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evenue Guide for Washington Counties Use of Revenues REET 2 revenues are restricted and may only be used for financing"capital protects"specified in the capital facilities plan element of the county's comprehensive land use plan.RCW 82.46.03g5)defines"capital project"as: (a)Planning,acquisition,construction,reconstruction,repair,replacement rehabl I Itatl on,or improvement of streets,roads,highways,sidewalks,street and road lighting systems,traffic signals,bridges,domestic water systems,storm and sanitary sewer systems: (b)Planning,construction,reconstructlon,repair,rehabilitation,or Improvement of parks;and (c)Until January 1,2626,planning,acquisition,construction,reconstruction,repair,replacement,rehahllitatloil, or improvement of facilities for those experiencing homelessness and affordable housing projects. To use REET 2 funds for these limited purposes,the county must fulfill additional reporting requirements defined within RCW 82.46.037. including preparing and adopting a written report that includes: • Inform atlon necessary to demonstrate that the county has,or will have,adequate funding from all sources to pay for all capital projects identified in its capital facilities plan for a two-year period_ • How revenues collected under REET 2 have been used during the prior two-year period. • How revenues collected under REET 2 wlII be used for the succeeding two-year period. • What percentage of funds for capital projects is attributed to REET 2 revenues compared to all other sources of capital project funding.