Washington Code 39.53.100 – Use of deposit moneys and investments in computing indebtedness
Current as of: 2023 | Check for updates
|
Other versions
In computing indebtedness for the purpose of any constitutional or statutory debt limitation there shall be deducted from the amount of outstanding indebtedness the amounts of money and investments credited to or on deposit for general obligation bond retirement.
Terms Used In Washington Code 39.53.100
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.