§ 43.99F.020. General obligation bonds -- Authorized -- Issuance, sale, terms -- Appropriation required
For the purpose of providing funds to public bodies for the planning, design, acquisition, construction, and improvement of public waste disposal and management facilities, or for purposes of assisting a public body to obtain an ownership interest in waste disposal and management facilities and/or to defray a part of the payments made by a public body to a service provider under a service agreement entered into pursuant to RCW 70.150.060, in this state, the state finance committee is authorized to issue general obligation bonds of the state of Washington in the sum of three hundred thirty million dollars, or so much thereof as may be required, to finance the improvements defined in this chapter and all costs incidental thereto. The department may not use or permit the use of any funds derived from the sale of bonds authorized by this chapter for: (1) the support of a solid waste recycling activity or service in a locale if the department determines that the activity or service is reasonably available to persons within that locale from private enterprise; or (2) the construction of municipal wastewater facilities unless said facilities have been approved by a general purpose unit of local government in accordance with chapter 36.94 RCW, chapter 35.67 RCW, or RCW 57.16.010. These bonds shall be paid and discharged within thirty years of the date of issuance. No bonds authorized by this chapter shall be offered for sale without prior legislative appropriation of the proceeds of the bonds to be sold.
[1996 c 230 § 1611; 1990 1st ex.s. c 15 § 9. Prior: 1989 1st ex.s. c 14 § 12; 1989 c 136 § 6; 1987 c 436 § 2; 1980 c 159 § 2.]
Notes:
Part headings not law -- Effective date -- 1996 c 230: See notes following RCW 57.02.001.
Severability -- 1990 1st ex.s. c 15: See note following RCW 43.99H.010.
Severability -- Effective dates -- 1989 1st ex.s. c 14: See RCW 43.99H.900 and 43.99H.901.
Intent -- 1989 c 136: See note following RCW 43.83A.020.
Sections: Previous 43.99F.010 43.99F.020 43.99F.030 43.99F.040 43.99F.050 43.99F.060 43.99F.070 43.99F.080 43.99F.090 43.99F.100 43.99F.110 Next
Last modified: April 7, 2009