CERTIFICATION OF ENROLLMENT

                        HOUSE BILL 2593

                   Chapter 173, Laws of 1994

                        53rd Legislature

                      1994 Regular Session

HIGHWAY IMPROVEMENTS FOR PLANNED ECONOMIC DEVELOPMENTS‑-BONDS

                    EFFECTIVE DATE:  3/30/94

Passed by the House February 9, 1994   Yeas 96   Nays 0 BRIAN EBERSOLE Speaker of the       House of Representatives Passed by the Senate March 7, 1994   Yeas 44   Nays 0

CERTIFICATE I, Marilyn Showalter, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 2593 as passed by the House of Representatives and the Senate on the dates hereon set forth.

JOEL PRITCHARD President of the Senate

MARILYN SHOWALTER                           Chief Clerk

Approved March 30, 1994 Place Style On Codes above, and Style Off Codes below.

FILED                      March 30, 1994 - 1:23 p.m.

MIKE LOWRY Governor of the State of Washington

Secretary of State                   State of Washington

          _______________________________________________

                          HOUSE BILL 2593

          _______________________________________________

             Passed Legislature - 1994 Regular Session

State of Washington      53rd Legislature     1994 Regular Session

By Representatives R. Fisher and Springer; by request of Department of Transportation

Read first time 01/19/94.  Referred to Committee on Transportation.

Funding highway improvements.

    AN ACT Relating to funding for highway improvements necessitated by planned economic development; reenacting and amending RCW 47.10.801; and declaring an emergency.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

    Sec. 1.  RCW 47.10.801 and 1985 c 433 s 7 and 1985 c 406 s 2 are each reenacted and amended to read as follows:

    (1) In order to provide funds necessary for the location, design, right of way, and construction of selected interstate and other state highway improvements, there shall be issued and sold, subject to subsections (2) ((and)), (3), and (4) of this section, upon the request of the Washington state transportation commission a total of four hundred sixty million dollars of general obligation bonds of the state of Washington for the following purposes and specified sums:

    (a) Not to exceed two hundred twenty-five million dollars to pay the state's share of costs for federal-aid interstate highway improvements and until December 31, 1989, to temporarily pay the regular federal share of construction of federal-aid interstate highway improvements to complete state routes 82, 90, 182, and 705 in advance of federal-aid apportionments under the provisions of 23 U.S.C. Secs. 115 or 122:  PROVIDED, That the total amount of bonds issued to temporarily pay the regular federal share of construction of federal-aid interstate highways in advance of federal-aid apportionments as authorized by this section and RCW 47.10.790 shall not exceed one hundred twenty million dollars:  PROVIDED FURTHER, That the transportation commission shall consult with the legislative transportation committee prior to the adoption of plans for the obligation of federal-aid apportionments received in federal fiscal year 1985 and subsequent years to pay the regular federal share of federal-aid interstate highway construction projects or to convert such apportionments under the provisions of 23 U.S.C. Secs. 115 or 122;

    (b) Two hundred twenty-five million dollars for major transportation improvements throughout the state that are identified as category C improvements and for selected major non-interstate construction and reconstruction projects that are included as Category A Improvements in RCW 47.05.030;

    (c) Ten million dollars for state highway improvements necessitated by planned economic development, as determined through the procedures set forth in RCW 43.160.074 and 47.01.280.

    (2) The amount of bonds authorized in subsection (1)(a) of this section shall be reduced if the transportation commission, in consultation with the legislative transportation committee, determines that any of the bonds that have not been sold are no longer required.

    (3) The amount of bonds authorized in subsection (1)(b) of this section shall be increased by an amount not to exceed, and concurrent with, any reduction of bonds authorized under subsection (1)(a) of this section in the manner prescribed in subsection (2) of this section.

(4) The transportation commission may decrease the amount of bonds authorized in subsection (1)(c) of this section and increase the amount of bonds authorized in subsection (1) (a) or (b) of this section, or both by an amount equal to the decrease in subsection (1)(c) of this section.  The transportation commission may decrease the amount of bonds authorized in subsection (1)(c) of this section only if the legislature appropriates a transfer of an equal amount of funds from the motor vehicle fund - basic account to the economic development account under RCW 47.10.803.

NEW SECTION. Sec. 2.  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 shall take effect immediately.

    Passed the House February 9, 1994.

    Passed the Senate March 7, 1994.

Approved by the Governor March 30, 1994.

    Filed in Office of Secretary of State March 30, 1994.