2878-S.E AMS KILM NICP 049

ESHB 2878 - S AMD TO S COMM AMD (S-5725.2/08) 163

   By    Senators Kilmer, Swecker, and Haugen

ADOPTED 2/27/2008

   On page 8, after line 11 of the amendment, insert the following:

   "(5) The transportation commission shall consider revisions to the toll rates and other user fees for the Tacoma Narrows Bridge. This review shall ensure that the revenues are sufficient to: (a) Meet the operating costs of the eligible toll facilities, including necessary maintenance, preservation, toll collection, administration, and toll enforcement by public law enforcement; (b) meet obligations for the repayment of debt and interest on the eligible toll facilities, and any other associated financing costs including, but not limited to, required reserves, minimum debt coverage or other appropriate contingency funding, and insurance; and (c) meet any other obligations of the tolling authority. A report on this review shall be submitted to the legislature by September 30, 2008."

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EFFECT: Requires the transportation commission to consider revisions to the toll rates and other user fees for the Tacoma Narrows Bridge to ensure revenues are sufficient to cover specific costs. The transportation commission must report its review of tolls and fees to the Legislature by September 30, 2008.