Upon the request of the department, the state finance committee shall supervise and provide for the issuance, sale, and retirement of bonds authorized by chapter 421, Laws of 2019 in accordance with chapter
39.42 RCW. Bonds authorized by chapter 421, Laws of 2019 shall be sold in the manner, at time or times, in amounts, and at the price as the state finance committee shall determine. No bonds may be offered for sale without prior legislative appropriation of the net proceeds of the sale of the bonds.
Bonds may not be issued until January 1, 2023, and until toll revenue levels for the Interstate 405 and state route number 167 express toll lanes account have returned to a level of $8,500,000 in a single quarter as reported in the department's quarterly revenue and expenditure reports.