Washington § 39.42.120 Excess earnings account—Payments to United States treasury.

Washington Statutes

§ 39.42.120 — Excess earnings account—Payments to United States treasury.

Washington § 39.42.120

Title 39PUBLIC CONTRACTS AND INDEBTEDNESS

Ch. 39.42STATE BONDS, NOTES, AND OTHER EVIDENCES OF INDEBTEDNESS

This text of Washington § 39.42.120 (Excess earnings account—Payments to United States treasury.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 39.42.120 (2026).

Text

The excess earnings account is created in the state treasury. From the revenue funds from which principal and interest payments on bonds are provided, the state treasurer shall periodically transfer to the excess earnings account such amounts as are owed to the federal government under section 148 of the federal internal revenue code. Pursuant to legislative appropriation from the excess earnings account, the state treasurer shall periodically remit to the United States treasury any amounts owed to the federal government under section 148 of the federal internal revenue code.

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The excess earnings account is created in the state treasury. From the revenue funds from which principal and interest payments on bonds are provided, the state treasurer shall periodically transfer to the excess earnings account such amounts as are owed to the federal government under section 148 of the federal internal revenue code. Pursuant to legislative appropriation from the excess earnings account, the state treasurer shall periodically remit to the United States treasury any amounts owed to the federal government under section 148 of the federal internal revenue code.