43.99D.015 - General obligation bonds -- Authorized -- Issuance, sale, terms -- Appropriation required. - Washington Statutes

General obligation bonds — Authorized — Issuance, sale, terms — Appropriation required.

For the purpose of providing funds for the planning, acquisition, construction, and improvement of water supply facilities within the state, the state finance committee is authorized to issue general obligation bonds of the state of Washington in the sum of ten million dollars or so much thereof as may be required to finance the improvements defined in this chapter and all costs incidental thereto. These bonds shall be paid and discharged within thirty years of the date of issuance. No bonds authorized by this chapter shall be offered for sale without prior legislative appropriation of the proceeds of such bonds to be sold.

[1979 ex.s. c 258 § 2.]