43.99E.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 sixty-five 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 in accordance with Article VIII, section 1 of the state Constitution. No bonds authorized by this chapter may be offered for sale without prior legislative appropriation of the proceeds of the bonds to be sold.

[1990 1st ex.s. c 15 § 8. Prior: 1989 1st ex.s. c 14 § 11; 1989 c 136 § 4; 1979 ex.s. c 234 § 2.]

Notes: Severability -- 1990 1st ex.s. c 15: See note following RCW 43.99H.010.

Severability -- Effective dates -- 1989 1st ex.s. c 14: See RCW 43.99H.900 and 43.99H.901.

Intent -- 1989 c 136: See note following RCW 43.83A.020.

Referral to electorate -- 1979 ex.s. c 234: See note following RCW 43.99E.010.