28A.525.300 - Proceeds from sale of bonds as compensation for sale of timber from trust lands.

Proceeds from sale of bonds as compensation for sale of timber from trust lands.

The proceeds received from the sale of the bonds issued under RCW 28A.525.230 through 28A.525.300 which are deposited in the common school construction fund and available for common school construction purposes shall serve as total compensation to the common school construction fund for the proceeds from the sale of timber from trust lands sold prior to March 13, 1980, to the state parks and recreation commission pursuant to RCW *43.51.270 and **43.51.280 which are required to be deposited in the common school construction fund. The superintendent of public instruction and the state board of education shall expend by June 30, 1981, the proceeds received from the bonds issued under RCW 28A.525.230 through 28A.525.300.

[1990 c 33 § 477; 1980 c 141 § 8. Formerly RCW 28A.47B.080.]

Notes: Reviser's note: *(1) RCW 43.51.270 was recodified as RCW 79A.05.210 pursuant to 1999 c 249 § 1601.

     **(2) RCW 43.51.280 was repealed by 1995 c 211 § 6, effective July 1, 1995.