RCW 47.26.427
Bonds—Sums in excess of retirement requirements—Use.
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor vehicle and special fuels payable into the transportation improvement board bond retirement account, shall prove more than is required for the payment of interest on bonds when due, or current retirement of bonds, any excess may, in the discretion of the state finance committee, be available for the prior redemption of any bonds or remain available in the fund [account] to reduce the requirements upon the fuel excise tax portion of the motor vehicle fund at the next interest or bond payment period.
[ 1999 c 268 § 2; 1979 c 5 § 11; 1967 ex.s. c 83 § 52.]
NOTES:
Construction—1979 c 5: See note following RCW 47.26.420.
Structure Revised Code of Washington
Title 47 - Public Highways and Transportation
Chapter 47.26 - Development in Urban Areas—Urban Arterials.
47.26.010 - Declaration of intent.
47.26.040 - "Urban area" defined.
47.26.050 - Regional grouping for purpose of apportioning urban state highway funds.
47.26.086 - Transportation improvement account projects—Limitations.
47.26.090 - "Arterial" defined.
47.26.110 - "Urban arterial" defined.
47.26.115 - Small city program.
47.26.121 - Transportation improvement board—Membership—Chair—Expenses.
47.26.130 - Transportation improvement board—Travel expenses.
47.26.140 - Transportation improvement board—Executive director, staff—Finances.
47.26.150 - Transportation improvement board—Meetings.
47.26.160 - Transportation improvement board—Powers and duties.
47.26.164 - City hardship assistance program—Implementation.
47.26.170 - Long-range arterial construction planning—Arterial inventory data.
47.26.185 - Qualifications for administering and supervising projects—Rules.
47.26.190 - Geographical diversity—Rules.
47.26.260 - Payment of funds—Rules—Limitations.
47.26.270 - Matching funds requirements.
47.26.282 - Land use implications.
47.26.300 - Bicycle routes—Legislative declaration.
47.26.305 - Bicycle routes—Use of board funds.
47.26.320 - Advance right-of-way acquisition—Definition.
47.26.340 - Small city pavement and sidewalk account.
47.26.345 - Small city pavement and sidewalk funding.
47.26.400 - Issuance and sale of general obligation bonds—Authorized—Amount—Declaration of purpose.
47.26.402 - Bonds—Denominations—Manner and terms of sale—Legal investment for state funds.
47.26.403 - Bonds—Bond proceeds—Deposit and use.
47.26.404 - Bonds—Statement describing nature of obligation—Pledge of excise taxes.
47.26.405 - Bonds—Designation of funds to repay bonds and interest.
47.26.406 - Bonds—Repayment procedure—Bond retirement fund.
47.26.407 - Bonds—Sums in excess of retirement requirements—Use.
47.26.420 - Issuance and sale of general obligation bonds—Authorized—Amount—Declaration of purpose.
47.26.422 - Bonds—Denominations—Manner and terms of sale—Legal investment for state funds.
47.26.423 - Bonds—Bond proceeds—Deposit and use.
47.26.425 - Bonds—Designation of funds to repay bonds and interest.
47.26.4254 - Bonds—Series III bonds—Designation of funds to repay bonds and interest.
47.26.426 - Bonds—Repayment procedure—Bond retirement account.
47.26.427 - Bonds—Sums in excess of retirement requirements—Use.
47.26.440 - Budget for expenditures from funds administered by board—Estimate of revenues.
47.26.450 - Allocation of funds—Value engineering studies—Rules.
47.26.460 - Increase in funds allocated to a project—Rules—Factors.
47.26.500 - Issuance authorized.
47.26.501 - Term—Signatures—Registration—Negotiable instruments.
47.26.502 - Denominations—Manner and terms of sale—State investment.
47.26.504 - Statement of obligation—Pledge of excise taxes and vehicle-related fees.
47.26.505 - Funds for repayment.
47.26.506 - Repayment procedure—Bond retirement account.
47.26.507 - Sums in excess of retirement requirements—Use.