RCW 28B.20.720
University of Washington bond retirement fund—Composition—Pledge of building fees.
For the purpose of paying and securing the payment of the principal of and interest on the bonds as the same shall become due, there is created in the custody of the state treasurer a special trust fund to be known as the University of Washington bond retirement fund. An appropriation is not required for expenditures from the fund. There shall be paid into the fund, the following:
(1) One-half of such building fees as the board may from time to time determine, or such larger portion as may be necessary to prevent default in the payments required to be made out of the bond retirement fund;
(2) Any gifts, bequests, or grants which may be made, or may become available, for the purpose of furthering the construction of any authorized projects, or for the repayment of the costs thereof;
(3) Such additional funds as the legislature may provide.
While any bonds issued in accordance with the provisions of this chapter or any interest thereon remain unpaid, the bond retirement fund shall be available solely for the payment thereof except as provided in RCW 28B.20.725(5). As a part of the contract of sale of such bonds, the board undertakes to charge and collect building fees and to deposit the portion of such fees in the bond retirement fund in amounts which will be sufficient to pay the principal of, and interest on all such bonds outstanding.
[ 2009 c 499 § 3; 1985 c 390 § 39; 1969 ex.s. c 223 § 28B.20.720. Prior: 1959 c 193 § 5; 1957 c 254 § 5. Formerly RCW 28.77.540.]
Structure Revised Code of Washington
Chapter 28B.20 - University of Washington.
28B.20.054 - Credits—Statewide transfer policy and agreement—Establishment.
28B.20.055 - "Major line" defined.
28B.20.057 - Major lines common to University of Washington and Washington State University.
28B.20.060 - Courses exclusive to University of Washington.
28B.20.100 - Regents—Appointment—Terms—Vacancies—Quorum.
28B.20.110 - Regents—Secretary—Treasurer—Duties—Treasurer's bond.
28B.20.116 - Regents—Expenses.
28B.20.117 - Regents—Attorney general as advisor.
28B.20.130 - Powers and duties of regents—General.
28B.20.134 - Powers and duties of regents—Consent to sale of university granted lands.
28B.20.140 - Powers and duties of regents—Contracts for erection of buildings or improvements.
28B.20.145 - Powers and duties of regents—Regents' spending limited by income.
28B.20.150 - Endowment investments—Disclosure of private fund information—Conflicts of interest.
28B.20.200 - Faculty—Composition—General powers.
28B.20.250 - Liability coverage of university personnel and students—Authorized—Scope.
28B.20.253 - Liability coverage of university personnel and students—Self-insurance revolving fund.
28B.20.255 - Liability coverage of university personnel and students—As exclusive authority.
28B.20.298 - Clean energy research, development, manufacturing, and marketing—Findings—Policy.
28B.20.300 - Schools of medicine, dentistry, and related health services—Authorization.
28B.20.305 - Schools of medicine, dentistry, and related health services—Purpose.
28B.20.308 - Global Asia institute.
28B.20.330 - Rights-of-way to railroads and streetcar railways—Conditions.
28B.20.332 - Rights-of-way to railroads and streetcar railways—Regents to make agreement.
28B.20.334 - Rights-of-way to railroads and streetcar railways—Form of deed—Certified copy filed.
28B.20.336 - Rights-of-way to railroads and streetcar railways—Deed conveys conditional easement.
28B.20.340 - University site dedicated for street and boulevard purposes—Description.
28B.20.350 - 1947 conveyance for arboretum and botanical garden purposes—Description.
28B.20.352 - 1947 conveyance for arboretum and botanical garden purposes—Deed of conveyance.
28B.20.360 - 1939 conveyance of shorelands to university—Description.
28B.20.362 - 1939 conveyance of shorelands to university—Deed of conveyance.
28B.20.370 - Transfer of certain Lake Union shorelands to university.
28B.20.381 - "University tract" defined.
28B.20.394 - University tract—Powers of regents—Agreements to pay for governmental services.
28B.20.395 - University tract—Powers of regents, generally.
28B.20.396 - University tract—Bonding authority.
28B.20.420 - Graduate scholarships for engineering research—Established.
28B.20.440 - University hospital.
28B.20.452 - Occupational and environmental research facility—Industry to share costs.
28B.20.456 - Occupational and environmental research facility—Advisory committee.
28B.20.464 - Warren G. Magnuson institute—Purposes.
28B.20.466 - Warren G. Magnuson institute—Endowment fund earnings.
28B.20.472 - Warren G. Magnuson institute—Local endowment fund.
28B.20.475 - Sea grant program—Geoduck aquaculture—Scientific research studies—Reports.
28B.20.476 - Sea grant program—Geoduck aquaculture research account.
28B.20.478 - Center for human rights.
28B.20.4781 - Center for human rights—Reports.
28B.20.500 - Medical students from rural areas—Admission preference.
28B.20.502 - Medical cannabis research.
28B.20.510 - Behavioral health and suicide prevention—Statewide resource.
28B.20.515 - Behavioral health and suicide prevention—Annual report.
28B.20.520 - Behavioral health and suicide prevention—Data.
28B.20.522 - Suicide prevention training modules—Construction industry.
28B.20.530 - Behavioral health innovation and integration campus.
28B.20.535 - Behavioral health innovation and integration campus—Teaching facility.
28B.20.700 - Construction, remodeling, improvement, financing, etc., authorized.
28B.20.710 - Contracts, issuance of evidences of indebtedness, acceptance of grants.
28B.20.715 - Bonds—Issuance, sale, form, term, interest, etc.—Covenants—Use of proceeds.
28B.20.720 - University of Washington bond retirement fund—Composition—Pledge of building fees.
28B.20.725 - Additional powers of board—Issuance of bonds, investments, transfer of funds, etc.
28B.20.735 - Bonds not general obligations—Legislature may provide additional means of payment.
28B.20.740 - RCW 28B.20.700 through 28B.20.740 as concurrent with other laws.
28B.20.745 - Validation—1959 c 193.
28B.20.830 - Collaborative for the advancement of telemedicine—Reports—Open meetings.