28B.59B.070 - Moneys to be transferred from community college account to state general fund. - Washington Statutes

Moneys to be transferred from community college account to state general fund.

On or before June 30th of each year, the college board shall accumulate in the community college capital projects account from building fees and other moneys deposited therein, an amount at least equal to the amount required in the next succeeding twelve months for the payment of principal of and interest on the bonds issued pursuant to this chapter. Not less than thirty days prior to the date on which any such interest or principal and interest payment is due, the state treasurer shall withdraw said sum from the community college capital projects account and deposit said sum in the state general fund.

[1985 c 390 § 70; 1977 ex.s. c 346 § 7.]

Notes: Severability -- 1977 ex.s. c 346: See note following RCW 28B.59B.010.