RCW 47.10.892
Statement of general obligation—Pledge of excise taxes and vehicle-related fees.
Bonds issued under the authority of this section and RCW 47.10.889 through 47.10.891, 47.10.893, and 47.10.894 shall distinctly 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 such principal and interest as the same shall become due. The principal and interest on the bonds shall be first payable in the manner provided in this section and RCW 47.10.889 through 47.10.891, 47.10.893, and 47.10.894 from the proceeds of the state excise taxes on fuel imposed by chapter 82.38 RCW and vehicle-related fees imposed under Title 46 RCW that constitute license fees for motor vehicles required to be used for highway purposes. Proceeds of these excise taxes and vehicle-related fees are hereby pledged to the payment of any bonds and the interest thereon issued under the authority of this section and RCW 47.10.889 through 47.10.891, 47.10.893, and 47.10.894, and the legislature agrees to continue to impose these excise taxes on fuel and vehicle-related fees in amounts from such sources sufficient to pay, when due, the principal and interest on all bonds issued under the authority of this section and RCW 47.10.889 through 47.10.891, 47.10.893, and 47.10.894.
[ 2015 3rd sp.s. c 45 § 8; (2015 3rd sp.s. c 45 § 4 expired July 1, 2016).]
NOTES:
Effective date—2015 3rd sp.s. c 45 §§ 8-10: "Sections 8 through 10 of this act take effect July 1, 2016." [ 2015 3rd sp.s. c 45 § 14.]
Expiration date—2015 3rd sp.s. c 45 §§ 4-6: "Sections 4 through 6 of this act expire July 1, 2016." [ 2015 3rd sp.s. c 45 § 13.]
Effective date—2015 3rd sp.s. c 45: See note following RCW 47.10.889.
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.