RCW 47.10.816
Designation of funds to repay bonds and interest.
Both principal and interest on the bonds issued for the purposes of RCW 47.10.812 through 47.10.817 shall be payable from the highway bond retirement fund. The state finance committee may provide that a special account be created in the fund to facilitate payment of the principal and interest. The state finance committee shall, on or before June 30th of each year, certify to the state treasurer the amount required for principal and interest on the bonds in accordance with the bond proceedings. The state treasurer shall withdraw revenues from the special category C account in the motor vehicle fund and deposit in the highway bond retirement fund, or a special account in the fund, such amounts, and at such times, as are required by the bond proceedings.
Any funds required for bond retirement or interest on the bonds authorized by RCW 47.10.812 through 47.10.817 shall be taken from that portion of the motor vehicle fund that results from the imposition of excise taxes on motor vehicle and special fuels and that is distributed to the special category C account in the motor vehicle fund and vehicle-related fees in the motor vehicle fund. Funds required shall never constitute a charge against any other allocations of vehicle-related fees and motor vehicle fuel and special fuel tax revenues to the state, counties, cities and towns unless the amount arising from vehicle-related fees and excise taxes on motor vehicle and special fuels distributed to the special category C account proves insufficient to meet the requirements for bond retirement or interest on any such bonds.
Any payments for bond retirement or interest on the bonds taken from other revenues from the vehicle-related fees or motor vehicle fuel or special fuel taxes that are distributable to the state, counties, cities and towns, shall be repaid from the first revenues from the motor vehicle fuel or special fuel taxes distributed to the special category C account or vehicle-related fees not required for bond retirement or interest on the bonds.
[ 2022 c 103 § 24; 1993 c 431 § 5.]
NOTES:
Intent—2022 c 103: See note following RCW 47.10.908.
Applicability—2022 c 103: See note following RCW 47.10.883.
Structure Revised Code of Washington
Title 47 - Public Highways and Transportation
Chapter 47.10 - Highway Construction Bonds.
47.10.790 - Issuance and sale of general obligation bonds—State route 90 improvements.
47.10.791 - Administration and amount of bond sales.
47.10.792 - Bond proceeds—Deposit and use.
47.10.793 - Statement of general obligation—Pledge of excise taxes.
47.10.794 - Designation of funds to repay bonds and interest.
47.10.795 - Repayment procedure—Bond retirement fund.
47.10.796 - Sums in excess of retirement requirements—Use.
47.10.797 - Bonds legal investment for state funds.
47.10.798 - Bonds equal charge against fuel tax revenues.
47.10.799 - Appropriation—Expenditure limited to bond sale proceeds.
47.10.801 - Issuance and sale of general obligation bonds.
47.10.802 - Administration and amount of bond sales.
47.10.803 - Bond proceeds—Deposit and use.
47.10.804 - Statement of general obligation—Pledge of excise taxes.
47.10.805 - Designation of funds to repay bonds and interest.
47.10.806 - Repayment procedure—Bond retirement fund.
47.10.807 - Sums in excess of retirement requirements—Use.
47.10.808 - Bonds legal investment for state funds.
47.10.809 - Bonds equal charge against fuel tax revenues.
47.10.812 - Issuance and sale of general obligation bonds.
47.10.813 - Administration and amount of sale.
47.10.814 - Proceeds—Deposit and use.
47.10.815 - Statement of general obligation—Pledge of excise taxes and vehicle-related fees.
47.10.816 - Designation of funds to repay bonds and interest.
47.10.819 - Issuance and sale of general obligation bonds.
47.10.820 - Administration and amount of sale.
47.10.821 - Proceeds—Deposit and use.
47.10.822 - Statement of general obligation—Pledge of excise taxes and vehicle-related fees.
47.10.823 - Designation of funds to repay bonds and interest.
47.10.834 - Issuance and sale of general obligation bonds.
47.10.835 - Administration and amount of sale.
47.10.836 - Proceeds—Deposit and use.
47.10.837 - Designation of funds to repay bonds and interest.
47.10.838 - Statement of general obligation—Pledge of excise taxes and vehicle-related fees.
47.10.839 - Repayment procedure—Bond retirement fund.
47.10.843 - Bond issue authorized.
47.10.844 - Administration and amount of sale.
47.10.845 - Proceeds—Deposit and use.
47.10.846 - Statement of general obligation—Pledge of excise taxes and vehicle-related fees.
47.10.847 - Repayment procedure—Bond retirement fund.
47.10.861 - Bond issue authorized.
47.10.862 - Administration and amount of sale.
47.10.863 - Proceeds—Deposit and use.
47.10.864 - Statement of general obligation—Pledge of excise taxes and vehicle-related fees.
47.10.865 - Repayment procedure—Bond retirement fund.
47.10.867 - Bond issue authorized—Appropriation of proceeds.
47.10.868 - Proceeds—Deposit and use.
47.10.869 - Repayment procedure.
47.10.870 - Statement of general obligation—Transfer and payment of funds.
47.10.871 - Additional repayment means.
47.10.873 - Bond issue authorized.
47.10.874 - Administration and amount of sale.
47.10.875 - Proceeds—Deposit and use.
47.10.876 - Statement of general obligation—Pledge of excise taxes and vehicle-related fees.
47.10.877 - Repayment procedure—Bond retirement fund.
47.10.879 - Bond issue authorized.
47.10.880 - Administration and amount of sale.
47.10.881 - Proceeds—Deposit and use.
47.10.883 - Statement of general obligation—Pledge of toll revenue and excise taxes.
47.10.884 - Repayment procedure.
47.10.886 - Toll revenue bonds.
47.10.889 - Bond issue authorized.
47.10.890 - Administration and amount of sale.
47.10.891 - Proceeds—Deposit and use.
47.10.892 - Statement of general obligation—Pledge of excise taxes and vehicle-related fees.
47.10.893 - Repayment procedure—Bond retirement fund.
47.10.894 - Equal charge against fuel excise taxes and vehicle-related fees.
47.10.896 - Bond issue authorized.
47.10.897 - Administration and amount of sale.
47.10.898 - Proceeds—Deposit and use.
47.10.900 - Repayment procedure.
47.10.901 - Equal charge against fuel excise taxes and vehicle-related fees.
47.10.905 - Toll facility bond retirement account.
47.10.908 - Definitions applicable to chapter 103, Laws of 2022.