28B.14.020 - Bond anticipation notes -- Authorized -- Payment.

Bond anticipation notes — Authorized — Payment.

When the state finance committee has determined to issue such general obligation bonds or a portion thereof as authorized in RCW 28B.14.010, it may, pending the issuance thereof, issue in the name of the state temporary notes in anticipation of the issuance of such bonds, which notes shall be designated as "bond anticipation notes". Such portion of the proceeds of the sale of such bonds as may be required for the payment of principal and redemption premium, if any, of and interest on such notes shall be applied thereto when such bonds are issued.

[1975 1st ex.s. c 237 § 2.]

Notes: Severability -- 1975 1st ex.s. c 237: See note following RCW 28B.14.010.