Washington Code 39.50.070 – Funds for payment of principal and interest
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For the purpose of providing funds for the payment of principal of and interest on short-term obligations, the governing body may authorize the creation of a special fund or funds and provide for the payment from authorized sources to such funds of amounts sufficient to meet principal and interest requirements.
[ 1982 c 216 § 8.]
Terms Used In Washington Code 39.50.070
- Governing body: means the legislative authority of a municipal corporation by whatever name designated;
Washington Code 39.50.010