47.12.244 - Advance right-of-way revolving fund. - Washington Statutes

Advance right-of-way revolving fund.

There is created the "advance right-of-way revolving fund" in the custody of the treasurer, into which the department is authorized to deposit directly and expend without appropriation:

     (1) An initial deposit of ten million dollars from the motor vehicle fund included in the department of transportation's 1991-93 budget;

     (2) All moneys received by the department as rental income from real properties that are not subject to federal aid reimbursement, except moneys received from rental of capital facilities properties as defined in *chapter 47.13 RCW; and

     (3) Any federal moneys available for acquisition of right-of-way for future construction under the provisions of section 108 of Title 23, United States Code.

     During the 2007-2009 and 2009-2011 fiscal biennia, the legislature may transfer from the advance right-of-way revolving fund to the motor vehicle account amounts as reflect the excess fund balance of the advance right-of-way revolving fund.

[2009 c 470 § 709; 2007 c 518 § 707; 1991 c 291 § 2; 1984 c 7 § 125; 1969 ex.s. c 197 § 7.]

Notes: *Reviser's note: Chapter 47.13 RCW was repealed by 1999 c 94 § 33, effective July 1, 1999.

Effective date -- 2009 c 470: See note following RCW 46.68.170.

Severability -- Effective date -- 2007 c 518: See notes following RCW 46.68.170.

Severability -- 1984 c 7: See note following RCW 47.01.141.