RCW 39.42.120
Excess earnings account—Payments to United States treasury.
The excess earnings account is created in the state treasury. From the revenue funds from which principal and interest payments on bonds are provided, the state treasurer shall periodically transfer to the excess earnings account such amounts as are owed to the federal government under section 148 of the federal internal revenue code. Pursuant to legislative appropriation from the excess earnings account, the state treasurer shall periodically remit to the United States treasury any amounts owed to the federal government under section 148 of the federal internal revenue code.
[ 1988 c 92 § 1.]
Structure Revised Code of Washington
Title 39 - Public Contracts and Indebtedness
Chapter 39.42 - State Bonds, Notes, and Other Evidences of Indebtedness.
39.42.010 - Scope of application.
39.42.020 - Evidences of indebtedness—Issuance—Signature.
39.42.030 - Evidences of indebtedness—Issuance—State finance committee, duties and powers.
39.42.040 - Disposition of proceeds from sale of bonds.
39.42.050 - Anticipation notes—Issued, when—Payment of principal and interest.
39.42.070 - Computation of general state revenues—Filing of certificate—Estimate of debt capacity.
39.42.080 - Obligations allowable under debt limitation.
39.42.090 - Certificates of indebtedness—Issued, when—Retirement.
39.42.120 - Excess earnings account—Payments to United States treasury.
39.42.130 - Aggregate state debt not to exceed debt limitation—State finance committee duties.