Washington § 47.26.423 - Bonds — Bond proceeds — Deposit and use.

Full text of Washington Revised Code of Washington § 47.26.423 — Bonds — Bond proceeds — Deposit and use., with citation guidance and answers to common questions.

§ 47.26.423. Bonds — Bond proceeds — Deposit and use.

The money arising from the sale of the first authorization bonds, series II bonds, and series III bonds shall be deposited in the state treasury to the credit of the transportation improvement account in the motor vehicle fund, and such money shall be available only for the construction and improvement of county and city urban arterials, and for payment of the expense incurred in the printing, issuance, and sale of any such bonds. The costs of obtaining insurance, letters of credit, or other credit enhancement devices with respect to the bonds shall be considered to be expenses incurred in the issuance and sale of the bonds.
[ 2011 c 120 s 10; 1986 c 290 s 5; 1981 c 315 s 8; 1979 c 5 s 6; 1967 ex.s. c 83 s 48.]

Notes

Effective date—1981 c 315: See note following RCW 47.26.190.
Construction—1979 c 5: See note following RCW 47.26.420.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 47.26.423

What does Revised Code of Washington § 47.26.423 cover?

Section 47.26.423 ("Bonds — Bond proceeds — Deposit and use.") 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 § 47.26.423?

A common citation format is "Revised Code of Washington § 47.26.423" (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 § 47.26.423 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

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