Washington § 47.60.124 Revenue refunding bonds to redeem interim warrants.

Washington Statutes

§ 47.60.124 — Revenue refunding bonds to redeem interim warrants.

Washington § 47.60.124

Title 47PUBLIC HIGHWAYS AND TRANSPORTATION

Ch. 47.60PUGET SOUND FERRY AND TOLL BRIDGE SYSTEM

This text of Washington § 47.60.124 (Revenue refunding bonds to redeem interim warrants.) 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 § 47.60.124 (2026).

Text

If it is deemed advisable or found necessary to redeem any or all of such warrants, the department is authorized to issue its revenue refunding bonds for that purpose. The bonds shall constitute obligations only of the department, and shall not be obligations of the state of Washington. The refunding bonds shall be payable solely out of part or all of the revenues derived from the operation of the Puget Sound ferry system as shall be provided in the resolution authorizing their issuance.

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If it is deemed advisable or found necessary to redeem any or all of such warrants, the department is authorized to issue its revenue refunding bonds for that purpose. The bonds shall constitute obligations only of the department, and shall not be obligations of the state of Washington. The refunding bonds shall be payable solely out of part or all of the revenues derived from the operation of the Puget Sound ferry system as shall be provided in the resolution authorizing their issuance.