Washington Code 47.60.800 – General obligation bonds — 1992 issue — Purpose — Issuance and sale
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In order to provide funds necessary for vessel and terminal acquisition, construction, and major and minor improvements, including long lead time materials acquisition for the Washington state ferries, there shall be issued and sold upon the request of the Washington state transportation commission and legislative appropriation a total of two hundred ten million dollars of general obligation bonds of the state of Washington.
[ 1992 c 158 § 1.]
Terms Used In Washington Code 47.60.800
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Commission: means the transportation commission created in RCW 47. See Washington Code 47.01.021
- 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.