15.24.818 - Bonds to be issued only after certification of sufficiency of funds. - Washington Statutes

Bonds to be issued only after certification of sufficiency of funds.

The bonds authorized by RCW 15.24.802 shall be issued only after the treasurer of the Washington apple commission has certified that the net proceeds of the bonds, together with all money to be made available by the commission for the purposes described in RCW 15.24.802, shall be sufficient for such purposes; and also that, based upon the treasurer's estimates of future income from assessments levied pursuant to chapter 15.24 RCW and other sources, an adequate balance will be maintained in the commission's general fund to enable the commission to meet the requirements of RCW 15.24.812 during the life of the bonds to be issued.

[2002 c 313 § 133; 1987 c 6 § 10.]

Notes: Effective dates -- 2002 c 313: See note following RCW 15.65.020.

Severability -- 1987 c 6: See note following RCW 15.24.800.