SHB 1094 -
By Representatives Schindler, Hinkle, Ahern, Ericksen, Kristiansen, Pearson, and Warnick
FAILED 03/26/2007
On page 32, after line 4, insert the following:
"One Washington Road Fund--State Appropriation . . . . . . . . . . . . $1,050,000,000"
On page 32, line 5, increase the total by $1,050,000,000
On page 36, after line 7, insert the following:
"(23) $1,050,000,000 from the one Washington road fund--state
appropriation is provided solely for the following projects:
(a) $250,000,000 for the North South Freeway in Spokane;
(b) $250,000,000 for the Columbia River Crossing;
(c) $250,000,000 for United States highway 2;
(d) $250,000,000 for interchange and highway improvements in
northwest Washington in Whatcom and Skagit counties; and
(e) $50,000,000 for state route no. 17 widening from Ephrata to
Moses Lake.
(24) The one Washington road fund--state appropriation includes up
to $1,050,000,000 in proceeds from the sale of bonds authorized in
Senate House Bill No. 2394 (bonds for transportation)."
On page 65, after line 28, insert the following:
"NEW SECTION. Sec. 617 A new section is added to chapter 43.79
RCW to read as follows:
(1) The one Washington road fund is created in the state treasury.
All receipts from taxes imposed under RCW 82.08.020 and 82.12.020 on
materials, labor, equipment, contracts, and components used for
constructing any state transportation project must be deposited into
the account. Moneys in the account may be spent only after
appropriation. Expenditures from the account may be used to pay for
bonds authorized in section 8, chapter ..., Laws of 2007 (Substitute
House Bill No. 2394).
(2) The department of revenue shall provide the state treasurer
with the information regarding the amount of sales and use taxes
available for deposit into the account on a quarterly basis. The
department of revenue shall report annually on the account balance to
the transportation committees of the legislature by March 1st."
Correct the title.
EFFECT: Transfers the sales and use tax on highway construction projects into the newly created One Washington Road Fund. Appropriates $1.050 billion to five projects including $250 million each to the North South Spokane freeway, the Columbia River Crossing, United States Highway 2, improvements in Whatcom and Skagit counties, and $50,000,000 for State Route 17 from Moses Lake to Ephrata.