43.99K.020 - Conditions and limitations. - Washington Statutes

Conditions and limitations.

The proceeds from the sale of the bonds authorized in RCW 43.99K.010 shall be deposited in the state building construction account created by RCW 43.83.020. The proceeds shall be transferred as follows:

     (1) Seven hundred eighty-five million four hundred thirty-eight thousand dollars to remain in the state building construction account created by RCW 43.83.020;

     (2) Twenty-two million five hundred thousand dollars to the outdoor recreation account created by *RCW 43.99.060;

     (3) Twenty-one million one hundred thousand dollars to the habitat conservation account created by *RCW 43.98A.020;

     (4) Two million nine hundred twelve thousand dollars to the public safety reimbursable bond account; and

     (5) Ten million dollars to the higher education construction account created by RCW 28B.14D.040.

     These proceeds shall be used exclusively for the purposes specified in this section and for the payment of expenses incurred in the issuance and sale of the bonds issued for the purposes of this section, and shall be administered by the office of financial management subject to legislative appropriation.

[1997 c 456 § 42; 1995 2nd sp.s. c 17 § 2.]

Notes: *Reviser's note: RCW 43.99.060 and 43.98A.020 were recodified as RCW 79A.25.060 and 79A.15.020, respectively, pursuant to 1999 c 249 § 1601.

Severability -- 1997 c 456: See RCW 43.99L.900.

Effective date -- 1997 c 456 §§ 9-43: See RCW 43.99M.901.