RCW 39.46.010
Purposes—Liberal construction.
The purposes of this chapter are to permit the state and local governments to conform with registration requirements of federal law which are necessary to exempt interest payments from federal income taxes when the state or local governments issue bonds or incur other obligations and to authorize the establishment and maintenance of differing systems of registering bonds and other obligations as these systems are developed and recognized, which may be instituted, discontinued, and reinstituted from time to time. It is further the purpose of this chapter to grant local governments an alternative flexible authority to structure and sell their bond issues and to include a variety of features on their bonds.
This act shall be liberally construed to effect its purposes.
[ 1983 c 167 § 1.]
NOTES:
Severability—1983 c 167: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [ 1983 c 167 § 273.]
Structure Revised Code of Washington
Title 39 - Public Contracts and Indebtedness
Chapter 39.46 - Bonds—Other Miscellaneous Provisions—Registration.
39.46.010 - Purposes—Liberal construction.
39.46.030 - Registration system authorized—Requirements—Fiscal agents.
39.46.050 - Bonds—Issuer authorized to establish lines of credit.
39.46.060 - Bonds—Reproduction of physical instrument.
39.46.070 - Bonds—Payment of costs of issuance and sale.
39.46.100 - RCW 39.46.010 through 39.46.070 constitutes alternative method.
39.46.120 - Notice of intent to sell general obligation bonds.
39.46.150 - Revenue bonds—Alternative method of issuance—Limitations.
39.46.160 - Revenue bonds—Alternative method of issuance—Bonds may include reserve funds.
39.46.170 - Out-of-state issuers—Issuance of bonds for projects within the state.