RCW 39.46.050
Bonds—Issuer authorized to establish lines of credit.
Each local government authorized to issue bonds is authorized to establish lines of credit with any qualified public depository to be drawn upon in exchange for its bonds or other obligations, to delegate to its treasurer authority to determine the amount of credit extended, and to pay interest and other finance or service charges. The interest rates on such bonds or other obligations may be a fixed rate or rates set periodically or a variable rate or rates determined by agreement of the parties.
[ 2003 c 23 § 1; 1983 c 167 § 5.]
NOTES:
Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
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.