§ 47.29.240. Use of account
(1) The state may use moneys in the transportation innovative partnership subaccount to ensure the repayment of loan guarantees or extensions of credit made to or on behalf of private entities engaged in the planning, acquisition, financing, development, design, construction, reconstruction, replacement, improvement, maintenance, preservation, management, repair, or operation of any eligible project that is related to a subaccount established under this chapter.
(2) The lien of a pledge made under this section is subordinate to the lien of a pledge securing bonds payable from moneys in the motor vehicle fund established in RCW 46.68.070, or the transportation innovative partnership account established in RCW 47.29.230.
[2005 c 317 § 24.]
Sections: Previous 47.29.160 47.29.170 47.29.180 47.29.190 47.29.200 47.29.210 47.29.220 47.29.230 47.29.240 47.29.250 47.29.260 47.29.270 47.29.280 47.29.290 47.29.900 NextLast modified: April 7, 2009