City of Spokane

Spokane Municipal Code

***Note: Many local criminal codes can now be located under Chapter 10.60 SMC while others are now cited under the Revised Code of Washington (RCW), which was incorporated into the municipal code in 2022. (See SMC 10.58.010). Code Enforcement, including Noise Control and Animal Regulations are located in Chapters 10.62 through 10.74.

Home
Title 07
Chapter 07.10
Section 07.10.070
 

Title 07 Finance

Chapter 07.10 Payment of Warrants – Line of Credit

Section 07.10.070 Non-arbitrage

The City will not invest any of the proceeds of the line of credit or make any use thereof in a manner that would cause the line of credit to be an “arbitrage bond” within the meaning of section 103(c) of the Internal Revenue Code of 1954, as amended, and applicable regulations promulgated thereunder.

Date Passed: Monday, May 7, 2007

Effective Date: Wednesday, June 20, 2007

Recodification ORD C34024 Section 1