2009 Washington Code
Title 47 - Public highways and transportation
Chapter 47.10 - Highway construction bonds.
47.10.310 - Construction in Grant, Franklin, Adams counties authorized -- Bonds not general obligations -- Taxes pledged.
Construction in Grant, Franklin, Adams counties authorized — Bonds not general obligations — Taxes pledged.
Bonds issued under the provisions of RCW 47.10.280 through 47.10.400 shall distinctly state that they are not a general obligation of the state, but are payable in the manner provided in RCW 47.10.280 through 47.10.400 from the proceeds of all state excise taxes on motor vehicle fuels imposed by chapter 82.36 RCW, and RCW 82.36.020, 82.36.230, 82.36.250 and 82.36.400; and *chapter 82.40 RCW and RCW 82.40.020. The proceeds of such excise taxes are pledged to the payment of any bonds and the interest thereon issued under the provisions of RCW 47.10.280 through 47.10.400. The legislature agrees to continue to impose the same excise taxes on motor fuels in amounts sufficient to pay the principal and interest on all bonds issued under the provisions of RCW 47.10.280 through 47.10.400 when due.
[1961 c 13 § 47.10.310. Prior: 1955 c 311 § 4.]
Notes: *Reviser's note: Chapter 82.40 RCW and RCW 82.40.020, see note following RCW 47.10.040.
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