RCW 43.99V.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 chapter 6, Laws of 2009.
(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 the bonds authorized in RCW 43.99V.010.
(3) On each date on which any interest or principal and interest payment is due on bonds issued for the purposes of chapter 6, Laws of 2009, 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.
[ 2009 c 6 § 3.]
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.99V - School Construction Assistance Grant Program.
43.99V.010 - School construction assistance grant program—Bond issue.
43.99V.020 - Conditions and limitations.
43.99V.030 - Retirement of bonds.
43.99V.040 - Pledge and promise—Remedies.
43.99V.050 - Payment of principal and interest—Additional means for raising money authorized.