2005 Washington Revised Code RCW 39.88.080: Application of tax allocation revenues.

Tax allocation revenues may be applied as follows:

     (1) To pay public improvement costs;

     (2) To pay principal of and interest on, and to fund any necessary reserves for, tax allocation bonds;

     (3) To pay into bond funds established to pay the principal of and interest on general obligation bonds issued pursuant to law to finance public facilities that are specified in the public improvement ordinance and constructed following the establishment of and within the apportionment district; or

     (4) To pay any combination of the foregoing.

[1982 1st ex.s. c 42 § 9.]