City of Spokane

Spokane Municipal Code

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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

May 5, 2024