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2020 Revised Code of Washington
Title 47 - Public Highways and Transportation
Chapter 47.29 - Transportation Innovative Partnerships.
47.29.240 Use of account.
Universal Citation: WA Rev Code § 47.29.240 (2020)
RCW 47.29.240 Use of account.
(1) The state may use moneys in the transportation innovative partnership subaccount to ensure the repayment of loan guarantees or extensions of credit made to or on behalf of private entities engaged in the planning, acquisition, financing, development, design, construction, reconstruction, replacement, improvement, maintenance, preservation, management, repair, or operation of any eligible project that is related to a subaccount established under this chapter.
(2) The lien of a pledge made under this section is subordinate to the lien of a pledge securing bonds payable from moneys in the motor vehicle fund established in RCW 46.68.070, or the transportation innovative partnership account established in RCW 47.29.230.
[ 2005 c 317 ยง 24.]
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