Washington § 47.26.425 - Bonds — Designation of funds to repay bonds and interest.

Full text of Washington Revised Code of Washington § 47.26.425 — Bonds — Designation of funds to repay bonds and interest., with citation guidance and answers to common questions.

§ 47.26.425. Bonds — Designation of funds to repay bonds and interest.

Any funds required to repay the first authorization of two hundred fifty million dollars of bonds authorized by RCW 47.26.420, as amended by section 18, chapter 317, Laws of 1977 ex. sess. or the interest thereon when due, shall be taken from that portion of the motor vehicle fund which results from the imposition of excise taxes on motor vehicle and special fuels and which is distributed to the transportation improvement account in the motor vehicle fund pursuant to RCW 46.68.090(2)(e), and shall never constitute a charge against any allocations of any other such funds in the motor vehicle fund to the state, counties, cities, and towns unless and until the amount of the motor vehicle fund arising from the excise tax on motor vehicle and special fuels and distributed to the transportation improvement account proves insufficient to meet the requirements for bond retirement or interest on any such bonds.
[ 2011 c 120 s 11; 2007 c 519 s 7; 1999 sp.s. c 1 s 609. Prior: 1999 c 269 s 6; 1999 c 94 s 21; 1994 c 179 s 22; 1977 ex.s. c 317 s 20; 1967 ex.s. c 83 s 50.]

Notes

Effective date—1999 sp.s. c 1: See note following RCW 88.16.090.
Effective date—1999 c 269: See note following RCW 36.78.070.
Legislative finding—Effective dates—1999 c 94: See notes following RCW 43.84.092.
Effective dates—1977 ex.s. c 317: See note following RCW 82.38.030.

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

Related Washington Legal Topics

Frequently Asked Questions About Washington § 47.26.425

What does Revised Code of Washington § 47.26.425 cover?

Section 47.26.425 ("Bonds — Designation of funds to repay bonds and interest.") 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 § 47.26.425?

A common citation format is "Revised Code of Washington § 47.26.425" (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 § 47.26.425 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.