Wash. Rev. Code § 43.99N.010
Definitions
The definitions in RCW 36.102.010 apply to this chapter.
Revised Code of Washington Chapter 43.99N — Stadium and Exhibition Center Bond Issue(Referendum 48)
Washington · statute · Wash. Rev. Code ch. 43.99N · 15 active provisions
Provisions
Wash. Rev. Code § 43.99N.020
General obligation bonds—Certifications by public stadium authority—Obligations of team affiliate
(1) For the purpose of providing funds to pay for operation of the public stadium authority created under RCW 36.102.020, to pay for the preconstruction, site acquisition, design, site preparation, construction, owning, leasing, and equipping of the stadium and exhibition center, and to reimburse the county or the publ…
Wash. Rev. Code § 43.99N.030
Escrow agreement, account—Distributions
On or before August 1, 1997: (1) The state treasurer and a team affiliate or an entity that has an option to become a team affiliate shall enter into an escrow agreement creating an escrow account; and (2) the team affiliate or the entity that has an option to become a team affiliate shall deposit the sum of fifty mill…
Wash. Rev. Code § 43.99N.050
Payment of principal and interest from nondebt-limit reimbursable bond retirement account—Transfers of certified amounts—Bonds as general obligation, full faith and credit, promise to pay—Insufficiency in stadium and exhibition center account as obligation—Proceedings to require transfer and payment
The nondebt-limit reimbursable bond retirement account shall be used for the payment of the principal of and interest on the bonds authorized in RCW 43.99N.020.The state finance committee shall, on or before June 30th of each year, certify to the state treasurer the amount needed in the ensuing twelve months to meet th…
Wash. Rev. Code § 43.99N.060
Stadium and exhibition center account—Youth athletic facility account—Community outdoor athletic facility loans and grants
(1) The stadium and exhibition center account is created in the custody of the state treasurer. All receipts from the taxes imposed under RCW 82.14.0494 and distributions under RCW 67.70.240(1)(d) shall be deposited into the account. Only the director of the office of financial management or the director's designee may…
Wash. Rev. Code § 43.99N.070
Sections null and void if certification not made by office of financial management—Conditions
Unless *the office of financial management certifies by December 31, 1997, that the following conditions have been met, sections 201 through 208, chapter 220, Laws of 1997 are null and void:(1) The professional football team that will use the stadium and exhibition center is at least majority-owned and controlled by, d…
Wash. Rev. Code § 43.99N.080
Additional means for raising moneys authorized
The legislature may provide additional means for raising moneys for the payment of the principal of and interest on the bonds authorized in RCW 43.99N.020, and RCW 43.99N.050 shall not be deemed to provide an exclusive method for the payment.
Wash. Rev. Code § 43.99N.090
Bonds as legal investment
The bonds authorized in RCW 43.99N.020 shall be a legal investment for all state funds or funds under state control and for all funds of any other public body.
Wash. Rev. Code § 43.99N.100
Total public share—State contribution limited
(1) The total public share of a stadium and exhibition center shall not exceed three hundred million dollars. For the purposes of this section, "total public share" means all state and local funds expended for preconstruction and construction costs of the stadium and exhibition center, including proceeds of any bonds i…
Wash. Rev. Code § 43.99N.120
Loans—Terms and conditions of repayment and interest
The recreation and conservation funding board, in consultation with the community outdoor athletic fields advisory council, shall establish the terms and conditions of repayment and interest, based on financial considerations for any loans made under this section. Loans made under this section shall be low or no intere…
Wash. Rev. Code § 43.99N.130
Bond authorization expiration
If any bonds authorized in this chapter have not been issued by June 30, 2013, the authority of the state finance committee to issue such remaining unissued bonds shall expire June 30, 2013.
Wash. Rev. Code § 43.99N.800
Referendum only measure for taxes for stadium and exhibition center—Limiting legislation upon failure to approve—1997 c 220
See RCW 36.102.800.
Wash. Rev. Code § 43.99N.801
Legislation as opportunity for voter's decision—Not indication of legislators' personal vote on referendum proposal—1997 c 220
See RCW 36.102.801.
Wash. Rev. Code § 43.99N.802
Contingency—Null and void—Team affiliate's agreement for reimbursement for election—1997 c 220
See RCW 36.102.802.
Wash. Rev. Code § 43.99N.803
Referendum—Submittal—Explanatory statement—Voters' pamphlet—Voting procedures—Canvassing and certification—Reimbursement of counties for costs—No other elections on stadium and exhibition center—1997 c 220
See RCW 36.102.803.