Statutes > Washington Statutes > Title 28B - Higher education > Chapter 28B.59D - 1981 Community college capital projects bond act. > 28B.59D.040 - Administration and expenditure of proceeds from sale of bonds -- Condition.

28B.59D.040 - Administration and expenditure of proceeds from sale of bonds -- Condition.

Administration and expenditure of proceeds from sale of bonds — Condition.

Subject to legislative appropriation, all principal proceeds of the bonds authorized in RCW 28B.59D.010 through 28B.59D.070 shall be administered by the college board exclusively for the purposes specified in RCW 28B.59D.010 through 28B.59D.070 and for the payment of the expenses incurred in connection with their sale and issuance.

[1981 c 237 § 4.]

Notes: Severability -- 1981 c 237: See note following RCW 28B.59D.010.