Washington § 28B.35.760 Additional powers of board—Issuance of bonds, investments, transfer of funds, etc.

Washington Statutes

§ 28B.35.760 — Additional powers of board—Issuance of bonds, investments, transfer of funds, etc.

Washington § 28B.35.760

Title 28BHIGHER EDUCATION

Ch. 28B.35REGIONAL UNIVERSITIES

This text of Washington § 28B.35.760 (Additional powers of board—Issuance of bonds, investments, transfer of funds, etc.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 28B.35.760 (2026).

Text

The board of any such university or college is hereby empowered:

(1)To reserve the right to issue bonds later on a parity with any bonds being issued;

(2)To authorize the investing of moneys in the bond retirement fund and any reserve account therein;

(3)To authorize the transfer of money from the college's or universities' capital projects account to the college's or universities' bond retirement fund when necessary to prevent a default in the payments required to be made out of such fund;

(4)To create a reserve account or accounts in the bond retirement fund to secure the payment of the principal of and interest on any bonds. Severability — Nomenclature — Savings — 1977 ex.s. c 169: See notes following RCW 28B.10.016 .

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The board of any such university or college is hereby empowered:

(1) To reserve the right to issue bonds later on a parity with any bonds being issued;

(2) To authorize the investing of moneys in the bond retirement fund and any reserve account therein;

(3) To authorize the transfer of money from the college's or universities' capital projects account to the college's or universities' bond retirement fund when necessary to prevent a default in the payments required to be made out of such fund;

(4) To create a reserve account or accounts in the bond retirement fund to secure the payment of the principal of and interest on any bonds.

Severability — Nomenclature — Savings — 1977 ex.s. c 169: See notes following RCW 28B.10.016 .