§ 47.10.805. Designation of funds to repay bonds and interest
Any funds required to repay the bonds authorized by RCW 47.10.801 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 and special fuels and which is distributed to the state for expenditure pursuant to RCW 46.68.130 and shall never constitute a charge against any allocations of such funds to counties, cities, and towns unless the amount of the motor vehicle fund arising from the excise taxes on motor vehicle and special fuels and available for state highway purposes proves insufficient to meet the requirements for bond retirement or interest on any such bonds.
[1981 c 316 § 5.]
Sections: Previous 47.10.798 47.10.799 47.10.800 47.10.801 47.10.802 47.10.803 47.10.804 47.10.805 47.10.806 47.10.807 47.10.808 47.10.809 47.10.811 47.10.812 47.10.813 NextLast modified: April 7, 2009