RCW 47.10.900
Repayment procedure.
For bonds issued under the authority of this section and RCW 47.10.896, 47.10.899, and 47.10.901, the state treasurer shall first withdraw toll revenue from the appropriate toll account for the facility for which the bonds are issued and sold, and, to the extent toll revenue is not available, excise taxes on fuel and vehicle-related fees and deposit in the toll facility bond retirement account, or a special subaccount in the account, such amounts, and at such times, as are required by the bond proceedings.
Any excise taxes on fuel and vehicle-related fees required for bond retirement or interest on the bonds authorized by this section and RCW 47.10.896, 47.10.899, and 47.10.901 shall be taken from that portion of the motor vehicle fund that results from the imposition of excise taxes on fuel and vehicle-related fees and which is, or may be, appropriated to the department for state highway purposes. Funds required shall never constitute a charge against any other allocations of fuel tax and vehicle-related fee revenues to the state, counties, cities, and towns unless the amount arising from excise taxes on fuel and vehicle-related fees distributed to the state in the motor vehicle fund 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 fuel taxes and vehicle-related fees that are distributable to the state, counties, cities, and towns shall be repaid from available toll revenue in the manner provided in the bond proceedings or, if toll revenue is not available for that purpose, from the first revenues from the excise taxes on fuel and vehicle-related fees distributed to the motor vehicle fund not required for bond retirement or interest on the bonds. Any excise taxes on fuel and vehicle-related fees required for bond retirement or interest on the bonds authorized by this section and RCW 47.10.896, 47.10.899, and 47.10.901 shall be reimbursed to the motor vehicle fund from toll revenue in the manner and with the priority specified in the bond proceedings.
[ 2019 c 421 § 6.]
NOTES:
Intent—Effective date—2019 c 421: See notes following RCW 47.10.896.
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.