RCW 39.50.040
Refunding and renewal of short-term obligations.
Short-term obligations may, from time to time, be renewed or refunded by the issuance of short-term obligations and may be funded by the issuance of revenue, local improvement district, special assessment, or general obligation bonds. Short-term obligations payable from taxes shall not be renewed or refunded to a date later than six months from the end of the fiscal year in which the original short-term obligation was issued. For the purpose of this section, short-term obligations issued in anticipation of the sale of general obligation bonds shall not be considered to be short-term obligations payable from taxes.
[ 1985 c 332 § 9; 1985 c 71 § 2; 1982 c 216 § 5.]
Structure Revised Code of Washington
Title 39 - Public Contracts and Indebtedness
Chapter 39.50 - Short-Term Obligations—Municipal Corporations.
39.50.020 - Short-term obligations authorized.
39.50.030 - Issuance of short-term obligations—Procedure—Interest rate—Contracts for future sale.
39.50.040 - Refunding and renewal of short-term obligations.
39.50.050 - Short-term obligations—Security.
39.50.060 - Nonvoted general indebtedness.
39.50.070 - Funds for payment of principal and interest.
39.50.900 - Chapter cumulative—Applicability to joint operating agencies.