§ 47.26.507. Sums in excess of retirement requirements -- Use
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor vehicle and special fuels payable into the transportation improvement board bond retirement account, 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 [account] to reduce the requirements upon the fuel excise tax portion of the motor vehicle fund at the next interest or bond payment period.
[1999 c 268 § 3; 1993 c 440 § 8.]
Sections: Previous 47.26.427 47.26.440 47.26.450 47.26.460 47.26.500 47.26.501 47.26.502 47.26.503 47.26.504 47.26.505 47.26.506 47.26.507 47.26.900 47.26.910 47.26.930 NextLast modified: April 7, 2009