WA SB5800

Authorizes issuance of $7 billion in general obligation bonds for highway project location, design, right-of-way acquisition, and construction upon request of the Department of Transportation

Bond proceeds deposited into the Move Ahead WA account in the motor vehicle fund, with principal and interest paid from state fuel excise taxes (chapter 82.38 RCW) and vehicle-related license fees (Title 46 RCW)

Increases bonding authority for State Route 520 corridor projects from $1.95 billion to $2.45 billion, payable from toll revenue and motor vehicle fuel excise taxes

State finance committee oversees bond issuance, sale, and retirement, with authority to issue short-term obligations for more favorable interest rates; no bonds may be sold without prior legislative appropriation

Declared an emergency measure taking effect immediately upon passage