Washington § 47.60.570 Disposition of proceeds from sale of bonds.

Washington Statutes

§ 47.60.570 — Disposition of proceeds from sale of bonds.

Washington § 47.60.570

Title 47PUBLIC HIGHWAYS AND TRANSPORTATION

Ch. 47.60PUGET SOUND FERRY AND TOLL BRIDGE SYSTEM

This text of Washington § 47.60.570 (Disposition of proceeds from sale of bonds.) 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 § 47.60.570 (2026).

Text

The proceeds from the sale of the bonds shall be deposited in the Puget Sound capital construction account of the motor vehicle fund and such proceeds shall be available only for the purposes enumerated in RCW 47.60.560 , for the payment of bond anticipation notes, if any, and for the payment of the expense incurred in the drafting, printing, issuance, and sale of such bonds. The costs of obtaining insurance, letters of credit, or other credit enhancement devices with respect to the bonds shall be considered to be expenses incurred in the issuance and sale of the bonds.

Severability — 1977 ex.s. c 360: See note following RCW 47.60.560 .

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The proceeds from the sale of the bonds shall be deposited in the Puget Sound capital construction account of the motor vehicle fund and such proceeds shall be available only for the purposes enumerated in RCW 47.60.560 , for the payment of bond anticipation notes, if any, and for the payment of the expense incurred in the drafting, printing, issuance, and sale of such bonds. The costs of obtaining insurance, letters of credit, or other credit enhancement devices with respect to the bonds shall be considered to be expenses incurred in the issuance and sale of the bonds.

Severability — 1977 ex.s. c 360: See note following RCW 47.60.560 .