Authorizing bonds for transportation funding.

Summary

The bill lets the state issue $800 million in general‑obligation bonds for highway location, design, right‑of‑way and construction, and adds separate authorizations for a $2.45 billion SR‑520 corridor bond and a $15 million bond for DOT headquarters. The Department of Transportation requests the bonds, the State Finance Committee oversees their sale, and the proceeds are placed in a dedicated motor‑vehicle fund account. Repayment comes from fuel excise taxes and vehicle‑related license fees, which the legislature pledges to maintain at sufficient levels.

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