28B.31.070 - Transfer of moneys to state general fund from Washington State University building account.

Transfer of moneys to state general fund from Washington State University building account.

On or before June 30th of each year the board of regents of Washington State University shall cause to be accumulated in the Washington State University building account, from moneys transferred into said account from the Washington State University bond retirement fund pursuant to RCW 28B.30.750(5), an amount at least equal to the amount required in the next succeeding twelve months for the payment of the principal of and interest on the bonds issued pursuant to this chapter. Not less than thirty days prior to the date on which any such interest or principal and interest payment is due, the board of regents of Washington State University shall cause the amount so computed to be paid out of such building account to the state treasurer, for deposit into the general fund of the state treasury.

[1977 ex.s. c 344 § 7.]

Notes: Severability -- 1977 ex.s. c 344: See note following RCW 28B.31.010.