RCW 48.62.034
Joint self-insurance program—Actions authorized.
(1) For the purpose of carrying out a joint self-insurance program, a joint self-insurance program and a separate legal entity created under RCW 48.62.031 each may:
(a) Contract indebtedness and issue and sell revenue bonds evidencing such indebtedness or establish lines of credit pursuant to and in the manner provided for local governments in chapter 39.46 RCW with the joint board under RCW 39.34.030; board of directors under RCW 48.62.081; or governing board of a separate legal entity formed under RCW 48.62.031, performing the functions to be performed by the governing body of a local government under chapter 39.46 RCW and appointing a treasurer to perform the functions to be performed by the treasurer under chapter 39.46 RCW;
(b) Contract indebtedness and issue and sell short-term obligations evidencing such indebtedness pursuant to and in the manner provided for municipal corporations in chapter 39.50 RCW with the joint board under RCW 39.34.030; board of directors under RCW 48.62.081; or governing board of a separate legal entity formed under RCW 48.62.031, performing the functions to be performed by the governing body of a municipal corporation under chapter 39.50 RCW; and
(c) Contract indebtedness and issue and sell refunding bonds pursuant to and in the manner provided for public bodies in chapter 39.53 RCW with the joint board under RCW 39.34.030; board of directors under RCW 48.62.081; or governing board of a separate legal entity formed under RCW 48.62.031, performing the functions to be performed by the governing body of a public body under chapter 39.53 RCW.
(2) For the purpose of carrying out a joint self-insurance program, a joint self-insurance program and a separate legal entity formed under RCW 48.62.031 each may make loans of the proceeds of revenue bonds issued under this section to a joint self-insurance program or a local government entity that has joined or formed a joint self-insurance program.
(3) For the purpose of carrying out a joint self-insurance program, a joint self-insurance program and each local government entity that has joined or formed a joint self-insurance program may accept loans of the proceeds of revenue bonds issued under this section.
[ 2005 c 147 § 2.]
Structure Revised Code of Washington
Chapter 48.62 - Local Government Insurance Transactions.
48.62.011 - Legislative intent—Construction.
48.62.031 - Authority to self-insure—Options—Risk manager.
48.62.034 - Joint self-insurance program—Actions authorized.
48.62.061 - Rule making by state risk manager—Standards.
48.62.071 - Program approval required—State risk manager—Plan of management and operation.
48.62.081 - Multistate program participants—Requirements.
48.62.091 - Program approval or disapproval—Procedures—Annual report.
48.62.101 - Access to information—Executive sessions—Public records act.
48.62.111 - Investments—Designated treasurer—Deposit requirements—Bond.
48.62.125 - Educational service districts—Rules—Superintendent of public instruction.
48.62.131 - Preexisting programs—Notice to state auditor.
48.62.141 - Insufficient assets—Program requirement.
48.62.151 - Insurance premium taxes—Exemption.
48.62.161 - Establishment of fee to cover costs—State risk manager.
48.62.171 - Dissemination of information—Civil immunity.
48.62.900 - Effective date, implementation, application—1991 sp.s. c 30.