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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) To the extent that the legislature specifically appropriates funding for a project developed under this chapter using the proceeds of bonds issued by the state, an agreement for the design or construction of the project entered into by the secretary must incorporate provisions that are consistent with the use of the state financing provided by the appropriation.
(2) The secretary shall amend existing agreements or execute new agreements to comply with subsection (1) of this section.
(3) If the secretary is unable to reach agreement with other parties on contractual provisions providing for state financing, the secretary shall not enter into an agreement, or shall take no action with respect to an agreement, or shall exercise termination provisions, whichever option in the secretary's determination will result in the lowest net cost to the state.
Cite this article: FindLaw.com - Washington Revised Code Title 47. Public Highways and Transportation § 47.46.070. Use of state bonds on certain projects - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-47-public-highways-and-transportation/wa-rev-code-47-46-070/
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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