Bond anticipation notes — Authorized — Bond proceeds to apply to payment on.
When the state finance committee has determined to issue the general obligation bonds, or a portion thereof, it may, pending the issuance thereof, issue in the name of the state temporary notes in anticipation of the issuance of the bonds, which notes shall be designated as "bond anticipation notes". Such portion of the proceeds of the sale of the bonds as may be required for the payment of principal of and redemption premium, if any, and interest on the notes shall be applied thereto when the bonds are issued.
[1979 ex.s. c 226 § 2.]
| Effective date -- Severability -- 1979 ex.s. c 226: See notes following RCW 28B.59C.010.|