2134-S.E AMS TRUD S5583.1
ESHB 2134 - S AMD TO S AMD (S-5501.1/24) 755
By Senator Trudeau
ADOPTED 02/27/2024
On page 122, after line 14, insert the following:
"(d) It is the intent of the legislature that the SR 167/SR 509 Puget Sound Gateway project (M00600R): (i) Receive its current revenue assumption of $160,000,000 from the connecting Washington account—state in the 2027-2029 fiscal biennium; (ii) maintain the existing $180,000,000 toll revenue assumption in the 2025-2027 fiscal biennium; (iii) reduce funding in the amount of $160,000,000 from the Puget Sound Gateway facility account—state in the 2027-2029 fiscal biennium; and (iv) as referenced in the list in subsection (1) of this section, be updated and the LEAP totals be adjusted accordingly."
EFFECT: Adds intent language that changes the funding source on the Gateway project, during the 2027-2029 fiscal biennium, from toll revenues to the Connecting Washington Account. Specifies intent to maintain current toll funding level in the 2025-2027 fiscal biennium.
FISCAL EFFECT: No fiscal impact in the 2023-2025 fiscal biennium. Legislative intent to remove $160,000,000 of toll funding in the 2027-2029 fiscal biennium and increase $160,000,000 from Connecting Washington account—state funding in the 2027-2029 fiscal biennium.
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