47.10.768 - Bonds -- Pledge of federal aid funds. - Washington Statutes

Bonds — Pledge of federal aid funds.

As additional security for payment of the principal amount of any or all of the bonds to be issued hereunder, the state finance committee, with the consent of the department, may pledge all or any portion of the federal aid funds received or from time to time to be received by the state from the United States under the provisions of the federal-aid highway act of 1956, as amended, for the construction of Washington's portion of the national system of interstate and defense highways.

[1984 c 7 § 113; 1967 ex.s. c 7 § 20.]

Notes: Severability -- 1984 c 7: See note following RCW 47.01.141.