The bill authorizes the issuance and sale, at the Washington State Department of Transportation’s request, of $800,000,000 in state general obligation bonds to provide funds for location, design, right-of-way, and construction of highway projects or improvements. It creates new sections in chapter 47.10 RCW (Secs. 1–7) and makes these bonds general obligations that pledge the state’s full faith and credit and an unconditional promise to pay principal and interest. The State Finance Committee supervises issuance, sale, and retirement under chapter 39.42 RCW, may sell short-term obligations where appropriate, and may create a special account in the highway bond retirement fund; bond proceeds are deposited in a new-named “move ahead WA account” in the motor vehicle fund. The bill makes procedural and financial changes: principal and interest on the bonds are first payable from state excise taxes on fuel (chapter 82.38 RCW) and vehicle-related fees under Title 46 RCW that constitute motor vehicle license fees, and the state treasurer must withdraw revenues from the move ahead WA account to the highway bond retirement fund as certified by the State Finance Committee. It provides that these bonds and other state general obligation bonds that pledge fuel excise taxes and vehicle-related fees are an equal charge on those revenues, specifies repayment rules if other distributable revenues are used, and defines “vehicle-related fees” for these sections. The bill also amends several existing RCWs to change authorized bond amounts and to add expiration dates for issuance authority: RCW 47.10.879 is increased to $2,450,000,000; RCW 47.02.120 is set to $15,000,000; RCW 47.10.819 is set to $100,000,000 with sub-allocations and loan terms; and RCW 47.10.834 is set to $25,625,000. For the specified amended RCWs, issuance authority for any unissued bonds expires June 30, 2026 if not issued. The act takes effect immediately and is declared necessary for the immediate preservation of public peace, health, or safety. The bill text provided does not list the specific highway projects to be funded, does not include the text of the prior statutes it references (such as chapter 472, Laws of 2009 or the cited RCWs), and does not provide full details of the bond proceedings (maturities, covenants, or detailed mechanics of a special account).

If enacted, the state would make up to $800 million available to the Washington State Department of Transportation for highway planning and construction by issuing state general obligation bonds whose proceeds are deposited into a new “move ahead WA account” in the motor vehicle fund; the State Finance Committee will manage issuance (including short-term options) and the State Treasurer will move money to a highway bond retirement fund to pay debt service as certified. This gives WSDOT near-term cash to start projects but creates a new, prioritized claim on motor-vehicle-related revenues and requires the state to pay ongoing interest and principal from those revenue sources. Practically, debt service is expected to be paid first from fuel excise taxes and vehicle license fees routed to the move ahead WA account, so those specific revenue streams will be the primary source for repayment and other recipients of fuel/fee distributions (including local governments) could see impacts only if those designated funds are insufficient; any use of other distributable fuel/fee revenues must be repaid from the first available move ahead WA revenues. The bill takes effect immediately and also changes several other bond authorizations with June 30, 2026 expirations; however, the text here does not list which highway projects will be funded, lacks a fuller definition or prior balance of the move ahead WA account, and omits detailed bond terms and timing, so the exact budget timing and local impacts are uncertain.