Washington § 39.46.050 Bonds—Issuer authorized to establish lines of credit.

Washington Statutes

§ 39.46.050 — Bonds—Issuer authorized to establish lines of credit.

Washington § 39.46.050

Title 39PUBLIC CONTRACTS AND INDEBTEDNESS

Ch. 39.46BONDS—OTHER MISCELLANEOUS PROVISIONS—REGISTRATION

This text of Washington § 39.46.050 (Bonds—Issuer authorized to establish lines of credit.) 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 § 39.46.050 (2026).

Text

Each local government authorized to issue bonds is authorized to establish lines of credit with any qualified public depository to be drawn upon in exchange for its bonds or other obligations, to delegate to its treasurer authority to determine the amount of credit extended, and to pay interest and other finance or service charges. The interest rates on such bonds or other obligations may be a fixed rate or rates set periodically or a variable rate or rates determined by agreement of the parties.

Liberal construction — Severability — 1983 c 167: See RCW 39.46.010 and note following.

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Each local government authorized to issue bonds is authorized to establish lines of credit with any qualified public depository to be drawn upon in exchange for its bonds or other obligations, to delegate to its treasurer authority to determine the amount of credit extended, and to pay interest and other finance or service charges. The interest rates on such bonds or other obligations may be a fixed rate or rates set periodically or a variable rate or rates determined by agreement of the parties.

Liberal construction — Severability — 1983 c 167: See RCW 39.46.010 and note following.