No public agency or assignee of a public agency may issue or sell bonds to finance the cost of construction or the cost of acquisition of a major public energy project, or any portion thereof, unless it has first obtained authority for the expenditure of the funds to be raised by the sale of such bonds for that project at an election conducted in the manner provided in this chapter.
RCW 80.52.040
Election approval required before issuance of bonds.
Applied in 2 court decisions — leading case 138 Wash. 2d 950 - Concerned Ratepayers Ass'n v. Public Utility District No. 1 (1999)
Most recently applied in 138 Wash. 2d 950 - Concerned Ratepayers Ass'n v. Public Utility District No. 1 (September 1999)
1981 2nd ex.s. c 6 s 4 (Initiative Measure No. 394, approved November 3, 1981).
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.