§ 47.10.490. Echo Lake route -- Excess sums in bond retirement fund -- Use
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor fuels, payable into the highway bond retirement fund, shall prove more than is required for the payment of interest on bonds when due, or current retirement of bonds, any excess may, in the discretion of the state finance committee, be available for the prior redemption of any bonds or remain available in the fund to reduce the requirements upon the fuel excise tax portion of the motor vehicle fund at the next interest or bond payment period.
[1961 c 13 § 47.10.490. Prior: 1957 c 206 § 9.]
Sections: Previous 47.10.420 47.10.430 47.10.440 47.10.450 47.10.460 47.10.470 47.10.480 47.10.490 47.10.500 47.10.700 47.10.702 47.10.704 47.10.706 47.10.708 47.10.710 NextLast modified: April 7, 2009