67.40.055 - Transfer of funds to account -- Repayment of borrowed funds with interest. - Washington Statutes

Transfer of funds to account — Repayment of borrowed funds with interest. (Contingent repealer.)

The state treasurer shall from time to time transfer from the state general fund, or such other funds as the state treasurer deems appropriate, to the state convention and trade center operations account such amounts as are necessary to fund appropriations from the account, other than, after August 31, 1988, for appropriations for the purpose of marketing the facilities or services of the state convention and trade center. All amounts borrowed under the authority of this section shall be repaid to the appropriate fund, together with interest at a rate determined by the state treasurer to be equivalent to the return on investments of the state treasury during the period the amounts are borrowed.

[1988 ex.s. c 1 § 5; 1987 1st ex.s. c 8 § 11.]

Notes: Reviser's note: RCW 67.40.055 is repealed if the transfer date in RCW 36.100.230 occurs.

Severability -- 1987 1st ex.s. c 8: See note following RCW 67.40.020.