39.98.020 - Definitions. - Washington Statutes

Definitions.

The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.

     (1) "Bond" means any voted general obligation bond issued by a school district, holding a certificate issued pursuant to this chapter for such a bond.

     (2) "Credit enhancement program" means the school district bond guaranty established by this chapter.

     (3) "General obligation bond" means any bond, note, warrant, certificate of indebtedness, or other obligation of a district that constitutes an indebtedness within the meaning of any applicable constitutional or statutory debt limitations.

     (4) "Paying agent" means the paying agent selected, from time to time, for a bond issue pursuant to state law.

     (5) "Refunding bond" means any general obligation bond issued by a district for the purpose of refunding its outstanding general obligation bonds.

     (6) "School district" or "district" means any school district existing now or later under the laws of the state.

[1999 c 273 § 2.]