28B.14D.090 - Prerequisite for issuance of bonds.

Prerequisite for issuance of bonds.

The bonds authorized by this chapter shall be issued only after an officer designated by the board of regents or board of trustees of each institution of higher education receiving an appropriation from the higher education construction account has certified, based upon his estimates of future tuition income and other factors, that an adequate balance will be maintained in that institution's building account or capital projects account to enable the board to meet the requirements of RCW 28B.14D.070 during the life of the bonds to be issued.

[1979 ex.s. c 253 § 9.]