Section 479-10-370. Arterial preservation program city matching funds.

The arterial preservation program provides funding when program funds are matched by any other non-TIB funds as follows:

(1) If the city assessed valuation is less than one billion dollars, the matching rate is ten percent of the total project costs;

(2) If the city valuation is one billion dollars to two and one-half billion dollars, the matching rate is fifteen percent of the total project costs;

(3) If the city valuation is over two and one-half billion dollars, the matching rate is twenty percent of the total project costs.

[Statutory Authority: Chapter 47.26 RCW. WSR 13-20-087, § 479-10-370, filed 9/30/13, effective 10/31/13.]

Chapter 47.26 RCW. WSR 13-20-087, § 479-10-370, filed 9/30/13, effective 10/31/13.