RCW 28B.50.350
Construction, reconstruction, equipping, and demolition of community and technical college facilities and acquisition of property—Bonds—Requirements.
For the purpose of financing the cost of any projects, the college board is hereby authorized to adopt the resolution or resolutions and prepare all other documents necessary for the issuance, sale, and delivery of the bonds or any part thereof at such time or times as it shall deem necessary and advisable. Said bonds:
(1) Shall not constitute:
(a) An obligation, either general or special, of the state; or
(b) A general obligation of the college or of the college board;
(2) Shall be:
(a) Either registered or in coupon form; and
(b) Issued in denominations of not less than one hundred dollars; and
(c) Fully negotiable instruments under the laws of this state; and
(d) Signed on behalf of the college board with the manual or facsimile signature of the chair of the board, attested by the secretary of the board, have the seal of the college board impressed thereon or a facsimile of such seal printed or lithographed in the bottom border thereof, and the coupons attached thereto shall be signed with the facsimile signatures of such chair and the secretary;
(3) Shall state:
(a) The date of issue; and
(b) The series of the issue and be consecutively numbered within the series; and
(c) That the bond is payable both principal and interest solely out of the bond retirement fund created for retirement thereof;
(4) Each series of bonds shall bear interest, payable either annually or semiannually, as the board may determine;
(5) Shall be payable both principal and interest out of the bond retirement fund;
(6) Shall be payable at such times over a period of not to exceed forty years from date of issuance, at such place or places, and with such reserved rights of prior redemption, as the board may prescribe;
(7) Shall be sold in such manner and at such price as the board may prescribe;
(8) Shall be issued under and subject to such terms, conditions and covenants providing for the payment of the principal thereof and interest thereon and such other terms, conditions, covenants, and protective provisions safeguarding such payment, not inconsistent with RCW 28B.50.330 through 28B.50.400, and as found to be necessary by the board for the most advantageous sale thereof, which may include but not be limited to:
(a) A covenant that a reserve account shall be created in the bond retirement fund to secure the payment of the principal of and interest on all bonds issued and a provision made that certain amounts be set aside and maintained therein;
(b) A covenant that sufficient moneys may be transferred from the capital projects account of the college board issuing the bonds to the bond retirement fund of the college board when ordered by the board in the event there is ever an insufficient amount of money in the bond retirement fund to pay any installment of interest or principal and interest coming due on the bonds or any of them;
(c) A covenant fixing conditions under which bonds on a parity with any bonds outstanding may be issued.
The proceeds of the sale of all bonds, exclusive of accrued interest which shall be deposited in the bond retirement fund, shall be deposited in the state treasury to the credit of the capital projects account of the college board and shall be used solely for paying the costs of the projects, the costs of bond counsel and professional bond consultants incurred in issuing the bonds, and for the purposes set forth in subsection (8)(b) of this section;
(9) Shall constitute a prior lien and charge against the building fees of the community and technical colleges.
[ 2011 c 336 § 740; 1991 c 238 § 50; 1985 c 390 § 55; 1971 ex.s. c 279 § 19; 1971 c 8 § 2; 1970 ex.s. c 59 § 2; 1970 ex.s. c 56 § 32; 1970 ex.s. c 15 § 19; 1969 ex.s. c 261 § 27; 1969 ex.s. c 232 § 106; 1969 ex.s. c 223 § 28B.50.350. Prior: 1967 ex.s. c 8 § 35.]
NOTES:
Severability—1971 ex.s. c 279: See note following RCW 28B.15.005.
Severability—1970 ex.s. c 59: See note following RCW 28B.15.520.
Purpose—1970 ex.s. c 56: See note following RCW 39.52.020.
Severability—1970 ex.s. c 15: See note following RCW 28A.230.160.
Validation—Saving—Severability—1969 ex.s. c 232: See notes following RCW 39.52.020.
Structure Revised Code of Washington
Chapter 28B.50 - Community and Technical Colleges.
28B.50.040 - College districts enumerated.
28B.50.050 - State board for community and technical colleges.
28B.50.070 - College board—Organization—Meetings—Quorum—Biennial report—Fiscal year.
28B.50.080 - College board—Offices and office equipment, including necessary expenses.
28B.50.085 - College board—Treasurer—Appointment, duties, bond—Depository.
28B.50.090 - College board—Powers and duties.
28B.50.091 - Board to waive fees for students finishing their high school education.
28B.50.092 - Program for military personnel—Restrictions as to high school completion program.
28B.50.093 - Program for military personnel—Limitation.
28B.50.094 - Program for military personnel—Costs of funding.
28B.50.095 - Registration at more than one community and technical college.
28B.50.096 - Cooperation with workforce training and education coordinating board.
28B.50.097 - Electronic job bank.
28B.50.098 - Appointment of trustees for new college district.
28B.50.100 - Boards of trustees—Generally.
28B.50.102 - Boards of trustees—Student trustee.
28B.50.130 - Boards of trustees—Bylaws, rules, and regulations—Chair and vice chair—Terms—Quorum.
28B.50.140 - Boards of trustees—Powers and duties.
28B.50.141 - Credits—Statewide transfer policy and agreement—Establishment.
28B.50.142 - Treasurer of board—Duties—Bond.
28B.50.143 - Vendor payments, advances or reimbursements for.
28B.50.145 - Community or technical college faculty senate.
28B.50.150 - Out-of-district residence not to affect enrollment for state resident.
28B.50.195 - Intercollegiate coaches—Minimum standards encouraged.
28B.50.196 - Intercollegiate coaches—Training to promote coaching competence and techniques.
28B.50.205 - AIDS information—Community and technical colleges.
28B.50.215 - Overlapping service areas—Regional planning agreements.
28B.50.242 - Video telecommunications programming.
28B.50.248 - Effect of child care subsidy eligibility expansion—Use of existing resources.
28B.50.259 - Program for dislocated forest products workers—Waiver from tuition and fees.
28B.50.271 - Opportunity grant program.
28B.50.274 - Opportunity partnership program.
28B.50.282 - Evergreen jobs training account—Grants.
28B.50.286 - Opportunity express account.
28B.50.295 - Emergency assistance grant program.
28B.50.305 - Seattle Vocational Institute—Findings.
28B.50.306 - Seattle Vocational Institute—Mission—Advisory committee to advise.
28B.50.307 - Seattle Vocational Institute—Funding.
28B.50.320 - Fees and other income—Deposit—Disbursement.
28B.50.409 - Bonds—Committee advice and consent prerequisite to issuance.
28B.50.463 - Use of false academic credentials—Penalties.
28B.50.465 - Cost-of-living increases—Academic employees.
28B.50.468 - Cost-of-living increases—Classified employees.
28B.50.484 - Health care service contracts—Transferred employees of vocational-technical institutes.
28B.50.489 - Part-time academic employees—State-mandated benefits—Definitions.
28B.50.4891 - Part-time academic employees—State-mandated benefits—Reporting eligible employees.
28B.50.4893 - Part-time academic employees—Sick leave.
28B.50.510 - State purchasing and material control, community college purchases.
28B.50.520 - Federal funds, receipt of authorized.
28B.50.522 - Office for adult literacy.
28B.50.528 - Contracts with adjacent college district for administrative services.
28B.50.532 - Completion of industry certificate or credential—Agreements with skill centers.
28B.50.535 - Community or technical college—Issuance of high school diploma or certificate.
28B.50.551 - Leave provisions.
28B.50.553 - Attendance incentive program.
28B.50.789 - Online course descriptions—Required materials' cost information—Reports.
28B.50.795 - Bachelor of science in nursing program—University Center of North Puget Sound.
28B.50.810 - Applied baccalaureate degree programs.
28B.50.815 - Associate degree education for incarcerated adults.
28B.50.825 - Bachelor of science degree in computer science.
28B.50.835 - Exceptional faculty awards—Intent.
28B.50.8351 - Exceptional faculty awards—"Foundation" defined.
28B.50.839 - Exceptional faculty awards—Guidelines—Matching funds—Donations—Disbursements.
28B.50.843 - Exceptional faculty awards—Determination of award—Collective bargaining.
28B.50.850 - Faculty tenure—Purpose.
28B.50.851 - Faculty tenure—Definitions.
28B.50.855 - Faculty tenure—Written agreement embodying terms of employment furnished faculty.
28B.50.859 - Faculty tenure—Tenure retained upon reduced work load assignment.
28B.50.860 - Faculty tenure—Tenure retained upon administrative appointment.
28B.50.861 - Faculty tenure—Dismissal only for sufficient cause.
28B.50.862 - Faculty tenure—Certain grounds constituting sufficient cause.
28B.50.863 - Faculty tenure—Review prior to dismissal—Scope—Recommendations of review committee.
28B.50.864 - Faculty tenure—Appeal from decision for dismissal—Procedure.
28B.50.868 - Faculty tenure—Faculty members currently employed granted tenure.
28B.50.871 - Faculty tenure—Number of tenure-track positions—Report.
28B.50.872 - Periodic posttenure evaluation.
28B.50.8742 - Technical colleges—Employee option to reenroll in public employees' benefits trust.
28B.50.8744 - Technical colleges—Payment to public employees' and retirees' insurance account.
28B.50.877 - Technical colleges—Purchase of support services from school districts.
28B.50.880 - Apprentices—Recommendations of the state board for community and technical colleges.
28B.50.890 - Apprentices—Associate degree pathway.
28B.50.891 - Apprenticeship programs or certificate programs—Transferable course credits.
28B.50.895 - Apprentice education waivers.
28B.50.902 - Centers of excellence.
28B.50.916 - Homeless and foster care students pilot program.
28B.50.925 - Guided pathways—Implementation—Reports.
28B.50.930 - Mental health counselor pilot program.
28B.50.935 - Faculty counselors—Minimum standards.
28B.50.940 - Student aid outreach and completion initiative pilot program—Outreach specialists.
28B.50.980 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.