Washington Statutes

§ 39.53.130 — Amendment of power contracts pursuant to refunding of certain bond issues.

Washington § 39.53.130
JurisdictionWashington
Title 39PUBLIC CONTRACTS AND INDEBTEDNESS
Ch. 39.53REFUNDING BOND ACT

This text of Washington § 39.53.130 (Amendment of power contracts pursuant to refunding of certain bond issues.) 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 § 39.53.130 (2026).

Text

If bonds are to be issued under this chapter for refunding of any bonds issued specifically to finance any electric power and energy project or facility and there are contracts in existence for the sale of electric power and energy generated by such project or facility wherein the cost of power to a purchaser specifically includes a portion of the debt service on the bonds to be refunded, such power contracts shall be amended to reflect in each year during the remaining terms of such contracts that portion of the savings to be realized from such refunding during each such year equal to the percentage of power output from such project or facility purchased by the purchaser under such power contracts. Nothing in this chapter shall be construed to alter, modify or change any such power contra

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Legislative History

[1965 ex.s. c 138 s 15.]

Nearby Sections

15
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Bluebook (online)
Washington § 39.53.130, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/39.53.130.