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.
RCW 39.53.100
Use of deposit moneys and investments in computing indebtedness.
Known as the Refunding Bond Act
The act spans §§ 39–39 (17 sections).
1973 1st ex.s. c 25 s 6; 1965 ex.s. c 138 s 11.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.