Washington Administrative Code
Title 136 - County Road Administration Board
Chapter 136-400 - Administration of the county ferry capital improvement program
Section 136-400-065 - Project financing
Universal Citation: WA Admin Code 136-400-065
Current through Register Vol. 24-18, September 15, 2024
(1) The maximum contribution by the county ferry capital improvement program is ten million dollars for any one project and five hundred thousand dollars total annual reimbursement to one county.
(2) Depending on whether a county applicant has formed a ferry district pursuant to RCW 36.54.110 and generated revenue to finance the project, project cost sharing for each applicant shall be as follows:
(a) If ferry district revenues finance
greater than thirty percent of the proposed project costs, the ferry capital
improvement program may contribute up to the remaining project cost, subject to
the maximum described in subsection (1) of this section;
(b) If ferry district revenues finance
greater than five percent but less than or equal to thirty percent of the
proposed project costs, the ferry capital improvement program may contribute up
to fifty percent of the project cost, subject to the maximum described in
subsection (1) of this section;
(c)
If ferry district revenues finance less than or equal to five percent of the
project costs, or the county has not formed a ferry district, the ferry capital
improvement program may contribute up to thirty percent of the project cost,
subject to the maximum described in subsection (1) of this section.
Statutory Authority: Chapter 36.79 RCW. 08-10-026, § 136-400-065, filed 4/28/08, effective 5/29/08.
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