§ 28B.10.022. Authority to enter into financing contracts -- Notice
(1) The boards of regents of the state universities and the boards of trustees of the regional universities, The Evergreen State College, and the state board for community and technical colleges, are severally authorized to enter into financing contracts as provided in chapter 39.94 RCW. Except as provided in subsection (2) of this section, financing contracts shall be subject to the approval of the state finance committee.
(2) The board of regents of a state university may enter into financing contracts which are payable solely from and secured by all or any component of the fees and revenues of the university derived from its ownership and operation of its facilities not subject to appropriation by the legislature and not constituting "general state revenues," as defined in Article VIII, section 1 of the state Constitution, without the prior approval of the state finance committee.
(3) Except for financing contracts for facilities or equipment described under chapter 28B.140 RCW, the board of regents shall notify the state finance committee at least sixty days prior to entering into such contract and provide information relating to such contract as requested by the state finance committee.
[2003 c 6 § 1; 2002 c 151 § 5; 1989 c 356 § 6.]
Sections: Previous 28B.10.016 28B.10.017 28B.10.020 28B.10.022 28B.10.023 28B.10.025 28B.10.027 28B.10.029 28B.10.030 28B.10.031 28B.10.032 28B.10.040 28B.10.042 28B.10.0421 28B.10.050 NextLast modified: April 7, 2009