43.99I.020 - Conditions and limitations.

Conditions and limitations.

Bonds issued under RCW 43.99I.010 are subject to the following conditions and limitations:

     General obligation bonds of the state of Washington in the sum of one billion two hundred seventy-one million sixty-five thousand dollars, or so much thereof as may be required, shall be issued for the purposes described and authorized by the legislature in the capital and operating appropriations acts for the 1991-93 fiscal biennium and subsequent fiscal biennia, and to provide for the administrative cost of such projects, including costs of bond issuance and retirement, salaries and related costs of officials and employees of the state, costs of insurance or credit enhancement agreements, and other expenses incidental to the administration of capital projects. Subject to such changes as may be required in the appropriations acts, the proceeds from the sale of the bonds issued for the purposes of this subsection shall be deposited in the state building construction account created by RCW 43.83.020 and transferred as follows:

     (1) Eight hundred thirty-five thousand dollars to the state higher education construction account created by RCW 28B.10.851;

     (2) Eight hundred seventy-one million dollars to the state building construction account created by RCW 43.83.020;

     (3) Two million eight hundred thousand dollars to the energy efficiency services account created by *RCW 39.35C.110;

     (4) Two hundred fifty-five million five hundred thousand dollars to the common school reimbursable construction account hereby created in the state treasury;

     (5) Ninety-eight million six hundred forty-eight thousand dollars to the higher education reimbursable construction account hereby created in the state treasury;

     (6) Three million two hundred eighty-four thousand dollars to the data processing building construction account created in **RCW 43.99I.100; and

     (7) Nine hundred thousand dollars to the Washington state dairy products commission facility account created in **RCW 43.99I.110.

     These proceeds shall be used exclusively for the purposes specified in this subsection, and for the payment of expenses incurred in the issuance and sale of the bonds issued for the purposes of this section, and shall be administered by the office of financial management, subject to legislative appropriation.

[1997 c 456 § 38; 1992 c 235 § 2; 1991 sp.s. c 31 § 2.]

Notes: Reviser's note: *(1) RCW 39.35C.110 was repealed by 2001 c 292 § 4.

     **(2) RCW 43.99I.100 and 43.99I.110 were repealed by 2010 1st sp.s. c 9 § 8.

Severability -- 1997 c 456: See RCW 43.99L.900.

Effective date -- 1997 c 456 §§ 9-43: See RCW 43.99M.901.