43.99G.150 - General obligation bonds authorized.

General obligation bonds authorized.

For the purpose of providing funds for state correctional facilities, the state finance committee is authorized to issue general obligation bonds of the state of Washington in the sum of fifty-nine million three hundred thousand dollars, or as much thereof as may be required, to finance the projects and all costs incidental thereto. Bonds authorized in this section may be sold at such price as the state finance committee shall determine. No bonds authorized in this section may be offered for sale without prior legislative appropriation of the net proceeds of the sale of the bonds.

[2006 c 167 § 101.]

Notes: Reviser's note: 2006 c 167 § 501 directed that "sections 101 through 105 of this act" be codified as a new chapter in Title 43 RCW. "Sections 101 through 105 of this act" have been codified in chapter 43.99G RCW, concerning bonds for capital projects, under the subchapter heading "2006 Bond Issue for State Correctional Facilities."