RCW 39.50.070
Funds for payment of principal and interest.
For the purpose of providing funds for the payment of principal of and interest on short-term obligations, the governing body may authorize the creation of a special fund or funds and provide for the payment from authorized sources to such funds of amounts sufficient to meet principal and interest requirements.
[ 1982 c 216 § 8.]
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.