Washington Const. art. IX, § 5

Washington Constitution

Article IX, § 5 — Loss of Permanent Fund to Become State Debt

Washington Const. art. IX, § 5 (Loss of Permanent Fund to Become State Debt) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionWashington DocumentConstitution

ArticleIX

Section§ 5

CitationWashington Const. art. IX, § 5

Bluebook

Wash. Const. art. IX, § 5.

Full Text

All losses to the permanent common school or any other state educational fund, which shall be occasioned by defalcation, mismanagement or fraud of the agents or officers controlling or managing the same, shall be audited by the proper authorities of the state. The amount so audited shall be a permanent funded debt against the state in favor of the particular fund sustaining such loss, upon which not less than six per cent annual interest shall be paid. The amount of liability so created shall not be counted as a part of the indebtedness authorized and limited elsewhere in this Constitution.

Add this to your briefcase to access full text.

All losses to the permanent common school or any other state educational fund, which shall be occasioned by defalcation, mismanagement or fraud of the agents or officers controlling or managing the same, shall be audited by the proper authorities of the state. The amount so audited shall be a permanent funded debt against the state in favor of the particular fund sustaining such loss, upon which not less than six per cent annual interest shall be paid. The amount of liability so created shall not be counted as a part of the indebtedness authorized and limited elsewhere in this Constitution.