§ 43.83H.180. Retirement of bonds from state general obligation bond retirement fund -- Remedies of bondholders
The state general obligation bond retirement fund shall be used for the purpose of the payment of interest on and retirement of the bonds authorized to be issued by RCW 43.83H.172 through 43.83H.182.
The state finance committee, on or before June 30th of each year, shall certify to the state treasurer the amount needed in the ensuing twelve months, to meet bond retirement and interest requirements. Not less than thirty days prior to the date on which any interest or principal and interest payment is due, the state treasurer shall withdraw from any general state revenues received in the state treasury and deposit in the general obligation bond retirement fund an amount equal to the amount certified by the state finance committee to be due on the payment date.
The owner and holder of each of the bonds or the trustee for any of the bonds, by mandamus or other appropriate proceeding, may require and compel the transfer and payment of funds as directed in this section.
[1981 c 234 § 5.]
Notes:
State general obligation bond retirement fund: RCW 43.83.160.
Sections: Previous 43.83H.166 43.83H.168 43.83H.170 43.83H.172 43.83H.174 43.83H.176 43.83H.178 43.83H.180 43.83H.182 43.83H.184 43.83H.186 43.83H.188 43.83H.190 43.83H.192 43.83H.194 Next
Last modified: April 7, 2009