All operating revenues received by the corporation formed under RCW 67.40.020 shall be deposited in the state convention and trade center operations account, hereby created in the state treasury. Moneys in the account, including unanticipated revenues under RCW 43.79.270, may be spent only after appropriation by statute, and may be used only for operation and promotion of the center. During the 2007-2009 fiscal biennium, moneys in the account may also be transferred to the state general fund.

     Subject to approval by the office of financial management under RCW 43.88.260, the corporation may expend moneys for operational purposes in excess of the balance in the account, to the extent the corporation receives or will receive additional operating revenues.

     As used in this section, "operating revenues" does not include any moneys required to be deposited in the state convention and trade center account.

[2008 c 329 § 916; 1988 ex.s. c 1 § 2; 1987 1st ex.s. c 8 § 3; 1985 c 233 § 2.]

NOTES:

     Reviser's note: RCW 67.40.025 is repealed if the transfer date in RCW 36.100.230 occurs.

     Severability -- Effective date -- 2008 c 329: See notes following RCW 28B.105.110.

     Severability -- 1987 1st ex.s. c 8: See note following RCW 67.40.020.