2005 Washington Revised Code RCW 28B.30.606: Tree fruit research center facility, financing — Administration of proceeds from sale of bonds or notes — Investment of surplus funds.

The principal proceeds from the sale of the bonds or notes deposited in the office-laboratory construction account of the general fund shall be administered by Washington State University. Whenever there is a surplus of funds available in the office-laboratory construction account of the general fund to meet current expenditures payable therefrom, the state finance committee may invest such portion of said funds as the university deems appropriate in securities issued by the United States or agencies of the United States government as defined by RCW 43.84.080 (1) and (4). All income received from such investments shall be deposited to the credit of the bond retirement fund created in RCW 28B.30.610.

[1975 1st ex.s. c 109 § 3; 1974 ex.s. c 109 § 4.]

Severability -- 1975 1st ex.s. c 109: See note following RCW 28B.30.600.      Severability -- 1974 ex.s. c 109: See note following RCW 28B.30.600.