RCW 28B.35.760
156 words·~1 min read·
/wa/title-28b/chapter-28b-35/28b-35-760·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board of any such university or college 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's or universities' capital projects account to the college's or universities' bond retirement fund when necessary to prevent a default in the payments required to be made out of such fund;
(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.
[ 1977 ex.s. c 169 s 88 ; 1969 ex.s. c 223 s 28B.40.760 . Prior: 1961 ex.s. c 14 s 7 . Formerly RCW 28B.40.760 ; 28.81.560.]
Notes:
Severability — Nomenclature — Savings — 1977 ex.s. c 169: See notes following RCW 28B.10.016 .