(1) For the purpose of carrying out a joint
self-insurance program, a joint self-insurance program and a
separate legal entity created under RCW 48.62.031 each may:
(a) Contract indebtedness and issue and sell revenue bonds
evidencing such indebtedness or establish lines of credit
pursuant to and in the manner provided for local governments in
chapter 39.46 RCW with the joint board under RCW 39.34.030; board
of directors under RCW 48.62.081; or governing board of a
separate legal entity formed under RCW 48.62.031, performing the
functions to be performed by the governing body of a local
government under chapter 39.46 RCW and appointing a treasurer to
perform the functions to be performed by the treasurer under
chapter 39.46 RCW;
(b) Contract indebtedness and issue and sell short-term
obligations evidencing such indebtedness pursuant to and in the
manner provided for municipal corporations in chapter 39.50 RCW
with the joint board under RCW 39.34.030; board of directors
under RCW 48.62.081; or governing board of a separate legal
entity formed under RCW 48.62.031, performing the functions to be
performed by the governing body of a municipal corporation under
chapter 39.50 RCW; and
(c) Contract indebtedness and issue and sell refunding bonds
pursuant to and in the manner provided for public bodies in
chapter 39.53 RCW with the joint board under RCW 39.34.030; board
of directors under RCW 48.62.081; or governing board of a
separate legal entity formed under RCW 48.62.031, performing the
functions to be performed by the governing body of a public body
under chapter 39.53 RCW.
(2) For the purpose of carrying out a joint self-insurance
program, a joint self-insurance program and a separate legal
entity formed under RCW 48.62.031 each may make loans of the
proceeds of revenue bonds issued under this section to a joint
self-insurance program or a local government entity that has
joined or formed a joint self-insurance program.
(3) For the purpose of carrying out a joint self-insurance
program, a joint self-insurance program and each local government
entity that has joined or formed a joint self-insurance program
may accept loans of the proceeds of revenue bonds issued under
this section.
[2005 c 147 § 2.]