§ 39.46.160. Revenue bonds -- Alternative method of issuance -- Bonds may include reserve funds
Any local government issuing revenue bonds under this section and RCW 39.46.150 may include in the amount of any such issue money for the purpose of establishing, maintaining, or increasing reserve funds to:
(1) Secure the payment of the principal of and interest on such revenue bonds; or
(2) Provide for replacements or renewals of or repairs or betterments to revenue producing facilities; or
(3) Provide for contingencies, including, but not limited to, loss of revenue caused by such contingencies.
[1986 c 168 § 2.]
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 39.46.160Last modified: April 7, 2009