§ 43.99E.040. Anticipation notes -- Payment -- Pledge and promise -- Seal
When the state finance committee has decided to issue the bonds, or a portion of the bonds, it may, pending the issuance of the bonds, issue, in the name of the state, temporary notes in anticipation of the money to be derived from the sale of the bonds, which notes shall be designated as "anticipation notes". The portion of the proceeds of the sale of the bonds as may be required for this purpose shall be applied to the payment of the principal of and interest on the anticipation notes which have been issued. The bonds and notes shall pledge the full faith and credit of the state of Washington and shall contain an unconditional promise to pay the principal and interest when due. The state finance committee may authorize the use of a printed facsimile of the seal of the state of Washington in the issuance of the bonds and notes.
[1979 ex.s. c 234 § 7.]
Notes:
Referral to electorate -- 1979 ex.s. c 234: See note following RCW 43.99E.010.
Sections: Previous 43.99E.005 43.99E.010 43.99E.015 43.99E.020 43.99E.025 43.99E.030 43.99E.035 43.99E.040 43.99E.045 43.99E.050 43.99E.055 43.99E.900 Next
Last modified: April 7, 2009