§ 43.83D.080. Anticipation notes -- Pledge and promise -- Seal
When the state finance committee has decided to issue such bonds or a portion thereof, it may, pending the issuing of such bonds, issue, in the name of the state, temporary notes in anticipation of the money to be derived from the sale of such bonds, which notes shall be designated as "anticipation notes". Such portion of the proceeds of the sale of such bonds as may be required for such purpose shall be applied to the payment of the principal of and interest on such anticipation notes which have been issued. The bonds and notes shall pledge the full faith and credit of the state of Washington and shall contain an unconditional promise to pay the principal and interest when due. The state finance committee may authorize the use of a printed facsimile of the seal of the state of Washington in the issuance of the bonds and notes.
[1972 ex.s. c 130 § 8.]
Sections: Previous 43.83D.010 43.83D.020 43.83D.030 43.83D.040 43.83D.050 43.83D.060 43.83D.070 43.83D.080 43.83D.090 43.83D.100 43.83D.110 43.83D.120 NextLast modified: April 7, 2009