RCW 28A.525.310
Proceeds from voter-approved bonds, voter-approved levies, and other funding—Use for installment purchase contracts and leases with options to purchase.
The board of directors of any school district may use the proceeds of voter-approved bonds, voter-approved levies, state allocations for financial assistance, or other funds available to the district for: (1) Payment of an installment purchase contract for school plant facilities; or (2) payments under any financing lease the term of which is ten years or longer and that contains an option by the school district to purchase the leased property for nominal consideration. The authority granted by this section for the use of moneys from such sources is in addition to, and not in limitation of, any other authority provided by law, and the proceeds of voter-approved bonds or tax levies may be used for such payments to the full extent allowed by Article VII, section 2 of the state Constitution.
[ 1999 c 386 § 2.]
Structure Revised Code of Washington
Title 28A - Common School Provisions
Chapter 28A.525 - Bond Issues.
28A.525.010 - Statement of intent.
28A.525.020 - Duties of superintendent of public instruction.
28A.525.030 - Modernization of existing school facilities.
28A.525.040 - Portable buildings or classrooms.
28A.525.050 - Applications for aid—Recommendations.
28A.525.060 - Manual—Contents—Preparation and revision.
28A.525.080 - Federal funds for school plant facilities—Rules.
28A.525.090 - Construction management techniques—Rules—Use—Information and training.
28A.525.095 - Condensed compliance reports—Second-class districts.
28A.525.161 - School construction assistance calculations for shared or colocated facilities—Rules.
28A.525.190 - Prioritizing construction of common school facilities.
28A.525.200 - Allocation and distribution of funds for school plant facilities governed by chapter.
28A.525.320 - School seismic safety and planning grants—Advisory committee—Prioritization.