43.83.138 - General obligation bonds -- Payment from bond redemption fund -- Procedure. - Washington Statutes

General obligation bonds — Payment from bond redemption fund — Procedure.

The state building bond redemption fund, 1975, is hereby created in the state treasury, which fund shall be exclusively devoted to the payment of the principal of and interest on the bonds and notes authorized by RCW 43.83.130 through 43.83.148. The state finance committee, on or before June 30th of each year, shall certify to the state treasurer the amount needed in the ensuing twelve months to meet such bond retirement and interest requirements and on July 1st of each year the state treasurer shall deposit such amount in such state building bond redemption fund from any general state revenues received in the state treasury and certified by the state treasurer to be general state revenues.

[1975 1st ex.s. c 249 § 5.]