RCW 39.46.160
Revenue bonds—Alternative method of issuance—Bonds may include reserve funds.
Any local government issuing revenue bonds under this section and RCW 39.46.150 may include in the amount of any such issue money for the purpose of establishing, maintaining, or increasing reserve funds to:
(1) Secure the payment of the principal of and interest on such revenue bonds; or
(2) Provide for replacements or renewals of or repairs or betterments to revenue producing facilities; or
(3) Provide for contingencies, including, but not limited to, loss of revenue caused by such contingencies.
[ 1986 c 168 § 2.]
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.