Revised Code of Washington
Chapter 43.99G - Bonds for Capital Projects.
43.99G.162 - Proceeds—Deposit—Use.

RCW 43.99G.162
Proceeds—Deposit—Use.

The proceeds from the sale of the bonds authorized in RCW 43.99G.160 shall be deposited in the Columbia river basin water supply development account created in chapter 6, Laws of 2006. If the state finance committee deems it necessary to issue the bonds authorized in RCW 43.99G.160 as taxable bonds in order to comply with federal internal revenue service rules and regulations pertaining to the use of nontaxable bond proceeds, the proceeds of such taxable bonds shall be transferred to the Columbia river basin taxable bond water supply development account in lieu of any deposit otherwise provided by this section. The state treasurer shall submit written notice to the director of financial management if it is determined that any such transfer to the Columbia river basin taxable bond water supply development account is necessary. Moneys in the account may be spent only after appropriation. The proceeds shall be used exclusively for the purposes specified in RCW 43.99G.160 and for the payment of expenses incurred in the issuance and sale of the bonds. These proceeds shall be administered by the office of financial management, subject to legislative appropriation.

[ 2013 2nd sp.s. c 20 § 6; 2006 c 167 § 203.]
NOTES:

Effective date—2013 2nd sp.s. c 20: See RCW 43.99Y.900.

Structure Revised Code of Washington

Revised Code of Washington

Title 43 - State Government—Executive

Chapter 43.99G - Bonds for Capital Projects.

43.99G.120 - General obligation bonds authorized.

43.99G.122 - Proceeds—Deposit—Use.

43.99G.124 - Retirement of bonds from debt-limit general fund bond retirement account.

43.99G.126 - Pledge and promise—Remedies of bondholders.

43.99G.128 - Additional means for payment of bonds.

43.99G.130 - Bonds legal investment for public funds.

43.99G.150 - General obligation bonds authorized—Expiration of authority to issue.

43.99G.152 - Proceeds—Deposit—Use.

43.99G.154 - Retirement of bonds from debt-limit general fund bond retirement account—Pledge and promise—Remedies of bondholders.

43.99G.156 - Additional means for payment of bonds.

43.99G.158 - Bonds legal investment for public funds.

43.99G.160 - General obligation bonds authorized.

43.99G.161 - Appropriation of bond proceeds over multiple biennia.

43.99G.162 - Proceeds—Deposit—Use.

43.99G.164 - Retirement of bonds from debt-limit general fund bond retirement account—Pledge and promise—Remedies of bondholders.

43.99G.166 - Additional means for payment of bonds.

43.99G.168 - Bonds legal investment for public funds.

43.99G.170 - General obligation bonds authorized—Expiration of authority to issue.

43.99G.171 - Appropriation of bond proceeds—Use for wastewater and clean water improvement projects.

43.99G.172 - Proceeds—Deposit—Use.

43.99G.174 - Retirement of bonds from debt-limit general fund bond retirement account—Pledge and promise—Remedies of bondholders.

43.99G.176 - Additional means for payment of bonds.

43.99G.178 - Bonds legal investment of public funds.

43.99G.179 - Hood Canal aquatic rehabilitation bond account.

43.99G.180 - General obligation bonds authorized.

43.99G.181 - Appropriation of bond proceeds—Use for wastewater and clean water improvement projects.

43.99G.182 - Proceeds—Deposit—Use.

43.99G.184 - Retirement of bonds from debt-limit general fund bond retirement account—Pledge and promise—Remedies of bondholders.

43.99G.186 - Additional means for payment of bonds.

43.99G.188 - Bonds legal investment of public funds.

43.99G.903 - Effective date—2002 c 240.

43.99G.905 - Effective date—2006 c 167.