43.75.200 - General obligation bonds -- Refunding -- Amount -- Authority of state finance committee to issue.

General obligation bonds — Refunding — Amount — Authority of state finance committee to issue.

The state finance committee shall issue general obligation bonds of the state in the amount of seventy-two million one hundred sixty-seven thousand, six hundred fifty dollars, or so much thereof as may be required to refund, at or prior to maturity, all indebtedness, including any premium payable with respect thereto and all interest thereon, incurred by the Washington state building authority and to pay all costs incidental thereto and to the issuance of such bonds. Such refunding bonds shall not constitute an indebtedness of the state of Washington within the meaning of the debt limitation contained in section 1 of Article VIII of the Washington state Constitution, as amended by a vote of the people pursuant to HJR 52, 1971 regular session.

[1973 c 9 § 1; 1971 ex.s. c 154 § 1.]