Statutes > Washington Statutes > Title 28B - Higher education > Chapter 28B.14F - Bond issues for capital improvements. > 28B.14F.030 - Disposition of proceeds from sale of bonds -- Use.

28B.14F.030 - Disposition of proceeds from sale of bonds -- Use.

Disposition of proceeds from sale of bonds — Use.

The proceeds from the sale of the bonds authorized in RCW 28B.14F.010 through 28B.14F.050, together with all grants, donations, transferred funds, and all other moneys which the state finance committee may direct the state treasurer to deposit therein, shall be deposited in the state higher education construction account of the general fund in the state treasury. All such proceeds shall be used exclusively for the purposes specified in RCW 28B.14F.010 through 28B.14F.050 and for the payment of the expenses incurred in connection with the sale and issuance of the bonds.

[1981 c 232 § 3.]