H-2897.1 _______________________________________________
HOUSE BILL 2140
_______________________________________________
State of Washington 53rd Legislature 1994 Regular Session
By Representatives R. Meyers, Sheldon, Dorn, Springer, Hansen and Morris
Prefiled 12/21/93. Read first time 01/10/94. Referred to Committee on Transportation.
AN ACT Relating to state highway construction improvements; amending RCW 46.68.090, 46.68.095, 47.10.812, 47.10.814, and 47.10.816; creating a new section; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. It is the intent of the legislature that the 1st Avenue South Bridge project be expeditiously completed. The legislature urges total cooperation between state and local officials in this endeavor. The legislature further urges the full consideration and examination of the public-private initiative program and the potential use of revenue bonds as a means of funding this project.
Sec. 2. RCW 46.68.090 and 1991 c 342 s 56 are each amended to read as follows:
(1) All moneys that have accrued or may accrue to the motor vehicle fund from the motor vehicle fuel tax and special fuel tax shall be first expended for the following purposes:
(a) For payment of refunds of motor vehicle fuel tax and special fuel tax that has been paid and is refundable as provided by law;
(b) For payment of amounts to be expended pursuant to appropriations for the administrative expenses of the offices of state treasurer, state auditor, and the department of licensing of the state of Washington in the administration of the motor vehicle fuel tax and the special fuel tax, which sums shall be distributed monthly;
(c) From April 1, 1992, through March 31, 1996, for distribution to the transfer relief account, hereby created in the motor vehicle fund, an amount not to exceed three hundred twenty-five one-thousandths of one percent;
(d) For distribution to the rural arterial trust account in the motor vehicle fund, an amount as provided in RCW 82.36.025(2) and 46.68.095(3);
(e) For distribution to the urban arterial trust account in the motor vehicle fund, an amount as provided in RCW 82.36.025(3);
(f) For distribution to the transportation improvement account in the motor vehicle fund, an amount as provided in RCW 46.68.095(1);
(g) For distribution to
the ((special category C account, hereby created in the)) motor vehicle
fund and dedicated for state highway construction improvements, an
amount as provided in RCW 46.68.095(2);
(h) For distribution to the county arterial preservation account, hereby created in the motor vehicle fund, an amount as provided in RCW 46.68.095(4);
(i) For distribution to the motor vehicle fund to be allocated to cities and towns as provided in RCW 46.68.110, an amount as provided in RCW 46.68.095(5);
(j) For distribution to the motor vehicle fund to be allocated to counties as provided in RCW 46.68.120, an amount as provided in RCW 46.68.095(6);
(k) For expenditure for highway purposes of the state as defined in RCW 46.68.130, an amount as provided in RCW 82.36.025(4) and 46.68.095(7).
(2) The amount accruing to the motor vehicle fund by virtue of the motor vehicle fuel tax and the special fuel tax and remaining after payments, distributions, and expenditures as provided in this section shall, for the purposes of this chapter, be referred to as the "net tax amount."
Sec. 3. RCW 46.68.095 and 1990 c 42 s 103 are each amended to read as follows:
All moneys that have accrued or may accrue to the motor vehicle fund from the motor vehicle fuel tax and special fuel tax imposed by RCW 82.36.025(5) shall be distributed monthly by the state treasurer in the following proportions:
(1) One and one-half cents shall be deposited in the transportation improvement account and expended in accordance with RCW 47.26.084.
(2) From April 1, ((1991))
1994, seventy-five one-hundredths of one cent shall be deposited in ((the
special category C account in)) the motor vehicle fund ((for special
category C projects. Special category C projects are category C projects as
defined in RCW 47.05.030(3) that, due to high cost only, will require bond
financing to complete construction.
The following
criteria, listed in order of priority, shall be used in determining which
special category C projects have the highest priority:
(a) Accident
experience; and
(b) Fatal accident
experience; and
(c) Capacity to move
people and goods safely and at reasonable speeds without undue congestion; and
(d) Continuity of
development of the highway transportation network)) and dedicated for state highway
construction improvements.
Moneys deposited in the
((special category C account in the)) motor vehicle fund and
dedicated for state highway construction improvements may be used for
payment of debt service on bonds the proceeds of which are used to finance ((special
category C)) state highway construction improvement projects under
this subsection. As of April 1, 1994, all funds in the special category C
account will be transferred to the motor vehicle fund and dedicated for state
highway construction improvements. All outstanding financial obligations of
the special category C account will be transferred to the motor vehicle fund
and will be funded from that portion of the motor vehicle fund dedicated for
state highway construction improvements.
(3) Twenty-five one-hundredths of one cent shall be deposited in the rural arterial trust account in the motor vehicle fund.
(4) Forty-five one-hundredths of one cent shall be deposited in the county arterial preservation account. These funds shall be distributed by the county road administration board to counties in proportions corresponding to the number of paved arterial lane miles in the unincorporated area of each county and shall be used for improvements to sustain the structural, safety, and operational integrity of county arterials. The county road administration board shall adopt reasonable rules and develop policies to implement this program and to assure that a pavement management system is used.
(5) One-half of one cent shall be allocated to cities and towns as provided in RCW 46.68.110.
(6) From April 1, 1990, through March 31, 1991, thirty one-hundredths of one cent and after March 31, 1991, fifty-five one-hundredths of one cent shall be allocated to counties as provided in RCW 46.68.120.
(7) One cent shall be deposited in the motor vehicle fund and shall be expended for highway purposes of the state as defined in RCW 46.68.130.
Sec. 4. RCW 47.10.812 and 1993 c 431 s 1 are each amended to read as follows:
In order to provide
funds necessary for the location, design, right of way, and construction of
state highway improvements ((that are identified as special category C
improvements)), there shall be issued and sold upon the request of the
Washington state transportation commission a total of two hundred forty million
dollars of general obligation bonds of the state of Washington.
Sec. 5. RCW 47.10.814 and 1993 c 431 s 3 are each amended to read as follows:
The proceeds from the
sale of bonds authorized by RCW 47.10.812 through 47.10.817 shall be deposited
in the ((special category C account in the)) motor vehicle fund. The
proceeds shall be available only for the purposes enumerated in RCW 47.10.812,
for the payment of bond anticipation notes, if any, and for the payment of
bond issuance costs, including the costs of underwriting.
Sec. 6. RCW 47.10.816 and 1993 c 431 s 5 are each amended to read as follows:
Both principal and
interest on the bonds issued for the purposes of RCW 47.10.812 through
47.10.817 shall be payable from the highway bond retirement fund. The state
finance committee may provide that a special account be created in the fund to
facilitate payment of the principal and interest. The state finance committee
shall, on or before June 30th of each year, certify to the state treasurer the
amount required for principal and interest on the bonds in accordance with the
bond proceedings. The state treasurer shall withdraw revenues from the ((special
category C account in the)) motor vehicle fund and deposit in the highway
bond retirement fund, or a special account in the fund, such amounts, and at
such times, as are required by the bond proceedings.
Any funds required for
bond retirement or interest on the bonds authorized by RCW 47.10.812 through
47.10.817 shall be taken from that portion of the motor vehicle fund that
results from the imposition of excise taxes on motor vehicle and special fuels
and that is distributed to the ((special category C account in the))
motor vehicle fund. Funds required shall never constitute a charge against any
other allocations of motor vehicle fuel and special fuel tax revenues to the
state, counties, cities and towns unless the amount arising from excise taxes
on motor vehicle and special fuels distributed to the ((special category C
account)) motor vehicle fund proves insufficient to meet the
requirements for bond retirement or interest on any such bonds.
Any payments for bond
retirement or interest on the bonds taken from other revenues from the motor
vehicle fuel or special fuel taxes that are distributable to the state,
counties, cities and towns, shall be repaid from the first revenues from the
motor vehicle fuel or special fuel taxes distributed to the ((special
category C account)) motor vehicle fund not required for bond
retirement or interest on the bonds.
NEW SECTION. Sec. 7. This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately.
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