These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.
Additional powers of board—Issuance of bonds, investments, transfer of funds, etc.
The board is hereby empowered:
(1) To reserve the right to issue bonds later on a parity with any bonds being issued;
(2) To authorize the investing of moneys in the bond retirement fund and any reserve account therein;
(3) To authorize the transfer of money from the Washington State University building account to the bond retirement fund when necessary to prevent a default in the payments required to be made out of such fund;
(4) To create a reserve account or accounts in the bond retirement fund to secure the payment of the principal of and interest on any bonds;
(5) To authorize the transfer to the Washington State University building account of any money on deposit in the bond retirement fund in excess of debt service for a period of three years from the date of such transfer on all outstanding bonds payable out of such fund. However, during the 2021-2023 fiscal biennium, the legislature may transfer to the Washington State University building account moneys that are in excess of the debt service due within the 2021-2023 fiscal biennium from the date of such transfer on all outstanding bonds payable out of the bond retirement fund. However, during the 2023-2025 fiscal biennium, the legislature may transfer to the Washington State University building account moneys that are in excess of the debt service due within the 2023-2025 fiscal biennium from the date of such transfer on all outstanding bonds payable out of the bond retirement fund.
NOTES:
Conflict with federal requirements—Effective date—2023 c 474: See notes following RCW
28A.320.330.
Effective date—2021 c 332: See note following RCW
43.19.501.
Effective date—2019 c 413: See note following RCW
28B.15.210.
Effective date—2018 c 2: See note following RCW
28B.10.027.
Effective date—2015 3rd sp.s. c 3: See note following RCW
43.160.080.
Effective date—2013 2nd sp.s. c 19: See note following RCW
43.34.080.
Effective date—2011 1st sp.s. c 48: See note following RCW
39.35B.050.
Effective date—2010 1st sp.s. c 36: See note following RCW
43.155.050.