Section 53.25.200. Advances of general fund moneys or credit.

Latest version.

Port districts are hereby granted the power to advance their general fund moneys or credit, or both, without interest to accomplish the objects and purposes of this chapter, which fund shall be repaid from the sale or lease, or both, of such developed or redeveloped lands, provided, if the money advanced for such development or redevelopment was obtained from the sale of general obligation bonds of the port, then such advances shall bear the same rate of interest that said bonds bore.

[ 1955 c 73 § 20.]

1955 c 73 § 20.

                    
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