RCW 47.10.896 Bond issue authorized. (1) In order to provide funds necessary for the design, right-of-way, and construction of projects as allowed in RCW 47.56.880, 47.56.884, 47.56.895, and 47.56.897, there shall be issued and sold upon the request of the department of transportation up to the following amounts of general obligation bonds of the state […]
RCW 47.10.897 Administration and amount of sale. Upon the request of the department, the state finance committee shall supervise and provide for the issuance, sale, and retirement of bonds authorized by chapter 421, Laws of 2019 in accordance with chapter 39.42 RCW. Bonds authorized by chapter 421, Laws of 2019 shall be sold in the […]
RCW 47.10.898 Proceeds—Deposit and use. (1) The proceeds from the sale of bonds authorized by: (a) RCW 47.10.896(1)(a) shall be deposited in the Interstate 405 and state route number 167 express toll lanes account created in RCW 47.56.884; and (b) RCW 47.10.896(1)(b) shall be deposited in the Puget Sound Gateway facility account created in RCW […]
RCW 47.10.899 Statement of general obligation—Pledge of toll revenue and excise taxes and vehicle-related fees. Bonds issued under the authority of this section and RCW 47.10.896, 47.10.900, and 47.10.901 shall distinctly state that they are a general obligation of the state of Washington, shall pledge the full faith and credit of the state to the […]
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 […]
RCW 47.10.901 Equal charge against fuel excise taxes and vehicle-related fees. Bonds issued under the authority of RCW 47.10.896, 47.10.899, and 47.10.900 and this section and any other general obligation bonds of the state of Washington that have been or that may be authorized and that pledge excise taxes on fuel and vehicle-related fees for […]
