Full text of Washington Revised Code of Washington § 47.10.893 — Repayment procedure — Bond retirement fund., with citation guidance and answers to common questions.
§ 47.10.893. Repayment procedure — Bond retirement fund.
(1) Both principal and interest on the bonds issued for the purposes of this section and RCW
47.10.889 through
47.10.892 and
47.10.894 shall be payable from the highway bond retirement fund. The state finance committee may provide that a special account be created in the fund to facilitate payment of the principal and interest. The state finance committee shall, on or before June 30th of each year, certify to the state treasurer the amount required for principal and interest on the bonds in accordance with the bond proceedings. The state treasurer shall withdraw revenues from the connecting Washington account in the motor vehicle fund and deposit in the highway bond retirement fund, or a special account in the fund, such amounts, and at such times, as are required by the bond proceedings.
(2)(a) Any funds required for bond retirement or interest on the bonds authorized by this section and RCW
47.10.889 through
47.10.892 and
47.10.894 shall be taken from that portion of the motor vehicle fund that results from the imposition of excise taxes on fuel and vehicle-related fees, and that is distributed to the connecting Washington account in the motor vehicle fund.
(b) Funds required shall never constitute a charge against any other allocations of fuel tax and vehicle-related fee revenues to the state, counties, cities, and towns unless the amount arising from excise taxes on fuel and vehicle-related fees distributed to the connecting Washington account described in (a) of this subsection proves insufficient to meet the requirements for bond retirement or interest on any such bonds.
(c) Any payments for bond retirement or interest on the bonds taken from other revenues from the fuel taxes and vehicle-related fees that are distributable to the state, counties, cities, and towns shall be repaid from the first revenues from the fuel taxes and vehicle-related fees distributed to the connecting Washington account described in (a) of this subsection not required for bond retirement or interest on the bonds.
Notes
Effective date—2015 3rd sp.s. c 45 ss 8-10: See note following RCW
47.10.892.
Expiration date—2015 3rd sp.s. c 45 ss 4-6: See note following RCW
47.10.892.
Effective date—2015 3rd sp.s. c 45: See note following RCW
47.10.889.
Source: official Washington text · Last verified 2026-08-27
Frequently Asked Questions About Washington § 47.10.893
What does Revised Code of Washington § 47.10.893 cover?
Section 47.10.893 ("Repayment procedure — Bond retirement fund.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Washington § 47.10.893?
A common citation format is "Revised Code of Washington § 47.10.893" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Washington law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.
How does Washington § 47.10.893 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Washington.
