H-2096.1
SUBSTITUTE HOUSE BILL 1958
State of Washington
69th Legislature
2025 Regular Session
By House Transportation (originally sponsored by Representatives Fey, Wylie, and Zahn; by request of Department of Transportation)
READ FIRST TIME 04/08/25.
AN ACT Relating to the interstate bridge replacement toll bond authority; amending RCW 47.10.907 ; and adding new sections to chapter 47.10 RCW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. The legislature recognizes that replacement of the aging Interstate 5 bridge across the Columbia river is a priority for the state of Washington. The interstate bridge replacement project will be completed in partnership with the state of Oregon, with equal sharing of bridge replacement costs and net toll revenues. The legislature finds that a variety of revenue sources and financing mechanisms will be required for Washington to provide its full share of the costs. The legislature intends to provide options for financing portions of the project while recognizing that no Washington state debt will be issued for this project until approved by the state financing committee, and only bonds necessary and supported by revenues will be issued.
As part of the financing plan for the project, Washington or Oregon may elect to pursue a federal transportation infrastructure finance and innovation act loan, repayable solely from toll revenues. The legislature intends for this act to support that application process.