Bill > SB5550

This bill aims to modify how revenues from Washington's Climate Commitment Act (CCA) can be used for transportation infrastructure projects. Currently, the CCA auction revenues were restricted from funding major road and bridge projects, but this bill would change that by allowing funds to be used for significant highway improvements. Specifically, the bill directs Climate Commitment Act revenues to fund major transportation projects like replacing the Interstate 5 bridge over the Columbia River, completing the US 395 North Spokane Corridor, finishing the State Route 520 bridge, and the Gateway freight project connecting State Routes 509 and 167. The bill argues that these projects are necessary for reducing congestion, supporting freight movement, and ultimately helping to reduce greenhouse gas emissions. Starting in fiscal year 2025, the legislation intends to transfer funding from climate commitment act accounts to the multimodal transportation account, with 50% of any additional auction proceeds beyond obligated amounts being directed to transportation infrastructure. The bill modifies existing law to explicitly allow using climate auction revenues for road and bridge projects, positioning these investments as consistent with the state's climate and transportation goals.

Transportation and Infrastructure

https://app.leg.wa.gov/billsummary?BillNumber=5550&Year=2025&Initiative=false