28A.525.260 - Disposition of proceeds from sale of bonds and notes -- Use.

Disposition of proceeds from sale of bonds and notes — Use.

Except for that portion of the proceeds required to pay bond anticipation notes, the proceeds from the sale of the bonds and bond anticipation notes authorized by RCW 28A.525.230 through 28A.525.300, and any interest earned on the proceeds, together with all grants, donations, transferred funds, and all other moneys which the state finance committee may direct the state treasurer to deposit therein, shall be deposited in the common school construction fund and shall be used exclusively for the purposes of carrying out RCW 28A.525.230 through 28A.525.300, and for payment of the expense incurred in the printing, issuance and sale of the bonds.

[1990 c 33 § 473; 1980 c 141 § 4. Formerly RCW 28A.47B.040.]