Revised Code of Washington - RCW Title 47 Public Highways And Transportation - Chapter 47.61 Acquisition Of New Ferry Vessels Under Urban Mass Transportation Act Of 1964

47.61.010 Authority to enter into agreement and apply for financial assistance
Recognizing that the Washington state ferries system is an integral part of the state highway system, the department is authorized to enter into an agreement ...

47.61.020 Bonds for matching funds -- Issuance and sale
In order to provide necessary state matching funds as required by the Urban Mass Transportation Act of 1964, there shall be issued and sold limited ...

47.61.030 Term of bonds -- Terms and conditions
Each of such bonds shall be made payable at any time not exceeding twenty-five years from the time of its issuance, with such reserved rights ...

47.61.040 Bonds -- Signatures -- Registration -- Where payable -- Negotiable instruments
The bonds shall be signed by the governor and the state treasurer under the seal of the state, one of which signatures shall be made ...

47.61.050 Bonds -- Denominations -- Manner and terms of sale -- Legal investment for state funds
The bonds issued hereunder shall be in denominations to be prescribed by the state finance committee and may be sold in such manner and in ...

47.61.060 Proceeds of bonds -- Deposit and use
The money arising from the sale of said bonds shall be deposited in the state treasury to the credit of the motor vehicle fund and ...

47.61.070 Statement describing nature of bond obligation -- Pledge of excise taxes
Bonds issued under the provisions of this chapter shall distinctly state that they are not a general obligation of the state but are payable in ...

47.61.080 Bonds to reflect terms and conditions of grant agreement
Bonds issued under the provisions of RCW 47.61.020 shall fully reflect the terms and conditions of the grant agreement to be executed pursuant to the ...

47.61.090 Designation of funds to repay bonds and interest
Funds required to repay the bonds, or the interest thereon when due, shall be taken from that portion of the motor vehicle fund which results ...

47.61.100 Bond repayment procedure -- Highway bond retirement fund
At least one year prior to the date any interest is due and payable on such bonds or before the maturity date of any bonds, ...

47.61.110 Sums in excess of bond retirement requirements -- Use
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor vehicle fuels, payable into the highway bond retirement fund, shall prove ...