§ 43.99F.080. Retirement of bonds from waste disposal facilities bond redemption fund -- Remedies of bondholders -- Debt-limit general fund bond retirement account
The waste disposal facilities bond redemption fund shall be used for the purpose of the payment of the principal of and redemption premium, if any, and interest on the bonds and the bond anticipation notes authorized to be issued under this chapter.
The state finance committee, on or before June 30th of each year, shall certify to the state treasurer the amount required in the next succeeding twelve months for the payment of the principal of and interest coming due on the bonds. 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 waste disposal facilities bond redemption 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 may by mandamus or other appropriate proceeding require the transfer and payment of funds as directed in this chapter.
If a debt-limit general fund bond retirement account is created in the state treasury by chapter 456, Laws of 1997 and becomes effective prior to the issuance of any of the bonds authorized by this chapter, the debt-limit general fund bond retirement account shall be used for the purposes of this chapter in lieu of the waste disposal facilities bond redemption fund.
[1997 c 456 § 14; 1980 c 159 § 8.]
Notes:
Severability -- 1997 c 456: See RCW 43.99L.900.
Effective date -- 1997 c 456 § § 9-43: See RCW 43.99M.901.
Sections: Previous 43.99F.010 43.99F.020 43.99F.030 43.99F.040 43.99F.050 43.99F.060 43.99F.070 43.99F.080 43.99F.090 43.99F.100 43.99F.110 Next
Last modified: April 7, 2009