Washington HB1958 authorizes the issuance of up to $1.6 billion in general obligation bonds for the Interstate 5 bridge replacement project.

Washington HB1958 establishes a framework for issuing up to $1.6 billion in general obligation bonds to fund the design, right-of-way, and construction of the Interstate 5 bridge replacement project. The bonds will be payable from toll revenue and excise taxes on fuel and vehicle-related fees. The state finance committee is authorized to include terms and conditions in the bond resolution to assist with marketing and sale. The proceeds from the bond sale must be deposited in the Interstate 5 bridge replacement project account and used for the specified purposes.

Washington HB1958 authorizes the issuance of up to $1.6 billion in general obligation bonds for the Interstate 5 bridge replacement project.

Washington HB1958 establishes a framework for issuing up to $1.6 billion in general obligation bonds to fund the design, right-of-way, and construction of the Interstate 5 bridge replacement project. The bonds will be payable from toll revenue and excise taxes on fuel and vehicle-related fees. The state finance committee is authorized to include terms and conditions in the bond resolution to assist with marketing and sale. The proceeds from the bond sale must be deposited in the Interstate 5 bridge replacement project account and used for the specified purposes.