This 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 bill introduces a new section that mandates the use of these revenues specifically for significant highway projects and bridge replacements, including notable projects such as the replacement of the Interstate 5 bridge over the Columbia River and the completion of the US 395 North Spokane corridor.

Additionally, the bill amends existing laws regarding the distribution of auction revenues from the Climate Commitment Act, ensuring that a portion of these funds is allocated to the carbon emissions reduction account, the climate investment account, and the air quality and health disparities improvement account. It also includes provisions for the management of auction proceeds, emphasizing the need for transparency and accountability in the auction process. The bill is set to take effect on July 1, 2025, and is deemed necessary for the immediate preservation of public peace, health, or safety.

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