43.83B.360 - State emergency water projects revolving account -- Proceeds from sale of bonds. - Washington Statutes

State emergency water projects revolving account — Proceeds from sale of bonds.

The proceeds from the sale of bonds authorized by RCW 43.83B.300, and 43.83B.355 through43.83B.375 shall be deposited in the state emergency water projects revolving account, hereby created in the state treasury, and shall be used exclusively for the purposes specified in RCW 43.83B.300, and 43.83B.355 through 43.83B.375 and for the payment of expenses incurred in the issuance and sale of such bonds. During the 2009-2011 fiscal biennium, the legislature may transfer from the state emergency water projects revolving account to the state general fund such amounts as reflect the excess fund balance of the account.

[2009 c 564 § 938; 1991 sp.s. c 13 § 33; 1985 c 57 § 46; 1977 ex.s. c 1 § 13.]

Notes: Effective date -- 2009 c 564: See note following RCW 2.68.020.

Effective dates -- Severability -- 1991 sp.s. c 13: See notes following RCW 18.08.240.

Effective date -- 1985 c 57: See note following RCW 18.04.105.