§ 28B.20.735. Bonds not general obligations -- Legislature may provide additional means of payment
The bonds authorized to be issued pursuant to the provisions of RCW 28B.20.700 through 28B.20.740 shall not be general obligations of the state of Washington, but shall be limited obligation bonds payable only from the special fund created for their payment derived from the building fees as herein provided. The legislature may provide additional means for raising money for the payment of interest and principal of said bonds. RCW 28B.20.700 through 28B.20.740 shall not be deemed to provide an exclusive method for such payment. The power given to the legislature by this section to provide additional means for raising money is permissive, and shall not in any way be construed as a pledge of the general credit of the state of Washington.
[1985 c 390 § 40; 1969 ex.s. c 223 § 28B.20.735. Prior: 1957 c 254 § 7. Formerly RCW 28.77.550.]
Sections: Previous 28B.20.705 28B.20.710 28B.20.715 28B.20.720 28B.20.721 28B.20.725 28B.20.730 28B.20.735 28B.20.740 28B.20.745 28B.20.750 28B.20.751 28B.20.752 28B.20.753 28B.20.754 NextLast modified: April 7, 2009