5765 AMH MCCL MUNN 836

  

SB 5765 - H AMD 749

By Representative McClintock

WITHDRAWN 04/18/2023

On page 3, after line 10, insert the following:

"Sec. 4. A new section is added to chapter 47.56 RCW under the subchapter heading "toll facilities created after July 1, 2008" to read as follows:

(1) A special account to be known as the Interstate 5 Columbia river bridge civil penalties account is created in the state treasury. All civil penalties generated from the nonpayment of tolls on the Interstate 5 Columbia river bridge must be deposited into the account. Moneys in the account may be spent only after appropriation. Expenditures from the account must be used to fund maintenance and operations of the bridge and legal obligations associated with bonds and loans associated with the construction and operation of operation of the Interstate 5 Columbia River bridge. Revenues may be used for debt service and all other activities necessary to comply with financial covenants associated with the Interstate 5 Columbia River bridge."

On page 6, line 3, after "account," insert "Interstate 5 Columbia river bridge civil penalties account,"

On page 9, line 34, after "account," insert "Interstate 5 Columbia river bridge civil penalties account,"

EFFECT:  Creates the Interstate 5 Columbia river bridge civil penalties account in the state treasury, requires all civil penalties generated from the nonpayment of tolls on the Interstate 5 Columbia river bridge to be deposited into the account, and allows the account to retain its interest or other earnings. Requires expenditures from the account to be used to fund maintenance and operations of the bridge and legal obligations associated with bonds and loans associated with the construction and operation of operation of the Interstate 5 Columbia River bridge.

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