43.83I.110 - Bond anticipation notes -- Proceeds of bonds and interest on notes. - Washington Statutes

Bond anticipation notes — Proceeds of bonds and interest on notes.

When the state finance committee has determined to issue such general obligation bonds or a portion thereof as authorized in RCW 43.83I.100, it may, pending the issuance thereof, issue in the name of the state temporary notes in anticipation of the issuance of such bonds, which notes shall be designated as "bond anticipation notes". Such portion of the proceeds of the sale of such bonds as may be required for the payment of the principal and redemption premium, if any, and interest on such notes shall be applied thereto when such bonds are issued.

[1977 ex.s. c 343 § 2.]