§ 47.61.090. Designation of funds to repay bonds and interest
Funds required to repay the bonds, or the interest thereon when due, shall be taken from that portion of the motor vehicle fund which results from the imposition of excise taxes on motor vehicle fuels and which is, or may be appropriated to the department for state highway purposes, and shall never constitute a charge against any allocations of the funds to counties, cities, and towns unless and until the amount of the motor vehicle fund arising from the excise taxes on motor vehicle fuels and available for state highway purposes proves insufficient to meet the requirements for bond retirement or interest on the bonds.
[1984 c 7 § 339; 1965 ex.s. c 56 § 9.]
Notes:
Severability -- 1984 c 7: See note following RCW 47.01.141.
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Last modified: April 7, 2009