RCW 43.100A.306 Bond issuance—Intent.
It is the intent of the legislature that the proceeds of the new bonds authorized in RCW 43.100A.305 will be dispersed [disbursed] in phases of no more than twenty million dollars per year over fifteen years, beginning with the 2017-2019 biennium. This is not intended to limit the state's ability to disperse [disburse] bond proceeds if the full amount authorized in RCW 43.100A.305 has not been dispersed [disbursed] after fifteen years. The authorization to issue bonds contained in RCW 43.100A.305 does not expire until the full authorization has been issued and dispersed [disbursed].
[ 2018 c 3 § 202.]
NOTES:
Effective date—2018 c 3: See note following RCW 43.100A.300.
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