RCW 28B.50.380
127 words·~1 min read·
/wa/title-28b/chapter-28b-50/28b-50-380·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
[ 1969 ex.s. c 223 s 28B.50.380 . Prior: 1967 ex.s. c 8 s 38 . Formerly RCW 28.85.380 .]