RCW 28B.14H.005 Intent. The state’s institutions of higher education are a vital component of the future economic prosperity of our state. In order to ensure that Washington continues to be able to provide a highly qualified workforce that can attract businesses and support the economic vitality of the state, it is the intent of chapter […]
RCW 28B.14H.010 Definitions. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) “Bonds” means bonds, notes, commercial paper, certificates of indebtedness, or other evidences of indebtedness of the state issued under this chapter. (2) “Institutions of higher education” means the University of Washington and Washington State University, Western […]
RCW 28B.14H.020 Washington’s future bonds authorized. (1) For the purpose of providing needed capital improvements consisting of the predesign, design, acquisition, construction, modification, renovation, expansion, equipping, and other improvement of state buildings and facilities for the institutions of higher education, the state finance committee is authorized to issue general obligation bonds of the state of […]
RCW 28B.14H.030 Bond issuance—Intent. It is the intent of the legislature that the proceeds of new bonds authorized in this chapter will be appropriated in phases over three biennia, beginning with the 2003-2005 biennium, to provide additional funding for capital projects and facilities of the institutions of higher education above historical levels of funding. This […]
RCW 28B.14H.040 Terms and covenants. (1) The state finance committee is authorized to prescribe the form, terms, conditions, and covenants of the bonds provided for in this chapter, the time or times of sale of all or any portion of them, and the conditions and manner of their sale and issuance. (2) Bonds issued under […]
RCW 28B.14H.050 Proceeds. (1)(a) The proceeds from the sale of the bonds authorized in RCW 28B.14H.020 shall be deposited in the Gardner-Evans higher education construction account created in RCW 28B.14H.110. (b) If the state finance committee deems it necessary to issue the bonds authorized in RCW 28B.14H.020 as taxable bonds in order to comply with […]
RCW 28B.14H.060 Projects for the 2005-07 and 2007-09 biennia—Intent. The legislature intends to use the proceeds from the sale of bonds issued under this chapter for the following projects during the 2005-07 and 2007-09 biennia: (1) For the University of Washington: (a) Life sciences I building; (b) Bothell branch campus phase 2B; (2) For Washington […]
RCW 28B.14H.070 Payment procedures. (1) The debt-limit general fund bond retirement account shall be used for the payment of the principal of and interest on the bonds authorized in this chapter. (2) The state finance committee shall, on or before June 30th of each year, certify to the state treasurer the amount needed in the […]
RCW 28B.14H.080 Bonds—Legal investment for public funds. The bonds authorized by this chapter shall constitute a legal investment for all state funds or for funds under state control and all funds of municipal corporations. [ 2003 1st sp.s. c 18 § 10.]
RCW 28B.14H.090 Additional methods of paying debt service authorized. The legislature may provide additional means for raising moneys for the payment of the principal of and interest on the bonds authorized under this chapter, and RCW 28B.14H.070 shall not be deemed to provide an exclusive method for payment. [ 2003 1st sp.s. c 18 § […]
RCW 28B.14H.100 Chapter supplemental. This chapter provides a complete, additional, and alternative method for accomplishing the purposes of this chapter and is supplemental and additional to powers conferred by other laws. The issuance of bonds under this chapter shall not be deemed to be the only method to fund projects under this chapter. [ 2003 […]
RCW 28B.14H.110 Creation of the Gardner-Evans higher education construction account. The Gardner-Evans higher education construction account is created in the state treasury. Proceeds from the bonds issued under RCW 28B.14H.020 shall be deposited in the account. The account shall be used for purposes of RCW 28B.14H.020. Moneys in the account may be spent only after […]
RCW 28B.14H.120 Expiration of authority to issue bonds. If any bonds authorized in this chapter have not been issued by June 30, 2018, the authority of the state finance committee to issue such remaining unissued bonds expires June 30, 2018. [ 2018 c 3 § 304.] NOTES: Effective date—2018 c 3: See note following RCW […]
RCW 28B.14H.901 Short title. This act shall be known as the building Washington’s future act. [ 2003 1st sp.s. c 18 § 1.]
