RCW 43.99U.030
Retirement of bonds.
(1) 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 43.99U.010.
(2) 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.
[ 2008 c 179 § 103.]
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.99U - Flood Hazard Mitigation—Bond Issue.
43.99U.010 - Flood hazard mitigation—Bond issue.
43.99U.020 - Conditions and limitations.
43.99U.030 - Retirement of bonds.
43.99U.040 - Pledge and promise—Remedies.
43.99U.050 - Payment of principal and interest—Additional means for raising money authorized.