Section 47.10.882. Toll facility bond retirement account.

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The toll facility bond retirement account is created in the state treasury for the purpose of payment of the principal of and interest and premium on bonds. Both principal of and interest on the bonds issued for the purposes of chapter 498, Laws of 2009 and chapter 377, Laws of 2011 shall be payable from the toll facility bond retirement account. The state finance committee may provide that special subaccounts be created in the account to facilitate payment of the principal of and interest on the bonds. The state finance committee shall, on or before June 30th of each year, certify to the state treasurer the amount required for principal and interest on the bonds in accordance with the bond proceedings.

[ 2011 c 377 § 3; 2009 c 498 § 11.]

NOTES:
Effective date—2011 c 377: See note following RCW 47.56.796.

2011 c 377 § 3; 2009 c 498 § 11.

                    
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