Statutes > Washington Statutes > Title 28B - Higher education > Chapter 28B.31 - 1977 Washington State University buildings and facilities financing act. > 28B.31.020 - Bond anticipation notes -- Authorized -- Bond proceeds to apply to payment on.

28B.31.020 - Bond anticipation notes -- Authorized -- Bond proceeds to apply to payment on.

Bond anticipation notes — Authorized — Bond proceeds to apply to payment on.

When the state finance committee has determined to issue such general obligation bonds or a portion thereof as authorized in RCW 28B.31.010, 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 the principal of and redemption premium, if any, and interest on such notes shall be applied thereto when such bonds are issued.

[1977 ex.s. c 344 § 2.]

Notes: Severability -- 1977 ex.s. c 344: See note following RCW 28B.31.010.