Washington SB5550 funds the state transportation system using climate commitment act revenues.

Washington SB5550 allocates revenues from the climate commitment act to fund the state transportation system. The bill mandates that auction proceeds be deposited into the carbon emissions reduction account, climate investment account, and air quality and health disparities improvement account. Funds from these accounts are to be used for transportation projects that reduce carbon emissions, with a focus on equity for historically disadvantaged communities.

Washington SB5550 funds the state transportation system using climate commitment act revenues.

Washington SB5550 allocates revenues from the climate commitment act to fund the state transportation system. The bill mandates that auction proceeds be deposited into the carbon emissions reduction account, climate investment account, and air quality and health disparities improvement account. Funds from these accounts are to be used for transportation projects that reduce carbon emissions, with a focus on equity for historically disadvantaged communities.