Washington § 47.26.424 - Bonds — Statement describing nature of obligation — Pledge of excise taxes and vehicle-related fees.

Full text of Washington Revised Code of Washington § 47.26.424 — Bonds — Statement describing nature of obligation — Pledge of excise taxes and vehicle-related fees., with citation guidance and answers to common questions.

§ 47.26.424. Bonds — Statement describing nature of obligation — Pledge of excise taxes and vehicle-related fees.

The first authorization bonds, series II bonds, and series III bonds must distinctly state that they are a general obligation of the state of Washington, must pledge the full faith and credit of the state to the payment of the principal thereof and the interest thereon, and must contain an unconditional promise to pay such principal and interest as the same becomes due. The principal and interest on such bonds must be first payable in the manner provided in RCW 47.26.420 through 47.26.427, 47.26.425, and 47.26.4254 from the proceeds of state excise taxes on motor vehicle and special fuels imposed by chapter 82.38 RCW and vehicle-related fees. The proceeds of such excise taxes and vehicle-related fees are hereby pledged to the payment of any such bonds and the interest thereon, and the legislature hereby agrees to continue to impose the same excise taxes on motor vehicle and special fuels and vehicle-related fees in amounts sufficient to pay, when due, the principal and interest on all such bonds.
[ 2022 c 103 s 29; 2013 c 225 s 630; 1995 c 274 s 11; 1981 c 315 s 9; 1979 c 5 s 7; 1977 ex.s. c 317 s 19; 1973 1st ex.s. c 169 s 6; 1967 ex.s. c 83 s 49.]

Notes

Intent—2022 c 103: See note following RCW 47.10.908.
Applicability—2022 c 103: See note following RCW 47.10.883.
Effective date—2013 c 225: See note following RCW 82.38.010.
Effective date—1981 c 315: See note following RCW 47.26.190.
Construction—1979 c 5: See note following RCW 47.26.420.
Effective dates—1977 ex.s. c 317: See note following RCW 82.38.030.

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

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Frequently Asked Questions About Washington § 47.26.424

What does Revised Code of Washington § 47.26.424 cover?

Section 47.26.424 ("Bonds — Statement describing nature of obligation — Pledge of excise taxes and vehicle-related fees.") 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 § 47.26.424?

A common citation format is "Revised Code of Washington § 47.26.424" (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 § 47.26.424 apply to my situation?

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