28B.57.010 - State general obligation bonds in lieu of building, limited obligation bonds -- "Community college capital projects" defined. - Washington Statutes

State general obligation bonds in lieu of building, limited obligation bonds — "Community college capital projects" defined.

The legislature has previously approved by its appropriation of funds from time to time, certain capital projects for the state community colleges, which appropriations were to be funded primarily by the issuance of building, limited obligation bonds by the *state board for community college education (hereinafter in this chapter called the "college board"). In order that any future appropriations for such approved capital projects may be funded on terms most advantageous to the state, it is hereby determined to be in the public interest to provide for the issuance of state general obligation bonds, in lieu of building, limited obligation bonds.

     For purposes of this chapter, "community college capital projects" means the construction, reconstruction, erection, equipping, maintenance, demolition and major alteration of buildings and other capital assets owned by the *state board for community college education in the name of the state of Washington, and the acquisition of sites, rights-of-way, easements, improvements or appurtenances in relation thereto.

[1985 c 390 § 61; 1975 1st ex.s. c 65 § 1.]

Notes: *Reviser's note: The state board for community college education was renamed the state board for community and technical colleges by 1991 c 238 § 30.

Severability -- 1975 1st ex.s. c 65: "If any provision of this act, or its application to any person or circumstance is held invalid, the remainder of the act, or the application of the provision to other persons or circumstances, shall in no way be affected." [1975 1st ex.s. c 65 § 13.]