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Code · Washington · Title 47 — Public Highways and Transportation · Chapter 47.10

RCW 47.10.898

139 words·~1 min read·/wa/title-47/chapter-47-10/47-10-898·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The proceeds from the sale of bonds authorized by:
(a)RCW 47.10.896 (1)(a) shall be deposited in the Interstate 405 and state route number 167 express toll lanes account created in RCW 47.56.884 ; and
(b)RCW 47.10.896 (1)(b) shall be deposited in the Puget Sound Gateway facility account created in RCW 47.56.897 .
(2)The bond proceeds shall be available only for the purposes enumerated in section 2, chapter 421, Laws of 2019 [RCW 47.10.896 ], for the payment of bond anticipation notes or other interim financing, if any, capitalizing interest on the bonds, funding a debt service reserve fund, if any, and for the payment of bond issuance costs, including the costs of underwriting.
[ 2019 c 421 s 4 .]
Notes:
Intent — Effective date — 2019 c 421: See notes following RCW 47.10.896 .
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