28B.50.405 - Refunding bonds--Community and technical college refunding bond retirement fund of 1974. - Washington Statutes

Refunding bonds — Community and technical college refunding bond retirement fund of 1974.

There is hereby created in the state treasury the community and technical college refunding bond retirement fund of 1974, which fund shall be exclusively devoted to the payment of the principal of and interest on the refunding bonds authorized by RCW 28B.50.360 and 28B.50.403 through 28B.50.407.

     The state finance committee shall, on or before June 30th of each year, certify to the state treasurer the amount needed in the ensuing twelve months to pay the principal of and interest on such bonds. On July 1st of each year the state treasurer shall deposit such amount in the refunding bond retirement fund of 1974 from any general state revenues received in the state treasury.

[1991 c 238 § 55; 1974 ex.s. c 112 § 3.]

Notes: Severability -- 1974 ex.s. c 112: See note following RCW 28B.50.403.