Wash. Rev. Code § 28B.50.380
Construction, reconstruction, equipping, and demolition of community college facilities and acquisition of property—Bonds—Additional powers incident to bond authorization
Washington · Revised Code of Washington Chapter 28B.50 — Community and Technical Colleges · Status: effective
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- Citation
- Wash. Rev. Code § 28B.50.380, Construction, reconstruction, equipping, and demolition of community college facilities and acquisition of property—Bonds—Additional powers incident to bond authorization, Washington, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1502133
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Full text
In accordance with the provisions of RCW 28B.50.340 the college board is hereby empowered:
(1) To reserve the right to issue bonds later on a parity with any bonds being issued;
(2) To authorize the investing of moneys in the bond retirement fund and any reserve account therein;
(3) To authorize the transfer of money from the college board's capital projects account to the bond retirement fund when necessary to prevent a default in the payments required to be made; and(4) To create a reserve account or accounts in the bond retirement fund to secure the payment of the principal of and interest on any bonds.