{"data":{"id":"us-wa/rcw-47.60.345","jurisdiction":"us-wa","citation":"RCW 47.60.345","heading":"Life-cycle cost model on capital assets.","body":"(1) The department shall maintain a life-cycle cost model on capital assets such that:\n(a) Available industry standards are used for estimating the life of an asset, and department-adopted standard life cycles derived from the experience of similar public and private entities are used when industry standards are not available;\n(b) Standard estimated life is adjusted for asset condition when inspections are made;\n(c) It does not include utilities or other systems that are not replaced on a standard life cycle; and\n(d) It does not include assets not yet built.\n(2) All assets in the life-cycle cost model must be inspected and updated in the life-cycle cost model for asset condition at least every three years.\n(3) The life-cycle cost model shall be used when estimating future terminal and vessel preservation needs.\n(4) The life-cycle cost model shall be the basis for developing the budget request for terminal and vessel preservation funding.","path":["Title 47","Chapter 47.60"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=47.60.345","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T03:07:53Z","sha256":"9af8c2a3adc4830781dcb183df3e3d4c10df6195fa5e219e1ab0dfe0d5cf6e74","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-47.60.340","next":"us-wa/rcw-47.60.355"},"notice":"GroundRules: Original legal text. Not legal advice."}