(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.