The bill aims to utilize revenues from the Climate Commitment Act to fund major transportation infrastructure projects in Washington State. It emphasizes the importance of maintaining and improving the state's transportation system to facilitate the safe and efficient movement of people and goods. The legislation asserts that auction revenues from the Climate Commitment Act should be allocated to significant highway and bridge projects, including the replacement of the Interstate 5 bridge over the Columbia River and the completion of the US 395 North Spokane corridor. A new section is added to specify that these revenues must be directed towards such projects, reflecting the legislature's commitment to addressing transportation needs while also considering environmental impacts.

Additionally, the bill amends existing laws regarding the distribution of auction proceeds from the Climate Commitment Act. It establishes that a portion of these proceeds will be deposited into the carbon emissions reduction account, with specific allocations for various transportation-related projects aimed at reducing carbon emissions. The bill also introduces provisions to ensure that projects funded through these accounts adhere to high labor standards and promote equity in employment opportunities. The act is declared necessary for the immediate preservation of public peace, health, or safety, and is set to take effect on July 1, 2025.

Statutes affected:
Original Bill: 70A.65.100, 70A.45.020, 70A.65.250