Title 47 — Title 47 PUBLIC HIGHWAYS AND TRANSPORTATION
45 chapters · 1,269 sections in this title.
RCW 47.26.501 Term—Signatures—Registration—Negotiable instruments.
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Each of such bonds shall be made payable at any time not exceeding thirty years from the date of its issuance, with such reserved rights of prior redemption, bearing such interest, and such terms and conditions, as the state finance committee may prescribe to be specified therein…
RCW 47.26.502 Denominations—Manner and terms of sale—State investment.
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The bonds issued under RCW 47.26.500 through 47.26.507 shall be in denominations to be prescribed by the state finance committee and may be sold in such manner and in such amounts and at such times and on such terms and conditions as the committee may prescribe. The state finance…
RCW 47.26.503 Use of proceeds.
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The money arising from the sale of the bonds shall be deposited in the state treasury to the credit of the transportation improvement account in the motor vehicle fund, and such money shall be available only for the construction and improvement of state, county, and city transpor…
RCW 47.26.504 Statement of obligation—Pledge of excise taxes and vehicle-related fees.
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Bonds issued under the provisions of RCW 47.26.500 through 47.26.507 must distinctly state that they are a general obligation of the state of Washington, must pledge the full faith and credit of the state to the payment of the principal thereof and the interest thereon, and must …
RCW 47.26.505 Funds for repayment.
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Any funds required to repay such bonds, or the interest thereon when due, shall be taken from that portion of the motor vehicle fund which results from the imposition of excise taxes on motor vehicle and special fuels and which is distributed to the transportation improvement acc…
RCW 47.26.506 Repayment procedure—Bond retirement account.
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At least one year prior to the date any interest is due and payable on such bonds or before the maturity date of any such bonds, the state finance committee shall estimate, subject to the provisions of RCW 47.26.505 the percentage of the receipts in money of the motor vehicle fun…
RCW 47.26.507 Sums in excess of retirement requirements—Use.
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Whenever the percentage of the motor vehicle fund arising from excise taxes on motor vehicle and special fuels payable into the transportation improvement board bond retirement account, shall prove more than is required for the payment of interest on bonds when due, or current re…
RCW 47.26.910 Effective dates—1967 ex.s. c 83.
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This 1967 amendatory act is necessary for the immediate preservation of the public peace, health and safety, the support of the state government and its existing public institutions and sections 1 through 55 and section 56, renumbered "Sec. 62", shall take effect on the first day…
RCW 47.26.930 Construction—1969 ex.s. c 171.
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The rule of strict construction shall have no application to this 1969 act or to the provisions of chapter 47.26 RCW, and they shall be liberally construed in order to carry out an effective, efficient and equitable program of financial assistance to urban area cities and countie…