Washington § 81.112.130 - General obligation bonds.

Full text of Washington Revised Code of Washington § 81.112.130 — General obligation bonds., with citation guidance and answers to common questions.

§ 81.112.130. General obligation bonds.

Notwithstanding RCW 39.36.020(1), an authority may at any time contract indebtedness or borrow money for authority purposes and may issue general obligation bonds in an amount not exceeding, together with any existing indebtedness of the authority not authorized by the voters, one and one-half percent of the value of the taxable property within the boundaries of the authority; and with the assent of three-fifths of the voters therein voting at an election called for that purpose, may contract indebtedness or borrow money for authority purposes and may issue general obligation bonds therefor, provided the total indebtedness of the authority shall not exceed five percent of the value of the taxable property therein. Such bonds shall be issued and sold in accordance with chapter 39.46 RCW.
The term "value of the taxable property" shall have the meaning set forth in RCW 39.36.015.
[ 1992 c 101 s 13.]

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Frequently Asked Questions About Washington § 81.112.130

What does Revised Code of Washington § 81.112.130 cover?

Section 81.112.130 ("General obligation bonds.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 81.112.130?

A common citation format is "Revised Code of Washington § 81.112.130" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

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