AN
ACT Relating to reimbursable transportation expenditures; amending RCW
43.79A.040; adding a new section to chapter 47.04 RCW; creating a new section;
providing an effective date; and declaring an emergency.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW
SECTION. Sec. 1.
Federal funds that are administered by the department of transportation and are
passed through to municipal corporations or political subdivisions of the state
and moneys that are received as total reimbursement for goods, services, or
projects constructed by the department of transportation are removed from the
transportation budget. To process and account for these expenditures a new
treasury trust account is created to be used for all department of
transportation one hundred percent federal and local reimbursable
transportation expenditures. This new account is nonbudgeted and
nonappropriated. At the same time, federal and private local appropriations
and full-time equivalents in subprograms R2, R3, T6, Y6, and Z2 processed
through this new account are removed from the department of transportation's
1997-99 budget.
The
department of transportation may make expenditures from the account before
receiving federal and local reimbursements. However, at the end of each
biennium, the account must maintain a zero or positive cash balance. In the
twenty-fourth month of each biennium the department of transportation shall calculate
and transfer sufficient cash from either the motor vehicle fund or the
transportation fund to cover any negative cash balances. The amount
transferred is calculated based on expenditures from each fund. In addition,
any interest charges accruing to the new account must be distributed to the
motor vehicle fund and the transportation fund.
The
department of transportation shall provide an annual report to the legislative
transportation committee and the office of financial management on expenditures
and full-time equivalents processed through the new account. The report must
also include recommendations for process changes, if needed.
NEW
SECTION. Sec. 2. A
new section is added to chapter 47.04 RCW to read as follows:
(1)
The miscellaneous transportation programs account is created in the custody of
the state treasurer.
(2)
Moneys from the account may be used only for the costs of:
(a)
Miscellaneous transportation services provided by the department that are
reimbursed by other public and private entities;
(b)
Local transportation projects for which the department is a conduit for federal
reimbursement to a municipal corporation or political subdivision; or
(c)
Other reimbursable activities as recommended by the legislative transportation
committee and approved by the office of financial management.
(3)
Moneys received as reimbursement for expenditures under subsection (2) of this
section must be deposited into the account.
(4)
No appropriation is required for expenditures from this account. This fund is
not subject to allotment procedures provided under chapter 43.88 RCW.
(5)
Only the secretary of transportation or the secretary's designee may authorize
expenditures from the account.
(6)
It is the intent of the legislature that this account maintain a zero or
positive cash balance at the end of each biennium. Toward this purpose the
department may make expenditures from the account before receiving
reimbursements under subsection (2) of this section. Before the end of the
biennium, the department shall transfer sufficient cash to cover any negative
cash balances from the motor vehicle and transportation funds to the
miscellaneous transportation programs account for unrecovered reimbursements.
The department shall calculate the distribution of this transfer based on
expenditures. In the ensuing biennium the department shall transfer the
reimbursements received in the miscellaneous transportation programs account
back to the motor vehicle and transportation funds to the extent of the cash
transferred at biennium end. The department shall also distribute any interest
charges accruing to the miscellaneous transportation programs account to the
motor vehicle and transportation funds. Adjustments for any indirect cost
recoveries may also be made at this time.
(7)
The department shall provide an annual report to the legislative transportation
committee and the office of financial management on the expenditures and
full-time equivalents processed through the miscellaneous transportation
programs account. The report must also include recommendations for changes to
the process, if needed.
Sec.
3. RCW
43.79A.040 and 1996 c 253 s 409 are each amended to read as follows:
(1)
Money in the treasurer's trust fund may be deposited, invested and reinvested
by the state treasurer in accordance with RCW 43.84.080 in the same manner and
to the same extent as if the money were in the state treasury.
(2)
All income received from investment of the treasurer's trust fund shall be set
aside in an account in the treasury trust fund to be known as the investment
income account.
(3)
The investment income account may be utilized for the payment of purchased
banking services on behalf of treasurer's trust funds including, but not
limited to, depository, safekeeping, and disbursement functions for the state
treasurer or affected state agencies. The investment income account is subject
in all respects to chapter 43.88 RCW, but no appropriation is required for
payments to financial institutions. Payments shall occur prior to distribution
of earnings set forth in subsection (4) of this section.
(4)(a)
Monthly, the state treasurer shall distribute the earnings credited to the
investment income account to the state general fund except under (b) and (c) of
this subsection.
(b)
The following accounts and funds shall receive their proportionate share of
earnings based upon each account's or fund's average daily balance for the
period: The agricultural local fund, the American Indian scholarship endowment
fund, the Washington international exchange scholarship endowment fund, the
energy account, the fair fund, the game farm alternative account, the grain
inspection revolving fund, the rural rehabilitation account, and the
self-insurance revolving fund. However, the earnings to be distributed shall
first be reduced by the allocation to the state treasurer's service fund
pursuant to RCW 43.08.190.
(c)
The following accounts and funds shall receive eighty percent of their
proportionate share of earnings based upon each account's or fund's average
daily balance for the period: The advanced right of way revolving fund, the
federal narcotics asset forfeitures account, the high occupancy vehicle
account, ((and)) the local rail service assistance account, and the
miscellaneous transportation programs account.
(5)
In conformance with Article II, section 37 of the state Constitution, no trust
accounts or funds shall be allocated earnings without the specific affirmative
directive of this section.
NEW
SECTION. Sec. 4. 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 takes effect July 1, 1997.
