Washington Code 47.10.875 – Proceeds — Deposit and use
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The proceeds from the sale of bonds authorized by RCW 47.10.873 shall be deposited in the transportation partnership account in the motor vehicle fund. The proceeds shall be available only for the purposes enumerated in RCW 47.10.873, for the payment of bond anticipation notes, if any, and for the payment of bond issuance costs, including the costs of underwriting.
[ 2005 c 315 § 3.]
NOTES:
Effective date—2005 c 315: See note following RCW 47.10.873.
Terms Used In Washington Code 47.10.875
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.