RCW 43.100A.308
Retirement of bonds—Reimbursement of general fund from debt-limit general fund bond retirement account—Pledge and promise—Remedies.
The debt-limit general fund bond retirement account shall be used for the payment of the principal of and interest on the bonds authorized in RCW 43.100A.305. The state finance committee shall, on or before June 30th of each year, certify to the state treasurer the amount needed in the ensuing twelve months to meet the bond retirement and interest requirements. On each date on which any interest or principal and interest payment is due, the state treasurer shall withdraw from any general state revenues received in the state treasury and deposit in the debt-limit general fund bond retirement account an amount equal to the amount certified by the state finance committee to be due on the payment date. Bonds issued under RCW 43.100A.305 shall state that they are a general obligation of the state of Washington, shall pledge the full faith and credit of the state to the payment of the principal thereof and the interest thereon, and shall contain an unconditional promise to pay the principal and interest as the same shall become due.
The owner and holder of each of the bonds or the trustee for the owner and holder of any of the bonds may by mandamus or other appropriate proceeding require the transfer and payment of funds as directed in this section.
[ 2018 c 3 § 204.]
NOTES:
Effective date—2018 c 3: See note following RCW 43.100A.300.
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.100A - General Obligation Bond Issues.
43.100A.300 - General obligation bonds for capital and operating appropriations acts.
43.100A.301 - Conditions and limitations.
43.100A.303 - Pledge and promise—Remedies.
43.100A.304 - Payment of principal and interest—Additional means for raising money authorized.
43.100A.305 - General obligation bonds for watershed and fisheries restoration and enhancement.
43.100A.306 - Bond issuance—Intent.
43.100A.307 - Conditions and limitations.
43.100A.309 - Payment of principal and interest—Additional means for raising money authorized.
43.100A.310 - Legal investment.
43.100A.311 - Issuance and sale.
43.100A.312 - Proceeds—Deposits and transfers.
43.100A.313 - Payment of principal and interest—Retirement.
43.100A.314 - Pledge and promise—Remedies.
43.100A.315 - Additional means for raising money authorized.
43.100A.316 - General obligation bonds for capital and operating appropriations acts.
43.100A.317 - Conditions and limitations.
43.100A.319 - Pledge and promise—Remedies.
43.100A.320 - Payment of principal and interest—Additional means for raising money authorized.