The city or county must assume and agree to provide for the payment of all of the indebtedness of the transportation benefit district, including the payment and retirement of outstanding general obligation and revenue bonds issued by the transportation benefit district.

NOTES:

Effective date2015 3rd sp.s. c 44: See note following RCW 46.68.395.

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Terms Used In Washington Code 36.74.070

  • 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.