§ 28B.07.330. Revenue refunding bonds
Bonds may be issued by the authority to refund other outstanding bonds issued pursuant to this chapter, at or prior to the maturity thereof, and to pay any redemption premium with respect thereto. Bonds issued for such refunding purposes may be combined with bonds issued for the origination or purchase of educational loans. Pending the application of the proceeds of the refunding bonds to the redemption of the bonds to be redeemed, the authority may enter into an agreement or agreements with a corporate trustee with respect to the interim investment of the proceeds and the application of the proceeds and the earnings on the proceeds to the payment of the principal of and interest on, and the redemption of the bonds to be redeemed.
[2007 c 36 § 6.]
Notes:
Policy -- Purpose -- 2007 c 36: See note following RCW 28B.07.300.
Sections: Previous 28B.07.100 28B.07.110 28B.07.120 28B.07.130 28B.07.300 28B.07.310 28B.07.320 28B.07.330 28B.07.340 28B.07.350 28B.07.360 28B.07.370 28B.07.380 28B.07.900 28B.07.910 Next
Last modified: April 7, 2009