§ 43.340.110. Dissolution of authority
The authority shall dissolve no later than two years from the date of final payment of all of its outstanding bonds and the satisfaction of all outstanding obligations of the authority, except to the extent necessary to remain in existence to fulfill any outstanding covenants or provisions with bondholders or third parties made in accordance with this chapter. Upon dissolution of the authority, all assets of the authority shall be returned to the state and shall be deposited in the state general fund, and the authority shall execute any necessary assignments or instruments, including any assignment of any right, title, or ownership to the state for receipt of payments under the master settlement agreement.
[2002 c 365 § 12.]
Sections: Previous 43.340.020 43.340.030 43.340.040 43.340.050 43.340.060 43.340.070 43.340.080 43.340.090 43.340.100 43.340.110 43.340.120 43.340.130 43.340.900 43.340.901 43.340.902 NextLast modified: April 7, 2009