No. 2394).

   (2) The department of revenue shall provide the state treasurer with information regarding the amount of sales and use taxes available for deposit into the account on a quarterly basis. The department of revenue shall report annually on the account balance to the transportation committees of the legislature by March 1st."

   Correct the Title

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EFFECT: Transfers the sales and use tax on highway construction projects into the newly created One Washington Road Fund. Appropriates $1.050 billion to five projects including $250 million each to the North South Spokane freeway, the Columbia River Crossing, United States Highway 2, Improvements in Whatcom and Skagit counties, and $50,000,000 for State Route 17 from Othello to Ephrata.