Revised Code of Washington - RCW Title 39 Public Contracts And Indebtedness - Chapter 39.98 School District Credit Enhancement Program

39.98.010 Finding -- School district debt obligation not removed
The legislature finds that implementation of the credit enhancement program provided for in this chapter can provide substantial savings to the taxpayers of the state ...

39.98.020 Definitions
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Bond" means any voted general obligation bond issued by ...

39.98.030 Bonds guaranteed by full faith, credit, and taxing power of the state -- Reference to chapter on face of bond conclusively establishes guaranty
(1)(a) The full faith, credit, and taxing power of the state is pledged to guarantee full and timely payment of the principal of and interest ...

39.98.040 Certificate issued by state treasurer evidence of guaranty -- Limitations on issuance of guaranteed bonds -- Fees
(1)(a) Any district, by resolution of its board of directors, may request that the state treasurer issue a certificate evidencing the state's guaranty, under this ...

39.98.050 Debt service payments -- Notifications upon nonpayment -- Payments by state treasurer -- Repayment
(1)(a) The county treasurer for each district with outstanding, unpaid bonds shall transfer money sufficient for each scheduled debt service payment to its paying agent ...

39.98.060 Reimbursement of state-paid debt service payments -- Interest and penalties -- Legal actions -- Revision of collection of taxes to meet obligations
(1) Any district that has issued bonds for which the state has made all or part of a debt service payment shall: (a) Reimburse all ...

39.98.070 Appropriation required
In order to effect the provisions of Article VIII, section 1(e) of the state Constitution, Senate Joint Resolution No. 8206, the legislature shall make provision ...

39.98.080 Adoption of rules
The state finance committee may adopt, under chapter 34.05 RCW, all rules necessary and appropriate for the implementation and administration of this chapter.[1999 c 273 ...

39.98.900 Contingent effective date -- 1999 c 273
This act takes effect January 1, 2000, if the proposed amendment to Article VIII, section 1 of the state Constitution, guaranteeing the general obligation debt ...