§ 47.10.722. Tacoma-Seattle-Everett facility -- Excess sums in bond retirement fund -- Use
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor fuels and the federal funds which may be pledged as provided in RCW 47.10.718, 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 § 47.10.722. Prior: 1957 c 189 § 12.]
Sections: Previous 47.10.708 47.10.710 47.10.712 47.10.714 47.10.716 47.10.718 47.10.720 47.10.722 47.10.724 47.10.726 47.10.727 47.10.728 47.10.729 47.10.730 47.10.731 NextLast modified: April 7, 2009