§ 39.46.050. Bonds -- Issuer authorized to establish lines of credit
Each local government authorized to issue bonds is authorized to establish lines of credit with any qualified public depository to be drawn upon in exchange for its bonds or other obligations, to delegate to its treasurer authority to determine the amount of credit extended, and to pay interest and other finance or service charges. The interest rates on such bonds or other obligations may be a fixed rate or rates set periodically or a variable rate or rates determined by agreement of the parties.
[2003 c 23 § 1; 1983 c 167 § 5.]
Notes:
Liberal construction -- Severability -- 1983 c 167: See RCW 39.46.010 and note following.
Sections: Previous 39.46.010 39.46.020 39.46.030 39.46.040 39.46.050 39.46.060 39.46.070 39.46.100 39.46.110 39.46.120 39.46.150 39.46.160 Next
Last modified: April 7, 2009