RCW 47.12.220
Additional financing methods for property and engineering costs—Provisions in agreement.
Each such agreement shall include, but shall not be limited to the following:
(1) A provision stating the term of the agreement which shall not extend more than seven years from the effective date of the agreement;
(2) A designation of the specific fund or funds to be used to carry out such agreement;
(3) A provision that the department of transportation may redeem warrants purchased by the state finance committee at any time prior to the letting of a highway improvement contract utilizing the property; and further, during the effective period of each such agreement the department of transportation shall redeem such warrants whenever such a highway improvement contract is let, or upon the expiration of such agreement, whichever date is earlier;
(4) A provision stating the rate of interest such warrants shall bear commencing at the time of purchase by the state finance committee;
(5) Any additional provisions agreed upon by the transportation commission and the state finance committee which are necessary to carry out the purposes of such agreement as indicated by RCW 47.12.180 through 47.12.240, as now or hereafter amended.
[ 1977 ex.s. c 151 § 56; 1969 ex.s. c 197 § 4; 1961 c 281 § 5.]
NOTES:
Severability—1961 c 281: See note following RCW 47.12.180.
Structure Revised Code of Washington
Title 47 - Public Highways and Transportation
Chapter 47.12 - Acquisition and Disposition of State Highway Property.
47.12.010 - Acquisition of property authorized—Condemnation actions—Cost.
47.12.011 - Purchase options authorized.
47.12.015 - "Reservation boundary" defined.
47.12.029 - Acquisition of state lands or interests or rights therein—Certain purposes prohibited.
47.12.040 - Acquisition of property from a political subdivision.
47.12.044 - Proceedings to acquire property or rights for highway purposes—Precedence.
47.12.050 - Work on remaining land as payment.
47.12.055 - Notification requirements.
47.12.063 - Surplus real property program.
47.12.064 - Affordable housing—Inventory of suitable property.
47.12.066 - Sale or lease of personal property—Provision of services—Proceeds.
47.12.080 - Sale or exchange of unused land.
47.12.120 - Lease of unused highway land or air space.
47.12.125 - Lease of unused highway land or air space—Disposition of proceeds.
47.12.140 - Severance and sale of timber and other personalty—Removal of nonmarketable materials.
47.12.150 - Acquisition, exchange of property to relocate displaced facility.
47.12.160 - Acquisition of land outside highway right-of-way to minimize damage.
47.12.180 - Additional financing methods for property and engineering costs—Formal declarations.
47.12.220 - Additional financing methods for property and engineering costs—Provisions in agreement.
47.12.242 - "Advance right-of-way acquisition" defined.
47.12.244 - Advance right-of-way revolving fund.
47.12.246 - Reimbursement to advance right-of-way revolving fund.
47.12.248 - Structures acquired in advance of programmed construction—Maintenance.
47.12.250 - Acquisition of property for preservation, safety, buffer purposes.
47.12.270 - Acquisition of property for park and ride lots.
47.12.283 - Sale of real property authorized—Procedure—Disposition of proceeds.
47.12.287 - Exchange of real property authorized—Conveyance by deed.
47.12.290 - Sale of real property—Execution, acknowledgment, and delivery of deed.
47.12.320 - Sale of property—Listing with broker.
47.12.330 - Advanced environmental mitigation—Authorized.
47.12.340 - Advanced environmental mitigation revolving account.
47.12.350 - Advanced environmental mitigation—Site management—Reimbursement of account.
47.12.370 - Environmental mitigation—Exchange agreements.
47.12.380 - Limited project, department may establish—Lease of property.