RCW 39.50.050
Short-term obligations—Security.
Short-term obligations issued in anticipation of the receipt of taxes or the sale of general obligation bonds and the interest thereon shall be secured by the full faith, credit, taxing power, and resources of the municipal corporation. Short-term obligations issued in anticipation of the sale of revenue or local improvement district bonds and the interest thereon may be secured in the same manner as the revenue and local improvement district bonds in anticipation of which the obligations are issued and by an undertaking to issue the bonds. Short-term obligations issued in anticipation of grants, loans, or other sources of money shall be secured in the manner set forth in the ordinance authorizing their issuance.
[ 1982 c 216 § 6.]
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.