Washington SB6225 authorizes the issuance of bonds to fund transportation infrastructure preservation.

Washington SB6225 authorizes the issuance of up to $3.4 billion in general obligation bonds to fund the preservation of existing transportation facilities. Proceeds from the bond sale will be used exclusively for highway preservation projects and ferry vessel construction. The bonds will be payable from toll revenue and excise taxes on motor vehicle and special fuels. The state finance committee will oversee the issuance, sale, and retirement of the bonds. The legislation also establishes a treasury income account to manage federal program funds and interest earnings.

Washington SB6225 authorizes the issuance of bonds to fund transportation infrastructure preservation.

Washington SB6225 authorizes the issuance of up to $3.4 billion in general obligation bonds to fund the preservation of existing transportation facilities. Proceeds from the bond sale will be used exclusively for highway preservation projects and ferry vessel construction. The bonds will be payable from toll revenue and excise taxes on motor vehicle and special fuels. The state finance committee will oversee the issuance, sale, and retirement of the bonds. The legislation also establishes a treasury income account to manage federal program funds and interest earnings.