Revised Code of Washington - RCW Title 28B Higher Education - Chapter 28B.106 College Savings Bond Program
- 28B.106.005 Findings -- Purpose
The legislature finds it essential that this and future generations of children be allowed the fullest opportunity to learn and to develop their intellectual and ...
- 28B.106.010 Definitions
The following definitions shall apply throughout this chapter, unless the context clearly indicates otherwise: (1) "College savings bonds" or "bonds" are Washington state general obligation ...
- 28B.106.020 Bond authorization -- Issuance -- Requirements
For the purpose of providing funds for the acquisition, construction, remodeling, furnishing, and equipping of state buildings and facilities for the state institutions of higher ...
- 28B.106.030 Bond sale proceeds -- Deposit -- Use
The proceeds from the sale of the bonds authorized in RCW 28B.106.020 shall be deposited in the state building construction account of the general fund ...
- 28B.106.040 Higher education bond retirement fund of 1988 -- Creation -- Use -- Use of debt-limit general fund bond retirement account
The state higher education bond retirement fund of 1988 is hereby created in the state treasury, and shall be used for the payment of principal ...
- 28B.106.050 Additional means to raise money for bond retirement
The legislature may provide additional means for raising moneys for the payment of the principal of and interest on the college savings bonds. RCW 28B.106.040 ...
- 28B.106.060 Bonds to be legal investment
The college savings bonds shall be a legal investment for all state funds or funds under state control and for all funds of any other ...
- 28B.106.070 Publicity -- Marketing strategies and educational programs
The board and the state finance committee shall create and implement marketing strategies and educational programs designed to publicize the college savings bond program to ...
- 28B.106.080 Interest on bonds exempt from any state income tax
Any interest earned on the bonds shall not be income for the purposes of any state income tax.[1988 c 125 § 17.] ...
- 28B.106.901 Short title
This chapter may be known and cited as the college savings bond act of 1988.[1988 c 125 § 18.] ...
- 28B.106.902 Severability -- 1988 c 125
If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application ...
Last modified: April 7, 2009