Washington § 47.76.460 - Freight rail investment bank program.

Full text of Washington Revised Code of Washington § 47.76.460 — Freight rail investment bank program., with citation guidance and answers to common questions.

§ 47.76.460. Freight rail investment bank program.

(1) The department shall establish a freight rail investment bank program for the purpose of supporting freight rail capital needs by providing low-interest loans to entities based on the state's interests as outlined in RCW 47.76.240.
(2) The department shall issue freight rail investment bank program loans with a repayment period of no more than 15 years, and charge only so much interest as is necessary to recoup the department's costs to administer the loans.
(3) The department shall report annually to the transportation committees of the legislature and the office of financial management on all freight rail investment bank loans issued.
(4) Projects shall be evaluated using a cost-benefit methodology. The methodology must use the following legislative priorities:
(a) Economic, safety, or environmental advantages of freight movement by rail compared to alternative modes;
(b) Self-sustaining economic development that creates family-wage jobs;
(c) Preservation of transportation corridors that would otherwise be lost;
(d) Increased access to efficient and cost-effective transport to market for Washington's agricultural and industrial products;
(e) Better integration and cooperation within the regional, national, and international systems of freight distribution; and
(f) Mitigation of impacts of increased rail traffic on communities.
[ 2023 c 447 s 3.]

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Frequently Asked Questions About Washington § 47.76.460

What does Revised Code of Washington § 47.76.460 cover?

Section 47.76.460 ("Freight rail investment bank program.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 47.76.460?

A common citation format is "Revised Code of Washington § 47.76.460" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 47.76.460 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.