For each state
or local government bond issued, the underwriter of the issue
shall supply the *department of community, trade, and economic
development with information on the bond issue within twenty days
of its issuance. In cases where the issuer of the bond makes a
direct or private sale to a purchaser without benefit of an
underwriter, the issuer shall supply the required information. The bond issue information shall be provided on a form prescribed
by the *department of community, trade, and economic development
and shall include but is not limited to: (1) The par value of
the bond issue; (2) the effective interest rates; (3) a schedule
of maturities; (4) the purposes of the bond issue; (5) cost of
issuance information; and (6) the type of bonds that are issued. A copy of the bond covenants shall be supplied with this
information.
For each state or local government bond issued, the issuer's
bond counsel promptly shall provide to the underwriter or to the
*department of community, trade, and economic development
information on the amount of any fees charged for services
rendered with regard to the bond issue.
Each local government that issues any type of bond shall
make a report annually to the *department of community, trade,
and economic development that includes a summary of all the
outstanding bonds of the local government as of the first day of
January in that year. Such report shall distinguish the
outstanding bond issues on the basis of the type of bond, as
defined in RCW 39.44.200, and shall report the local government's
outstanding indebtedness compared to any applicable limitations
on indebtedness, including RCW 35.42.200, 39.30.010, and 39.36.020.
[1995 c 399 § 54; 1990 c 220 § 2; 1989 c 225 § 2; 1985 c 130 § 1.]
NOTES:
*Reviser's note: The "department of community, trade, and economic development" was renamed the "department of commerce" by 2009 c 565.
Fiscal agencies: Chapter 43.80 RCW.
Publication of local government bond information by department of community, trade, and economic development -- Adoption of rules: RCW 43.63A.155.