47.10.731 - Construction in Grant, Franklin, Adams counties authorized -- Bond proceeds -- Deposit and use. - Washington Statutes

Construction in Grant, Franklin, Adams counties authorized — Bond proceeds — Deposit and use.

The money arising from the sale of said bonds shall be deposited in the state treasury to the credit of the motor vehicle fund and such money shall be available only for the construction of the project authorized by RCW 47.10.726 through 47.10.738, and payment of the expense incurred in the printing, issuance and sale of any such bonds, in which expense shall be included the sum of one eighth of one percent of the amount of the issue to cover the cost of servicing said issue, such sum to be deposited in the general fund.

[1965 c 121 § 6.]