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Current as of January 01, 2025 | Updated by Findlaw Staff
Any funds required to repay such bonds, or the interest thereon when due shall be taken from that portion of the motor vehicle fund which results from the imposition of excise taxes on motor vehicle and special fuels and which is distributed to the state under the provisions of *RCW 46.68.090(1)(c) for construction of state highways in urban areas, and shall never constitute a charge against any allocations of any other such funds to the state, counties, cities, and towns unless and until the amount of the motor vehicle fund arising from the excise taxes on motor vehicle and special fuels and available to the state for construction of state highways in urban areas proves insufficient to meet the requirements for bond retirement or interest on any such bonds.
Cite this article: FindLaw.com - Washington Revised Code Title 47. Public Highways and Transportation § 47.26.405. Bonds--Designation of funds to repay bonds and interest - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-47-public-highways-and-transportation/wa-rev-code-47-26-405/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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