28B.50.401 - Transfer of moneys in community college bond retirement fund to state general fund--Purpose.

Transfer of moneys in community college bond retirement fund to state general fund — Purpose.

The state finance committee has heretofore refunded, pursuant to RCW 28B.50.403 through 28B.50.407, all of the outstanding building bonds of the community college board payable from the community college bond retirement fund. By reason of such refunding said bonds are no longer deemed to be outstanding and moneys presently on deposit in said bond retirement fund are no longer needed to pay and secure the payment of such refunded bonds.

[1985 c 390 § 58; 1977 ex.s. c 223 § 1.]

Notes: Severability -- 1977 ex.s. c 223: "If any provision of this act, or its application to any person or circumstance is held invalid, the remainder of the act, or the application of the provision to other persons or circumstances is not affected." [1977 ex.s. c 223 § 4.]