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2005 Washington Revised Code RCW 28B.14D.050: Administration and use of proceeds from bonds and notes.
Subject to legislative appropriation, all proceeds of the bonds and bond anticipation notes authorized in this chapter shall be administered and expended by the boards of regents or the boards of trustees of the state institutions of higher education exclusively for the purposes specified in this chapter and for the payment of the expenses incurred in connection with the sale and issuance of such bonds and bond anticipation notes.
[1979 ex.s. c 253 § 5.]
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