47.46.140 - Repayment of motor vehicle fund from toll charges. - Washington Statutes

Repayment of motor vehicle fund from toll charges.

Toll charges must be used to repay the motor vehicle fund consistent with RCW 47.56.165 for any amounts transferred from the motor vehicle fund to the highway bond retirement fund under RCW 47.10.847 to provide for bond retirement and interest on bonds issued for the Tacoma Narrows public-private initiative project. Toll charges must remain on any facility financed by bonds issued by the state for a length of time necessary to repay the motor vehicle fund for any amounts expended from that fund for the design, development, right-of-way, financing, construction, maintenance, repair, or operation of the toll facility or for amounts transferred from the motor vehicle fund to the highway bond retirement fund under RCW 47.10.847 to provide for bond retirement and interest on bonds issued for the Tacoma Narrows public-private initiative project. Funds specifically appropriated as a nonreimbursable state financial contribution to the project do not require repayment.

[2002 c 114 § 12.]

Notes: Finding -- Intent -- 2002 c 114: See RCW 47.46.011.

Captions not law -- 2002 c 114: See note following RCW 47.46.011.