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2015 Revised Code of Washington
Title 39 - PUBLIC CONTRACTS AND INDEBTEDNESS
39.53 Refunding bond act.
39.53.100 Use of deposit moneys and investments in computing indebtedness.

WA Rev Code § 39.53.100 (2015) What's This?

RCW 39.53.100 Use of deposit moneys and investments in computing indebtedness.

In computing indebtedness for the purpose of any constitutional or statutory debt limitation there shall be deducted from the amount of outstanding indebtedness the amounts of money and investments credited to or on deposit for general obligation bond retirement.

[1973 1st ex.s. c 25 § 6; 1965 ex.s. c 138 § 11.]

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