5165-S AMH CALD MCPH 040

SSB 5165 - H AMD TO H AMD (H-1417.1/21) 504

By Representative Caldier

NOT ADOPTED 04/02/2021

On page 72, beginning on line 4 of the striking amendment, strike all of subsection (3) and insert the following:

"(3) (a) Motor Vehicle Account-State Appropriation: For transfer to the Tacoma Narrows Toll Bridge Account-State…$51,000,000

(b) It is the intent of the legislature that the transfer provided in this subsection, which represents a portion of the federal coronavirus response and relief supplemental appropriations act funds that were deposited into the state motor vehicle account, is used to:

(i) provide sufficient resources to make up for toll revenue losses during the COVID-19 pandemic,

(ii) replace a transfer of funds from the transportation partnership account that would otherwise be a state contribution loan, and

(iii) avoid the necessity of a twenty-five cent toll rate increase for the Tacoma Narrows Bridge during the 2021-2023 fiscal biennium."

EFFECT:

Removes a $46,000,000 transfer from the state Transportation Partnership account to the state Tacoma Narrows Bridge account and removes intent language that the transfer is intended to be temporary.

Transfers $51,000,000 from the state motor vehicle account to the state Tacoma Narrows Bridge account.

Includes intent language that the transfer represents a portion of federal coronavirus relief funds, makes up for lost toll revenue during the COVID-19 pandemic, replaces the transfer that would be a state loan, and avoids a twenty-five cent toll rate increase during the 2021-2023 biennium.

FISCAL IMPACT:

Reduces Transport Partner A - State by $46,000,000.

Increases Motor Vehicle Acct - State by $51,000,000.

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