RCW 43.99I.090
Dairy products commission—Bond conditions and limitations.
The bonds authorized by *RCW 43.99I.020(7) shall be issued only after the director of financial management has (a) certified that, based on the future income from assessments levied pursuant to chapter 15.44 RCW and other revenues collected by the Washington state dairy products commission, an adequate balance will be maintained in the commission's general operating fund to pay the interest or principal and interest payments due under **RCW 43.99I.040(3) for the life of the bonds; and (b) approved the facility to be acquired using the bond proceeds.
[ 1997 c 456 § 40; 1992 c 235 § 5.]
NOTES:
Reviser's note: *(1) RCW 43.99I.020 was amended by 2012 c 198 § 13, changing subsection (7) to subsection (6).
**(2) The reference to RCW 43.99I.040(3) appears erroneous. RCW 43.99I.040(4) was apparently intended.
Effective date—1997 c 456 §§ 9-43: See RCW 43.99M.901.
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.99I - Financing for Appropriations—1991-1993 Biennium.
43.99I.020 - Conditions and limitations.
43.99I.030 - Retirement of bonds.
43.99I.040 - Reimbursement of general fund.
43.99I.060 - Pledge and promise—Remedies.
43.99I.070 - Additional means for payment of principal and interest.
43.99I.080 - Legal investment.
43.99I.090 - Dairy products commission—Bond conditions and limitations.