Proceeds — Deposit and use.

RCW 47.10.898
in effect
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(1) The proceeds from the sale of bonds authorized by: (a) RCW 47.10.896 (1)(a) shall be deposited in the Interstate 405 and state route number 167 express toll lanes account created in RCW 47.56.884 ; and (b) RCW 47.10.896 (1)(b) shall be deposited in the Puget Sound Gateway facility account created in RCW 47.56.897 . (2) The bond proceeds shall be available only for the purposes enumerated in section 2, chapter 421, Laws of 2019 [RCW 47.10.896 ], for the payment of bond anticipation notes or other interim financing, if any, capitalizing interest on the bonds, funding a debt service reserve fund, if any, and for the payment of bond issuance costs, including the costs of underwriting. (1) The proceeds from the sale of bonds authorized by: (a) RCW 47.10.896 (1)(a) shall be deposited in the Interstate 405 and state route number 167 express toll lanes account created in RCW 47.56.884 ; and (b) RCW 47.10.896 (1)(b) shall be deposited in the Puget Sound Gateway facility account created in RCW 47.56.897 . (2) The bond proceeds shall be available only for the purposes enumerated in section 2, chapter 421, Laws of 2019 [RCW 47.10.896 ], for the payment of bond anticipation notes or other interim financing, if any, capitalizing interest on the bonds, funding a debt service reserve fund, if any, and for the payment of bond issuance costs, including the costs of underwriting.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=47.10&full=trueFetched: 6/29/2026

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