Within thirty-five days from the date of
collection thereof, all building fees at the University of
Washington, including building fees to be charged students
registering in the schools of medicine and dentistry, shall be
paid into the state treasury and credited as follows:
One-half or such larger portion as may be necessary to
prevent a default in the payments required to be made out of the
bond retirement fund to the "University of Washington bond
retirement fund" and the remainder thereof to the "University of
Washington building account." The sum so credited to the
University of Washington building account shall be used
exclusively for the purpose of erecting, altering, maintaining,
equipping, or furnishing buildings, and for certificates of
participation under chapter 39.94 RCW, except for any sums
transferred as authorized in RCW 28B.20.725(3). The sum so
credited to the University of Washington bond retirement fund
shall be used for the payment of principal of and interest on
bonds outstanding as provided by chapter 28B.20 RCW except for
any sums transferred as authorized in RCW 28B.20.725(5). During
the 2011-2013 biennium, sums credited to the University of
Washington building account shall also be used for routine
facility maintenance and utility costs.
[2011 1st sp.s. c 48 § 7022. Prior: 2009 c 499 § 1; 2009 c 497 § 6019; 1985 c 390 § 20; 1969 ex.s. c 223 § 28B.15.210; prior: 1963 c 224 § 1; 1959 c 193 § 7; 1957 c 254 § 6; 1947 c 243 § 2; 1945 c 187 § 2; 1939 c 156 § 1; 1933 c 169 § 2; 1921 c 139 § 2; 1919 c 63 § 2; 1915 c 66 § 3; Rem. Supp. 1947 § 4547. Formerly RCW 28.77.040.]
NOTES:
Effective date -- 2011 1st sp.s. c 48: See note following RCW 39.35B.050.
Effective date -- 2009 c 497: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately [May 15, 2009], except for sections 6020, 6021, and 6024 through 6027 of this act which take effect July 1, 2009." [2009 c 497 § 6055.]