Statutes > Washington Statutes > Title 28B - Higher education > Chapter 28B.59C - 1979 Community college capital projects bond act. > 28B.59C.050 - Administration of proceeds from bonds and notes.

28B.59C.050 - Administration of proceeds from bonds and notes.

Administration of proceeds from bonds and notes.

Subject to legislative appropriation, all principal proceeds of the bonds and/or bond anticipation notes authorized in this chapter shall be administered by the college board exclusively for the purposes specified in this chapter and for the payment of the expenses incurred in connection with their sale and issuance.

[1979 ex.s. c 226 § 5.]

Notes: Effective date -- Severability -- 1979 ex.s. c 226: See notes following RCW 28B.59C.010.