reglab/statecodes huggingface dataset:
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.404 - Bonds—Statement describing nature of obligation—Pledge of excise taxes.

RCW 47.26.404
Bonds—Statement describing nature of obligation—Pledge of excise taxes.
Bonds issued under the provisions of RCW 47.26.400 through 47.26.407 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 of and interest on such bonds must be first payable in the manner provided in RCW 47.26.400 through 47.26.407 from the proceeds of state excise taxes on motor vehicle fuels imposed by chapter 82.38 RCW. The proceeds of such excise taxes are hereby pledged to the payment of any bonds and the interest thereon issued under the provisions of RCW 47.26.400 through 47.26.407, and the legislature hereby agrees to continue to impose the same excise taxes on motor vehicle fuels in amounts sufficient to pay, when due, the principal and interest on all bonds issued under the provisions of RCW 47.26.400 through 47.26.407.
[ 2013 c 225 § 629; 1973 1st ex.s. c 169 § 3; 1967 ex.s. c 83 § 40.]
NOTES:
Effective date—2013 c 225: See note following RCW 82.38.010.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.405 - Bonds—Designation of funds to repay bonds and interest.

RCW 47.26.405
Bonds—Designation of funds to repay bonds and interest.
Any funds required to repay such bonds, 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 state under the provisions of *RCW 46.68.090(1)(c) for construction of state highways in urban areas, and shall never constitute a charge against any allocations of any other such funds to the state, counties, cities, and towns unless and until the amount of the motor vehicle fund arising from the excise taxes on motor vehicle and special fuels and available to the state for construction of state highways in urban areas proves insufficient to meet the requirements for bond retirement or interest on any such bonds.
[ 1999 c 269 § 5; 1977 ex.s. c 317 § 17; 1967 ex.s. c 83 § 41.]
NOTES:
*Reviser's note: RCW 46.68.090 was amended by 2003 c 361 § 403, changing subsection (1)(c) to subsection (2)(a).
Effective date—1999 c 269: See note following RCW 36.78.070.
Effective dates—1977 ex.s. c 317: See note following RCW 82.38.030.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.406 - Bonds—Repayment procedure—Bond retirement fund.

RCW 47.26.406
Bonds—Repayment procedure—Bond retirement fund.
At least one year prior to the date any interest is due and payable on such bonds or before the maturity date of any such bonds, the state finance committee shall estimate, subject to the provisions of RCW 47.26.405, the percentage of the receipts in money of the motor vehicle fund, resulting from collection of excise taxes on motor vehicle fuels, for each month of the year which shall be required to meet interest or bond payments hereunder when due, and shall notify the state treasurer of such estimated requirement. The state treasurer shall thereafter from time to time each month as such funds are paid into the motor vehicle fund, transfer such percentage of the monthly receipts from excise taxes on motor vehicle fuels of the motor vehicle fund to the bond retirement fund, hereby created, which fund shall be available solely for payment of interest or bonds when due. If in any month it shall appear that the estimated percentage of money so made is insufficient to meet the requirements for interest or bond retirement, the treasurer shall notify the state finance committee forthwith and such committee shall adjust its estimates so that all requirements for interest and principal of all bonds issued shall be fully met at all times.
[ 1967 ex.s. c 83 § 42.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.407 - Bonds—Sums in excess of retirement requirements—Use.

RCW 47.26.407
Bonds—Sums in excess of retirement requirements—Use.
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor vehicle fuels payable into the bond retirement fund, shall prove more than is required for the payment of interest on bonds when due, or current retirement of bonds, any excess may, in the discretion of the state finance committee, be available for the prior redemption of any bonds or remain available in the fund to reduce the requirements upon the fuel excise tax portion of the motor vehicle fund at the next interest or bond payment period.
[ 1967 ex.s. c 83 § 43.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.420 - Issuance and sale of general obligation bonds—Authorized—Amount—Declaration of purpose.

RCW 47.26.420
Issuance and sale of general obligation bonds—Authorized—Amount—Declaration of purpose.
In order to provide funds necessary to meet the urgent construction needs on county and city arterials within urban areas, there are hereby authorized for issuance general obligation bonds of the state of Washington, the first authorization of which shall be in the sum of two hundred fifty million dollars, and the second authorization of which, to be known as series II bonds, shall be in the sum of sixty million dollars, and the third authorization of which, to be known as series III bonds, shall be in the sum of one hundred million dollars, which shall be issued and sold in such amounts and at such times as determined to be necessary by the transportation improvement board. The amount of such bonds issued and sold under the provisions of RCW 47.26.420 through 47.26.427 in any biennium shall not exceed the amount of a specific appropriation therefor, from the proceeds of such bonds, for the construction of county and city arterials in urban areas. The issuance, sale, and retirement of said bonds shall be under the supervision and control of the state finance committee which, upon request being made by the transportation improvement board, shall provide for the issuance, sale, and retirement of coupon or registered bonds to be dated, issued, and sold from time to time in such amounts as shall be requested by the transportation improvement board.
[ 2007 c 519 § 6; 1981 c 315 § 5; 1979 c 5 § 3. Prior: 1977 ex.s. c 317 § 18; 1973 1st ex.s. c 169 § 4; 1967 ex.s. c 83 § 45.]
NOTES:
Effective date—1981 c 315: See note following RCW 47.26.190.
Appropriation—Expenditure limited to bond sale proceeds—1981 c 315: "There is appropriated from the urban arterial trust account in the motor vehicle fund to the urban arterial board for the biennium ending June 30, 1983, the sum of thirty-five million dollars, or so much thereof as may be necessary, to carry out section 5 of this act: PROVIDED, That the money available for expenditure under this appropriation may not exceed the amount of money derived from the sale of bonds authorized by section 5 of this act and deposited to the credit of the urban arterial trust account in the motor vehicle fund." [ 1981 c 315 § 13.]
Construction—1979 c 5: "Nothing in this 1979 act shall be construed to impair the obligations of any first authorization bonds issued or to be issued under RCW 47.26.420 through 47.26.427, or to enlarge the original authorization thereof over two hundred million dollars, and the retirement of and issuance of the remainder of the authorized amount of such bonds shall proceed in accordance with law under the supervision of the state finance committee." [ 1979 c 5 § 12.]
Effective dates—1977 ex.s. c 317: See note following RCW 82.38.030.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.421 - Bonds—Term—Terms and conditions—Signatures—Registration—Where payable—Negotiable instruments.

RCW 47.26.421
Bonds—Term—Terms and conditions—Signatures—Registration—Where payable—Negotiable instruments.
Each of such first authorization bonds, series II bonds, and series III bonds shall be made payable at any time not exceeding thirty years from the date of its issuance, with such reserved rights of prior redemption, bearing such interest, and such terms and conditions, as the state finance committee may prescribe to be specified therein. The bonds shall be signed by the governor and the state treasurer under the seal of the state, either or both of which signatures may be in printed facsimile, and any coupons attached to such bonds shall be signed by the same officers whose signatures thereon may be in printed facsimile. Any bonds may be registered in the name of the holder on presentation to the state treasurer or at the fiscal agency of the state of Washington in Seattle or New York City, as to principal alone, or as to both principal and interest under such regulations as the state treasurer may prescribe. Such bonds shall be payable at such places as the state finance committee may provide. All bonds issued hereunder shall be fully negotiable instruments.
[ 1986 c 290 § 3; 1981 c 315 § 6; 1979 c 5 § 4; 1973 1st ex.s. c 169 § 5; 1967 ex.s. c 83 § 46.]
NOTES:
Effective date—1981 c 315: See note following RCW 47.26.190.
Construction—1979 c 5: See note following RCW 47.26.420.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.422 - Bonds—Denominations—Manner and terms of sale—Legal investment for state funds.

RCW 47.26.422
Bonds—Denominations—Manner and terms of sale—Legal investment for state funds.
The first authorization bonds, series II bonds, and series III bonds issued hereunder shall be in denominations to be prescribed by the state finance committee and may be sold in such manner and in such amounts and at such times and on such terms and conditions as the committee may prescribe. The state finance committee may obtain insurance, letters of credit, or other credit facility devices with respect to the bonds and may authorize the execution and delivery of agreements, promissory notes, and other obligations for the purpose of insuring the payment or enhancing the marketability of the bonds. Promissory notes or other obligations issued pursuant to this section shall not constitute a debt or the contracting of indebtedness under any constitutional or statutory indebtedness limitation if their payment is conditioned upon the failure of the state to pay the principal of or interest on the bonds with respect to which the promissory notes or other obligations relate. The state finance committee may authorize the issuance of short-term obligations in lieu of long-term obligations for the purposes of more favorable interest rates, lower total interest costs, and increased marketability and for the purpose of retiring the bonds during the life of the project for which they were issued. Bonds issued under the provisions of RCW 47.26.420 through 47.26.427 and 47.26.425 shall be legal investment for any of the funds of the state, except the permanent school fund.
[ 1986 c 290 § 4; 1981 c 315 § 7; 1979 c 5 § 5; 1967 ex.s. c 83 § 47.]
NOTES:
Effective date—1981 c 315: See note following RCW 47.26.190.
Construction—1979 c 5: See note following RCW 47.26.420.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.423 - Bonds—Bond proceeds—Deposit and use.

RCW 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 § 10; 1986 c 290 § 5; 1981 c 315 § 8; 1979 c 5 § 6; 1967 ex.s. c 83 § 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.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.424 - Bonds—Statement describing nature of obligation—Pledge of excise taxes and vehicle-related fees.

RCW 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 § 29; 2013 c 225 § 630; 1995 c 274 § 11; 1981 c 315 § 9; 1979 c 5 § 7; 1977 ex.s. c 317 § 19; 1973 1st ex.s. c 169 § 6; 1967 ex.s. c 83 § 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.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.425 - Bonds—Designation of funds to repay bonds and interest.

RCW 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 § 11; 2007 c 519 § 7; 1999 sp.s. c 1 § 609. Prior: 1999 c 269 § 6; 1999 c 94 § 21; 1994 c 179 § 22; 1977 ex.s. c 317 § 20; 1967 ex.s. c 83 § 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.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.4252 - Bonds—Series II bonds, 1979 reenactment—Designation of funds to repay bonds and interest.

RCW 47.26.4252
Bonds—Series II bonds, 1979 reenactment—Designation of funds to repay bonds and interest.
Any funds required to repay the authorization of series II bonds authorized by RCW 47.26.420, as reenacted by section 3, chapter 5, Laws of 1979, or the interest thereon when due, must first be taken from that portion of the motor vehicle fund which results from the imposition of excise taxes on motor vehicle and special fuels imposed by chapter 82.38 RCW and which is distributed to the transportation improvement account in the motor vehicle fund pursuant to RCW 46.68.090(2)(e), subject, however, to the prior lien of the first authorization of bonds authorized by RCW 47.26.420, as reenacted by section 3, chapter 5, Laws of 1979 and vehicle-related fees in the motor vehicle fund. If the moneys distributed to the transportation improvement account shall ever be insufficient to repay the first authorization bonds together with interest thereon, and the series II bonds or the interest thereon when due, the amount required to make such payments on such bonds or interest thereon must next be taken from vehicle-related fees and 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 state, counties, cities, and towns. Any payments on such bonds or interest thereon taken from motor vehicle or special fuel tax revenues or vehicle-related fees which are distributable to the state, counties, cities, and towns, must be repaid from the first moneys distributed to the transportation improvement account not required for redemption of the first authorization bonds or series II and series III bonds or interest on those bond issues and vehicle-related fees in the motor vehicle fund.
[ 2022 c 103 § 30; 2013 c 225 § 631; 2011 c 120 § 12; 1999 sp.s. c 1 § 610. Prior: 1999 c 269 § 7; 1999 c 94 § 22; 1995 c 274 § 12; 1994 c 179 § 23; 1983 1st ex.s. c 49 § 23; 1979 c 5 § 8.]
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—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 date—1983 1st ex.s. c 49: See RCW 36.79.901.
Construction—1979 c 5: See note following RCW 47.26.420.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.4255 - Bonds—Series II bonds, 1979 reenactment—Charge against fuel tax revenues and vehicle-related fees.

RCW 47.26.4255
Bonds—Series II bonds, 1979 reenactment—Charge against fuel tax revenues and vehicle-related fees.
Except as otherwise provided by statute, the series II bonds issued under authority of RCW 47.26.420, as reenacted by section 3, chapter 5, Laws of 1979, the bonds authorized by RCW 47.60.560 through 47.60.640, and any general obligation bonds of the state of Washington which may be authorized by the forty-sixth legislature or thereafter and which pledge motor vehicle and special fuel excise taxes and vehicle-related fees for the payment of principal and interest thereon shall be an equal charge against the revenues from such motor vehicle and special fuel excise taxes and vehicle-related fees.
[ 2022 c 103 § 32; 1979 c 5 § 9.]
NOTES:
Intent—2022 c 103: See note following RCW 47.10.908.
Applicability—2022 c 103: See note following RCW 47.10.883.
Construction—1979 c 5: See note following RCW 47.26.420.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.426 - Bonds—Repayment procedure—Bond retirement account.

RCW 47.26.426
Bonds—Repayment procedure—Bond retirement account.
At least one year prior to the date any interest is due and payable on such first authorization bonds, series II bonds, and series III bonds or before the maturity date of any such bonds, the state finance committee shall estimate, subject to the provisions of RCW 47.26.425, 47.26.4252, and 47.26.4254 the percentage of the receipts in money of the motor vehicle fund, resulting from collection of excise taxes on motor vehicle and special fuels, for each month of the year which shall be required to meet interest or bond payments hereunder when due, and shall notify the state treasurer of such estimated requirement. The state treasurer, subject to RCW 47.26.425, 47.26.4252, and 47.26.4254, shall thereafter from time to time each month as such funds are paid into the motor vehicle fund, transfer such percentage of the monthly receipts from excise taxes on motor vehicle and special fuels of the motor vehicle fund to the transportation improvement board bond retirement account, maintained in the office of the state treasurer, which fund shall be available for payment of interest or bonds when due. If in any month it shall appear that the estimated percentage of money so made is insufficient to meet the requirements for interest or bond retirement, the treasurer shall notify the state finance committee forthwith and such committee shall adjust its estimates so that all requirements for interest and principal of all bonds issued shall be fully met at all times.
[ 1999 c 268 § 1; 1981 c 315 § 11; 1979 c 5 § 10; 1967 ex.s. c 83 § 51.]
NOTES:
Effective date—1981 c 315: See note following RCW 47.26.190.
Construction—1979 c 5: See note following RCW 47.26.420.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.427 - Bonds—Sums in excess of retirement requirements—Use.

RCW 47.26.427
Bonds—Sums in excess of retirement requirements—Use.
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor vehicle and special fuels payable into the transportation improvement board bond retirement account, shall prove more than is required for the payment of interest on bonds when due, or current retirement of bonds, any excess may, in the discretion of the state finance committee, be available for the prior redemption of any bonds or remain available in the fund [account] to reduce the requirements upon the fuel excise tax portion of the motor vehicle fund at the next interest or bond payment period.
[ 1999 c 268 § 2; 1979 c 5 § 11; 1967 ex.s. c 83 § 52.]
NOTES:
Construction—1979 c 5: See note following RCW 47.26.420.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.440 - Budget for expenditures from funds administered by board—Estimate of revenues.

RCW 47.26.440
Budget for expenditures from funds administered by board—Estimate of revenues.
Not later than November 1st of each even-numbered year the transportation improvement board shall prepare and present to the commission for comment and recommendation an adopted budget for expenditures from funds administered by the board during the ensuing biennium. The budget shall contain an estimate of the revenues to be credited to the several accounts and the amount, if any, of bond proceeds which the board determines should be made available through the sale of bonds in the ensuing biennium.
[ 1994 c 179 § 25; 1988 c 167 § 32; 1984 c 7 § 163; 1967 ex.s. c 83 § 54.]
NOTES:
Savings—Severability—1988 c 167: See notes following RCW 47.26.121.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.450 - Allocation of funds—Value engineering studies—Rules.

RCW 47.26.450
Allocation of funds—Value engineering studies—Rules.
The board shall adopt rules and procedures to govern the allocation of funds subject to the appropriations actually approved by the legislature.
The board shall develop rules and procedures to require value engineering studies performed by an interagency team for certain board funded projects. When determining the process, the board shall consider the project cost, length, and complexity.
[ 1994 c 179 § 26; 1988 c 167 § 33; 1987 c 360 § 2; 1973 1st ex.s. c 126 § 3; 1969 ex.s. c 171 § 6.]
NOTES:
Savings—Severability—1988 c 167: See notes following RCW 47.26.121.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.460 - Increase in funds allocated to a project—Rules—Factors.

RCW 47.26.460
Increase in funds allocated to a project—Rules—Factors.
The board shall adopt reasonable rules pursuant to which funds allocated to a project may be increased upon a subsequent application of the county, city, town, or transportation benefit district constructing the project. The rules adopted by the board shall consider the following factors: (1) The financial effect of increasing the original allocation for the project upon other urban arterial projects either approved or requested; (2) whether the project for which an additional authorization is requested can be reduced in scope while retaining a usable segment; (3) whether the cost of the project shown in the original application was based upon reasonable engineering estimates; and (4) whether the requested additional authorization is to pay for an expansion in the scope of work originally approved.
[ 1994 c 179 § 27; 1969 ex.s. c 171 § 7.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.500 - Issuance authorized.

RCW 47.26.500
Issuance authorized.
In order to provide funds necessary to meet the urgent construction needs on state, county, and city transportation projects, there are hereby authorized for issuance general obligation bonds of the state of Washington in the sum of one hundred million dollars, which shall be issued and sold in such amounts and at such times as determined to be necessary by the state transportation improvement board. The amount of such bonds issued and sold under the provisions of RCW 47.26.500 through 47.26.507 in any biennium shall not exceed the amount of a specific appropriation therefor, from the proceeds of such bonds, for the construction of state, county, and city transportation projects. The issuance, sale, and retirement of the bonds shall be under the supervision and control of the state finance committee which, upon request being made by the board, shall provide for the issuance, sale, and retirement of coupon or registered bonds to be dated, issued, and sold from time to time in such amounts as shall be requested by the board.
[ 2000 2nd sp.s. c 6 § 1; 1994 c 179 § 28; 1993 c 440 § 1.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.501 - Term—Signatures—Registration—Negotiable instruments.

RCW 47.26.501
Term—Signatures—Registration—Negotiable instruments.
Each of such bonds shall be made payable at any time not exceeding thirty years from the date of its issuance, with such reserved rights of prior redemption, bearing such interest, and such terms and conditions, as the state finance committee may prescribe to be specified therein. The bonds shall be signed by the governor and the state treasurer under the seal of the state, either or both of which signatures may be in printed facsimile, and any coupons attached to such bonds shall be signed by the same officers whose signatures thereon may be in printed facsimile. Any bonds may be registered in the name of the holder on presentation to the state treasurer or at the fiscal agency of the state of Washington in Seattle or New York City, as to principal alone, or as to both principal and interest under such rules as the state treasurer may adopt. Such bonds shall be payable at such places as the state finance committee may provide. All bonds issued hereunder shall be fully negotiable instruments.
[ 1993 c 440 § 2.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.502 - Denominations—Manner and terms of sale—State investment.

RCW 47.26.502
Denominations—Manner and terms of sale—State investment.
The bonds issued under RCW 47.26.500 through 47.26.507 shall be in denominations to be prescribed by the state finance committee and may be sold in such manner and in such amounts and at such times and on such terms and conditions as the committee may prescribe. The state finance committee may obtain insurance, letters of credit, or other credit facility devices with respect to the bonds and may authorize the execution and delivery of agreements, promissory notes, and other obligations for the purpose of insuring the payment or enhancing the marketability of the bonds. Promissory notes or other obligations issued pursuant to this section shall not constitute a debt or the contracting of indebtedness under any constitutional or statutory indebtedness limitation if their payment is conditioned upon the failure of the state to pay the principal of or interest on the bonds with respect to which the promissory notes or other obligations relate. The state finance committee may authorize the issuance of short-term obligations in lieu of long-term obligations for the purposes of more favorable interest rates, lower total interest costs, and increased marketability and for the purpose of retiring the bonds during the life of the project for which they were issued. Bonds issued under the provisions of RCW 47.26.500 through 47.26.507 shall be legal investment for any of the funds of the state, except the permanent school fund.
[ 1993 c 440 § 3.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.503 - Use of proceeds.

RCW 47.26.503
Use of proceeds.
The money arising from the sale of the 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 state, county, and city transportation projects, 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.
[ 1993 c 440 § 4.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.504 - Statement of obligation—Pledge of excise taxes and vehicle-related fees.

RCW 47.26.504
Statement of obligation—Pledge of excise taxes and vehicle-related fees.
Bonds issued under the provisions of RCW 47.26.500 through 47.26.507 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 47.26.500 through 47.26.507 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 § 18; 2013 c 225 § 633; 1995 c 274 § 14; 1993 c 440 § 5.]
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.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.505 - Funds for repayment.

RCW 47.26.505
Funds for repayment.
Any funds required to repay such bonds, 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 under RCW 46.68.090(2)(f) and vehicle-related fees in the motor vehicle fund, 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 vehicle-related fees and 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.
[ 2022 c 103 § 19; 1999 sp.s. c 1 § 612. Prior: 1999 c 269 § 9; 1999 c 94 § 24; 1994 c 179 § 29; 1993 c 440 § 6.]
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—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.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.506 - Repayment procedure—Bond retirement account.

RCW 47.26.506
Repayment procedure—Bond retirement account.
At least one year prior to the date any interest is due and payable on such bonds or before the maturity date of any such bonds, the state finance committee shall estimate, subject to the provisions of RCW 47.26.505 the percentage of the receipts in money of the motor vehicle fund, resulting from collection of excise taxes on motor vehicle and special fuels, for each month of the year which shall be required to meet interest or bond payments under RCW 47.26.500 through 47.26.507 when due, and shall notify the state treasurer of such estimated requirement. The state treasurer, subject to RCW 47.26.505, shall thereafter from time to time each month as such funds are paid into the motor vehicle fund, transfer such percentage of the monthly receipts from excise taxes on motor vehicle and special fuels of the motor vehicle fund to the transportation improvement board bond retirement account, maintained in the office of the state treasurer, which account shall be available for payment of principal and interest or bonds when due. If in any month it shall appear that the estimated percentage of money so made is insufficient to meet the requirements for interest or bond retirement, the treasurer shall notify the state finance committee forthwith and such committee shall adjust its estimates so that all requirements for interest and principal of all bonds issued shall be fully met at all times.
[ 1997 c 456 § 24; 1993 c 440 § 7.]
NOTES:
Effective date—1997 c 456 §§ 9-43: See RCW 43.99M.901.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.507 - Sums in excess of retirement requirements—Use.

RCW 47.26.507
Sums in excess of retirement requirements—Use.
Whenever the percentage of the motor vehicle fund arising from excise taxes on motor vehicle and special fuels payable into the transportation improvement board bond retirement account, shall prove more than is required for the payment of interest on bonds when due, or current retirement of bonds, any excess may, in the discretion of the state finance committee, be available for the prior redemption of any bonds or remain available in the fund [account] to reduce the requirements upon the fuel excise tax portion of the motor vehicle fund at the next interest or bond payment period.
[ 1999 c 268 § 3; 1993 c 440 § 8.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.910 - Effective dates—1967 ex.s. c 83.

RCW 47.26.910
Effective dates—1967 ex.s. c 83.
This 1967 amendatory act is necessary for the immediate preservation of the public peace, health and safety, the support of the state government and its existing public institutions and sections 1 through 55 and section 56, renumbered "Sec. 62", shall take effect on the first day of the month following the approval of this act by the governor; sections 56 through 61 shall take effect on July 1, 1967 with respect to fees paid on or after July 1, 1967. Fees paid pursuant to RCW * 46.16.070, 46.16.072, 46.16.075 or 46.16.120 prior to July 1, 1967 shall not be affected by this act.
[ 1967 ex.s. c 83 § 62.]
NOTES:
*Reviser's note: RCW 46.16.070 was recodified as RCW 46.16A.455 pursuant to 2010 c 161 § 1217, effective July 1, 2011.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.26 - Development in Urban Areas—Urban Arterials. › 47.26.930 - Construction—1969 ex.s. c 171.

RCW 47.26.930
Construction—1969 ex.s. c 171.
The rule of strict construction shall have no application to this 1969 act or to the provisions of chapter 47.26 RCW, and they shall be liberally construed in order to carry out an effective, efficient and equitable program of financial assistance to urban area cities and counties for arterial roads and streets.
[ 1969 ex.s. c 171 § 8.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.28 - Construction and Maintenance of Highways. › 47.28.010 - Latitude in selecting route.

RCW 47.28.010
Latitude in selecting route.
Whenever the general route of any state highway shall be designated and laid out as running to or by way of certain designated points, without specifying the particular route to be followed to or by way of such points, the department shall determine the particular route to be followed by said state highway to or by way of said designated points, and shall be at liberty to select and adopt as a part of such state highway, the whole or any part of any existing public highway previously designated as a county road, primary road, or secondary road or now or hereafter classified as a county road. The department need not select and adopt the entire routes for such state highways at one time, but may select and adopt parts of such routes from time to time as it deems advisable. Where a state highway is designated as passing by way of a certain point, this shall not require the department to cause such state highway to pass through or touch such point but such designation is directional only and may be complied with by location in the general vicinity. The department is empowered to construct as a part of any state highway as designated and in addition to any portion meeting the limits of any incorporated city or town a bypass section either through or around any such incorporated city or town.
[ 2006 c 334 § 22; 1977 ex.s. c 151 § 59; 1961 c 13 § 47.28.010. Prior: 1937 c 53 § 31; RRS § 6400-31.]
NOTES:
Effective date—2006 c 334: See note following RCW 47.01.051.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.28 - Construction and Maintenance of Highways. › 47.28.020 - Width of right-of-way.

RCW 47.28.020
Width of right-of-way.
From and after April 1, 1937, the width of one hundred feet is the necessary and proper right-of-way width for state highways unless the department, for good cause, adopts and designates a different width. This section shall not be construed to require the department to acquire increased right-of-way for any state highway in existence on such date.
[ 1984 c 7 § 164; 1961 c 13 § 47.28.020. Prior: 1937 c 53 § 30; RRS § 6400-30; 1913 c 65 § 8; RRS § 6831.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.28 - Construction and Maintenance of Highways. › 47.28.025 - Description and plan of new or limited access highway—Recording.

RCW 47.28.025
Description and plan of new or limited access highway—Recording.
Whenever the department establishes the location, width, and lines of any new highway, or declares any such new highway as a limited access facility and schedules the acquisition of the right-of-way for the highway or facility within the ensuing two years, it may cause the description and plan of any such highway to be made, showing the center line of the highway and the established width thereof, and attach thereto a certified copy of the resolution. Such description, plan, and resolution shall then be recorded in the office of the county auditor of the proper county.
[ 1999 c 233 § 5; 1984 c 7 § 165; 1977 ex.s. c 225 § 1; 1961 c 13 § 47.28.025. Prior: 1955 c 161 § 1.]
NOTES:
Effective date—1999 c 233: See note following RCW 4.28.320.
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.28 - Construction and Maintenance of Highways. › 47.28.026 - Description and plan of new or limited access highway—Buildings and improvements prohibited, when.

RCW 47.28.026
Description and plan of new or limited access highway—Buildings and improvements prohibited, when.
(1) No owner or occupier of lands, buildings, or improvements may erect any buildings or make any improvements within the limits of any such highway, the location, width, and lines of which have been established and recorded as provided in RCW 47.28.025. If any such erection and improvements are made, no allowances may be had therefor by the assessment of damages. No permits for improvements within the limits may be issued by any authority. The establishment of any highway location as set forth in RCW 47.28.025 is ineffective after one year from the filing thereof if no action to condemn or acquire the property within the limits has been commenced within that time.
(2) Unless and until the department causes a plan of a proposed new highway or limited access facility to be recorded in the office of the county auditor as authorized in RCW 47.28.025, nothing contained in RCW 47.28.025 or 47.28.026 may be deemed to restrict or restrain in any manner the improvement, development, or other use by owners or occupiers of lands, buildings, or improvements within the limits of any proposed new or limited access highway or any proposed relocated or widened highway. Because of the uncertainties of federal aid and the state level of funding of proposed construction or improvement of state highways, plans for such improvements approved by the department shall be deemed tentative until filed with the county auditor as authorized in RCW 47.28.025 or until the department commences action to condemn or otherwise acquire the right-of-way for the highway improvements.
[ 1984 c 7 § 166; 1977 ex.s. c 225 § 2; 1961 c 13 § 47.28.026. Prior: 1955 c 161 § 2.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.28 - Construction and Maintenance of Highways. › 47.28.035 - Cost of project, defined.

RCW 47.28.035
Cost of project, defined.
The cost of any project for the purposes of RCW 47.28.030 shall be the aggregate of all amounts to be paid for labor, material, and equipment on one continuous or interrelated project where work is to be performed simultaneously. The department shall not permit the construction of any project by state forces by dividing a project into units of work or classes of work to give the appearance of compliance with RCW 47.28.030.
[ 1984 c 194 § 2.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.28 - Construction and Maintenance of Highways. › 47.28.040 - Precontract preparation of maps, plans, and specifications—Filing.

RCW 47.28.040
Precontract preparation of maps, plans, and specifications—Filing.
Before entering into any contract for the construction, alteration, repair, or improvement of any state highway the department shall cause the highway to be surveyed throughout the entire length of the proposed construction, alteration, repair, or improvement and cause to be prepared maps, plans, and specifications, together with an estimate of the cost of the proposed work, and such information and directions as will enable a contractor to carry them out. The maps, plans, specifications, and directions shall be approved by the department and a copy thereof filed permanently in the department's office.
[ 1984 c 7 § 167; 1961 c 13 § 47.28.040. Prior: 1937 c 53 § 32, part; RRS § 6400-32, part.]
2023 Revised Code of Washington › Title 47 - Public Highways and Transportation › Chapter 47.28 - Construction and Maintenance of Highways. › 47.28.050 - Call for bids.

RCW 47.28.050
Call for bids.
Except as may be provided by rules and regulations adopted under RCW 47.28.030 as now or hereafter amended the department of transportation shall publish a call for bids for the construction of the highway according to the maps, plans, and specifications, once a week for at least two consecutive weeks, next preceding the day set for receiving and opening the bids, in not less than one trade paper of general circulation in the state. The call shall state the time, place, and date for receiving and opening the bids, give a brief description of the location and extent of the work, and contain such special provisions or specifications as the department deems necessary. When necessary to implement chapter 39.19 RCW and the rules adopted to implement that chapter, the department shall include in its call for bids provisions or specifications requiring bidders to comply with chapter 39.19 RCW and the rules adopted to implement it: PROVIDED, That when the estimated cost of any contract to be awarded is less than fifty thousand dollars, the call for bids need only be published in at least one paper of general circulation in the county where the major part of the work is to be performed: PROVIDED FURTHER, That when the estimated cost of a contract to be awarded is seven thousand five hundred dollars or less, including the cost of materials, supplies, engineering, and equipment, the department of transportation need not publish a call for bids: PROVIDED FURTHER, That after a bid call has been advertised for two consecutive weeks it may be postponed and the bids opened one week later.
[ 1983 c 120 § 16; 1979 ex.s. c 69 § 1; 1977 c 65 § 1; 1973 c 116 § 2; 1969 ex.s. c 180 § 1; 1961 c 13 § 47.28.050. Prior: 1959 c 319 § 33; 1955 c 147 § 1; 1937 c 53 § 33; RRS § 6400-33.]
NOTES:
Effective date—Applicability—Severability—Conflict with federal requirements—1983 c 120: See RCW 39.19.910 and 39.19.920.
Office of minority and women's business enterprises: Chapter 39.19 RCW.