Wash. Rev. Code § 43.99I.030

Current through 2024

Section 43.99I.030 - Retirement of bonds

(1)

(a) Both principal of and interest on the bonds issued for the purposes specified in RCW 43.99I.020 (1) and (2) shall be payable from the debt-limit general fund bond retirement account.

(b) Both principal of and interest on the bonds issued for the purposes specified in RCW 43.99I.020(3) shall be payable from the nondebt-limit proprietary appropriated bond retirement account.

(c) Both principal of and interest on the bonds issued for the purposes specified in *RCW 43.99I.020(4) shall be payable from the nondebt-limit general fund bond retirement account.

(d) Both principal of and interest on the bonds issued for the purposes specified in **RCW 43.99I.020 (5) and (6) shall be payable from the nondebt-limit reimbursable bond retirement account.

(e) Both principal of and interest on the bonds issued for the purposes specified in **RCW 43.99I.020(7) shall be payable from the nondebt-limit proprietary nonappropriated bond retirement account.

(2) The state finance committee shall, on or before June 30th of each year, certify to the state treasurer the amount required to provide for the payment of principal and interest on such bonds during the ensuing fiscal year in accordance with the provisions of the bond proceedings. The state treasurer shall withdraw from any general state revenues received in the state treasury and deposit in the appropriate account as set forth under subsection (1) of this section such amounts and at such times as are required by the bond proceedings.

RCW 43.99I.030

1997 c 456 § 21; 1991 sp.s. c 31 § 3.

Reviser's note: *(1) RCW 43.99I.020 was amended by 2012 c 198 s 13, deleting subsection (4).

**(2) RCW 43.99I.020 was amended by 2012 c 198 s 13, changing subsections (5), (6), and (7) to subsections (4), (5), and (6), respectively.

Effective date-1997 c 456 ss 9-43: See RCW 43.99M.901.