§ 28A.525.270. State general obligation bond retirement fund utilized for payment of bond principal and interest -- Procedure
The state general obligation bond retirement fund shall be used for the payment of the principal of and interest on the bonds authorized by RCW 28A.525.230 through 28A.525.300.
The state finance committee, on or before June 30th of each year, shall certify to the state treasurer the amounts required in the next succeeding twelve months for the payment of the principal of and the interest coming due on the bonds and the dates on which the payments are due. The state treasurer, not less than thirty days prior to the date on which any interest or principal and interest payment is due, shall withdraw from any general state revenues or any other funds constitutionally available and received in the state treasury and deposit in the state general obligation bond retirement fund an amount equal to the amount certified by the state finance committee to be due on the payment date.
[1990 c 33 § 474; 1980 c 141 § 5. Formerly RCW 28A.47B.050.]
Sections: Previous 28A.525.212 28A.525.214 28A.525.216 28A.525.218 28A.525.220 28A.525.222 28A.525.230 28A.525.240 28A.525.250 28A.525.260 28A.525.270 28A.525.280 28A.525.290 28A.525.300 28A.525.310 NextLast modified: April 7, 2009