Washington § 47.29.240 Use of account.(Effective until July 1, 2026.)

Washington Statutes

§ 47.29.240 — Use of account.(Effective until July 1, 2026.)

Washington § 47.29.240

Title 47PUBLIC HIGHWAYS AND TRANSPORTATION

Ch. 47.29TRANSPORTATION INNOVATIVE PARTNERSHIPS

This text of Washington § 47.29.240 (Use of account.(Effective until July 1, 2026.)) 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 § 47.29.240 (2026).

Text

(1)The state may use moneys in the transportation innovative partnership subaccount to ensure the repayment of loan guarantees or extensions of credit made to or on behalf of private entities engaged in the planning, acquisition, financing, development, design, construction, reconstruction, replacement, improvement, maintenance, preservation, management, repair, or operation of any eligible project that is related to a subaccount established under this chapter.

(2)The lien of a pledge made under this section is subordinate to the lien of a pledge securing bonds payable from moneys in the motor vehicle fund established in RCW 46.68.070 , or the transportation innovative partnership account established in RCW 47.29.230 .

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(1) The state may use moneys in the transportation innovative partnership subaccount to ensure the repayment of loan guarantees or extensions of credit made to or on behalf of private entities engaged in the planning, acquisition, financing, development, design, construction, reconstruction, replacement, improvement, maintenance, preservation, management, repair, or operation of any eligible project that is related to a subaccount established under this chapter.

(2) The lien of a pledge made under this section is subordinate to the lien of a pledge securing bonds payable from moneys in the motor vehicle fund established in RCW 46.68.070 , or the transportation innovative partnership account established in RCW 47.29.230 .