Revised Code of Washington
Chapter 43.100A - General Obligation Bond Issues.
43.100A.306 - Bond issuance—Intent.

RCW 43.100A.306
Bond issuance—Intent.

It is the intent of the legislature that the proceeds of the new bonds authorized in RCW 43.100A.305 will be dispersed [disbursed] in phases of no more than twenty million dollars per year over fifteen years, beginning with the 2017-2019 biennium. This is not intended to limit the state's ability to disperse [disburse] bond proceeds if the full amount authorized in RCW 43.100A.305 has not been dispersed [disbursed] after fifteen years. The authorization to issue bonds contained in RCW 43.100A.305 does not expire until the full authorization has been issued and dispersed [disbursed].

[ 2018 c 3 § 202.]
NOTES:

Effective date—2018 c 3: See note following RCW 43.100A.300.

Structure Revised Code of Washington