Washington Code 36.94.210 – Pledge for payment of principal and interest on revenue or general obligation bonds
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The board of county commissioners of any county in adopting and establishing a system of sewerage and/or water may set aside into a special fund and pledge to the payment of the principal and interest due on any county revenue bonds or general obligation bonds any sums or amounts which may accrue from the collection of rates and charges for the private and public use of the system or systems.
Terms Used In Washington Code 36.94.210
- Board: means one or more boards of county commissioners and/or the legislative authority of a home rule charter county. See Washington Code 36.94.010
- county commissioners: when used in this title or any other provision of law shall include the governmental authority empowered to so act under the provisions of a charter adopted by any county of the state. See Washington Code 36.32.005
- 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.
- system of sewerage: means and may include any or all of the following:
Washington Code 36.94.010