§ 47.10.770. Bonds -- Sums in excess of retirement requirements -- 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 47.10.768, 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.
[1967 ex.s. c 7 § 22.]
Sections: Previous 47.10.763 47.10.764 47.10.765 47.10.766 47.10.767 47.10.768 47.10.769 47.10.770 47.10.771 47.10.775 47.10.777 47.10.790 47.10.791 47.10.792 47.10.793 NextLast modified: April 7, 2009