RCW 43.52.395
Maximum interest rate operating agency may pay member.
(1) The maximum rate at which an operating agency shall add interest in repaying a member under RCW 43.52.391 may not exceed the higher of fifteen percent per annum or four percentage points above the equivalent coupon issue yield (as published by the Board of Governors of the Federal Reserve System) of the average bill rate for twenty-six week treasury bills as determined at the first bill market auction conducted during the preceding calendar month.
(2) The maximum rate specified in subsection (1) of this section is applicable to all advances and contributions made by each member to the agency prior to January 21, 1982, and to all renewals of such advances and contributions.
[ 1989 c 14 § 4; 1982 c 1 § 2.]
NOTES:
Severability—1982 c 1: See note following RCW 43.52.391.
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.52 - Operating Agencies.
43.52.260 - Scope of authority.
43.52.272 - Power commission abolished.
43.52.300 - Powers and duties of an operating agency.
43.52.3411 - Revenue bonds or warrants.
43.52.343 - Revenue bonds or warrants—Sale by negotiation or advertisement and bid.
43.52.350 - Operating agencies to provide fishways, facilities and hatcheries—Contracts.
43.52.375 - Treasurer—Auditor—Powers and duties—Official bonds—Funds.
43.52.380 - Member's preference to buy energy—Apportionment—Surplus.
43.52.383 - Compliance with open public meetings act.
43.52.385 - Best interest of ratepayers to determine interest of agency.
43.52.391 - Powers and duties of operating agency.
43.52.395 - Maximum interest rate operating agency may pay member.
43.52.410 - Authority of city or district to contract for electric energy or falling waters.
43.52.430 - Appeals from director of department of ecology.
43.52.440 - Effect of chapter on "Columbia River Sanctuary Act."
43.52.460 - Operating agency to pay in lieu of taxes.
43.52.470 - Operating agency—Validity of organization and existence.
43.52.515 - Application of Titles 9 and 9A RCW.
43.52.520 - Security force—Authorized.
43.52.525 - Security force—Criminal history record information.
43.52.535 - Security force—Membership in retirement system authorized.
43.52.560 - Contracts for materials or work required—Sealed bids.
43.52.570 - Purchase of materials by telephone or written quotation authorized—Procedure.
43.52.575 - Purchase of materials without competition authorized.
43.52.580 - Emergency purchase of materials or work by contract.
43.52.585 - Procedures for implementing RCW 43.52.560 through 43.52.580.
43.52.590 - Construction of RCW 43.52.560 through 43.52.585.
43.52.595 - Contracts for electric power and energy.