Bill would let I‑5 bridge retirement account keep its interest earnings
Committee staff briefed House Bill 2111, which would allow the Interstate 5 Bridge Replacement Project toll facility bond retirement account to retain interest earnings rather than having those earnings default to the general fund; no public testimony was offered.
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House Bill 2111 was briefed to the Senate Transportation Committee on Feb. 23. Committee staff said the bill would allow the Interstate 5 Bridge Replacement Project toll facility bond retirement account to retain interest earnings while tolls are collected and funds remain unspent, instead of the current default that directs interest to the general fund.
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