§ 47.60.010. Ferry system, toll bridges, and facilities authorized -- Power to contract, sell, and lease back
The department is authorized to acquire by lease, charter, contract, purchase, condemnation, or construction, and partly by any or all of such means, and to thereafter operate, improve, and extend, a system of ferries on and crossing Puget Sound and any of its tributary waters and connections thereof, and connecting with the public streets and highways in the state. The system of ferries shall include such boats, vessels, wharves, docks, approaches, landings, franchises, licenses, and appurtenances as shall be determined by the department to be necessary or desirable for efficient operation of the ferry system and best serve the public. Subject to RCW 47.56.820, the department may in like manner acquire by purchase, condemnation, or construction and include in the ferry system such toll bridges, approaches, and connecting roadways as may be deemed by the department advantageous in channeling traffic to points served by the ferry system. In addition to the powers of acquisition granted by this section, the department is empowered to enter into any contracts, agreements, or leases with any person, firm, or corporation and to thereby provide, on such terms and conditions as it shall determine, for the operation of any ferry or ferries or system thereof, whether acquired by the department or not.
The authority of the department to sell and lease back any state ferry, for federal tax purposes only, as authorized by 26 U.S.C., Sec. 168(f)(8) is confirmed. Legal title and all incidents of legal title to any ferry sold and leased back (except for the federal tax benefits attributable to the ownership thereof) shall remain in the state of Washington.
[2008 c 122 § 20; 1984 c 18 § 1; 1984 c 7 § 296; 1961 c 13 §47.60.010 . Prior: 1949 c 179 § 1; Rem. Supp. 1949 § 6584-30.]
Notes:
Severability -- 1984 c 7: See note following RCW 47.01.141.
Sections: Previous 47.60.005 47.60.010 47.60.013 47.60.015 47.60.017 47.60.020 47.60.030 47.60.040 47.60.050 47.60.060 47.60.080 47.60.090 47.60.100 47.60.110 47.60.113 Next
Last modified: April 7, 2009