28B.59C.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 the 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 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 the principal and interest as the same shall become due.

[1979 ex.s. c 226 § 3.]

Notes: Effective date -- Severability -- 1979 ex.s. c 226: See notes following RCW 28B.59C.010.