28B.59B.030 - Form, terms, conditions, sale, redemption and covenants of bonds and notes -- Pledge of state's credit. - Washington Statutes

Form, terms, conditions, sale, redemption and covenants of bonds and notes — Pledge of state's credit.

The state finance committee is authorized to determine the aggregate amounts, dates, form, terms, conditions, denominations, interest rates, maturities, rights and manner of redemption prior to maturity, registration privileges, place(s) of payment and covenants of such bonds and/or the bond anticipation notes, the time or times of sale of all or any portion of them, and the conditions and manner of their sale, issuance and redemption.

     Each such bond and bond anticipation note shall state that it is a general obligation of the state of Washington, shall contain a pledge of the full faith and credit of the state to the payment of the principal thereof and the interest thereon, and shall contain the state's unconditional promise to pay such principal and interest as the same shall become due.

[1977 ex.s. c 346 § 3.]

Notes: Severability -- 1977 ex.s. c 346: See note following RCW 28B.59B.010.