HB 2923 - DIGEST

(AS OF HOUSE 2ND READING 2/16/04)

Declares an intent to design and implement magnetic levitation technology transportation systems to move persons and freight faster and more efficiently than the current transportation systems. The need for reducing congestion and moving freight faster to markets and shipping terminals along with new technology has made available new innovated transportation systems.

Declares that the design and implementation of a new system will increase jobs, reduce congestion, and improve the economy in the state of Washington.

Authorizes the implementation of pilot projects for magnetic levitation technology and personal rapid transportation systems.

Provides that counties authorized to implement magnetic levitation technology transportation systems are hereby granted dedicated funding sources for these systems as set forth in RCW 81.104.150, 81.104.160, and 81.104.170.

Recognizes the benefits of public-private partnerships and authorizes counties implementing magnetic levitation technology transportation systems to utilize public-private partnerships.

Declares that counties implementing magnetic levitation technology transportation system pilot projects are exempt from the population requirements in RCW 81.104.030.