Statutes > Washington Statutes > Title 28B - Higher education > Chapter 28B.31 - 1977 Washington State University buildings and facilities financing act. > 28B.31.030 - Form, terms, conditions, sale and covenants of bonds and notes -- Pledge of state's credit.

28B.31.030 - Form, terms, conditions, sale and covenants of bonds and notes -- Pledge of state's credit.

Form, terms, conditions, sale and covenants of bonds and notes — Pledge of state's credit.

The state finance committee is authorized to prescribe the form, terms, conditions, and covenants of the bonds and/or the bond anticipation notes authorized by this chapter, the time or times of sale of all or any portion of them, and the conditions and manner of their sale and issuance.

     Each such bond and bond anticipation note shall pledge the full faith and credit of the state of Washington and shall contain an unconditional promise to pay the principal thereof and interest thereon when due.

[1977 ex.s. c 344 § 3.]

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