Revised Code of Washington - RCW Title 39 Public Contracts And Indebtedness - Chapter 39.53 Refunding Bond Act

  • 39.53.010 Definitions
    Except where the context otherwise requires, the definitions in this section apply throughout this chapter: (1) "Bond" means any revenue bond or general obligation bond. ...
  • 39.53.020 Issuance authorized -- Purposes -- Saving to public body, criteria
    The governing body of any public body may by ordinance provide for the issuance of refunding bonds without an election (1) in order to pay ...
  • 39.53.030 Refunding bonds may be exchanged for bonds to be refunded or sold
    Any refunding bonds issued may be delivered in exchange for the bonds to be refunded or may be sold in such manner and at such ...
  • 39.53.040 What bonds may be refunded -- Refunding plans -- Redemption of refunding bonds
    Bonds may be refunded under this chapter or under any other law of this state which authorizes the issuance of refunding bonds. In any refunding ...
  • 39.53.045 Bonds payable from special assessments -- Not subject to refunding
    Bonds payable solely from special assessments or special assessments and a guaranty fund issued on or prior to June 7, 1984, shall not be subject ...
  • 39.53.050 Refunding bonds, principal amount -- Disposition of reserves held to secure the bonds to be refunded
    The principal amount of refunding bonds may exceed the principal amount of the bonds to be refunded by an amount deemed reasonably required to effect ...
  • 39.53.060 Application of proceeds of sale of refunding bonds and other funds -- Investment in government obligations -- Incidental expenses
    Prior to the application of the proceeds derived from the sale of refunding bonds to the purposes for which such bonds have been issued, such ...
  • 39.53.070 Application of proceeds of sale of refunding bonds and other funds -- Contracts for safekeeping and application -- Use to pay and secure refunding bonds -- Pledge of revenues -- Duty to provide sufficient money to accomplish refunding
    The governing body may contract with respect to the safekeeping and application of the refunding bond proceeds and other funds included therewith and the income ...
  • 39.53.080 Pledge of revenues to payment of refunding bonds when amounts sufficient to pay revenue bonds to be refunded are irrevocably set aside
    When a public body has irrevocably set aside for and pledged to the payment of revenue bonds to be refunded refunding bond proceeds and other ...
  • 39.53.090 Annual maturities of general obligation refunding bonds issued to refund voted general obligation bonds
    The various annual maturities of general obligation refunding bonds issued to refund voted general obligation bonds shall not extend over a longer period of time ...
  • 39.53.100 Use of deposit moneys and investments in computing indebtedness
    In computing indebtedness for the purpose of any constitutional or statutory debt limitation there shall be deducted from the amount of outstanding indebtedness the amounts ...
  • 39.53.110 Refunding and other bonds may be issued in combination
    Refunding bonds and bonds for any other purpose or purposes authorized may be issued separately or issued in combination in one or more series or ...
  • 39.53.120 Refunding bonds to be issued in accordance with laws applicable to type of bonds to be refunded -- Transfer of funds to applicable bond retirement account
    (1) Except as specifically provided in this chapter, refunding bonds issued under this chapter shall be issued in accordance with the provisions of law applicable ...
  • 39.53.130 Amendment of power contracts pursuant to refunding of certain bond issues
    If bonds are to be issued under this chapter for refunding of any bonds issued specifically to finance any electric power and energy project or ...
  • 39.53.140 Issuance of general obligation refunding bonds to refund general obligation or revenue bonds
    Any public body may issue general obligation refunding bonds to refund any general obligation or revenue bonds of such issuer or its agencies or instrumentalities. ...
  • 39.53.900 Short title
    This chapter shall be known as the "Refunding Bond Act."[1965 ex.s. c 138 § 1.] ...
  • 39.53.910 Additional authority -- Effect as to other laws
    The authority of a public body to issue refunding bonds pursuant to this chapter is additional to any existing authority to issue such bonds and ...
  • 39.53.920 Severability -- 1965 ex.s. c 138
    If any provision of this chapter, or its application to any person or circumstance is held invalid, the remainder of the chapter, or the application ...
  • 39.53.921 Severability -- 1977 ex.s. c 262
    If any provision of this 1977 amendatory act, or its application to any person or circumstance is held invalid, the remainder of the act, or ...

Last modified: April 7, 2009