The proceeds from the sale of the bonds authorized in RCW 43.99P.010 shall be deposited in the state building construction account created by RCW 43.83.020. The proceeds shall be transferred as follows:

(1) Nine hundred fifty million dollars to remain in the state building construction account created by RCW 43.83.020;

(2) Twenty-two million five hundred thousand dollars to the outdoor recreation account created by RCW 79A.25.060;

(3) Twenty-two million five hundred thousand dollars to the habitat conservation account created by RCW 79A.15.020;

(4) One hundred thirty-six million eight hundred thirty-six thousand dollars to the higher education construction account created by *RCW 43.83.310;

(5) Thirty-six million three hundred thousand dollars to the state higher education construction account created by *RCW 43.83.300.

These proceeds shall be used exclusively for the purposes specified in this section and for the payment of expenses incurred in the issuance and sale of the bonds issued for the purposes of this section, and shall be administered by the office of financial management subject to legislative appropriation.

*Reviser's note: RCW 43.83.310 and 43.83.300 were repealed by 2023 c 41 § 1.