WA SB5734

Authorizes up to $2.5 billion in general obligation bonds for the Interstate 5 bridge replacement project across the Columbia River, with costs and toll revenues shared equally between Washington and Oregon

Bonds are first payable from toll revenue, then backed by state excise taxes on fuel and vehicle-related fees if toll revenue is insufficient, with full faith and credit of Washington state pledged

Creates the Interstate 5 bridge replacement project toll facility bond retirement account in the state treasury for principal and interest payments on issued bonds

Allows the state finance committee to issue bonds as toll revenue bonds (secured solely by toll revenue) rather than general obligation bonds if determined beneficial

Supports potential federal Transportation Infrastructure Finance and Innovation Act (TIFIA) loan applications, with no state debt issued until approved by the state financing committee