There is a newer version of the Revised Code of Washington
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2013 Revised Code of Washington
Title 87 - IRRIGATION
87.28 Revenue bonds for water, power, drains, etc.
87.28.040 Bonds do not constitute general debt of district.


WA Rev Code § 87.28.040 (2013) What's This?

RCW 87.28.040 Bonds do not constitute general debt of district.

Any such bonds, and interest thereon, issued against a special fund as herein provided shall be a valid claim of the owner thereof only as against said special fund or funds and its fixed proportion or amount of the revenue pledged to such fund or funds and shall not constitute a general indebtedness against the issuing irrigation district. Each such bond shall state upon its face that it is payable from a special fund or funds only, naming the special fund or funds and the resolution creating the fund or funds.

[1983 c 167 § 238; 1979 ex.s. c 185 § 12; 1949 c 57 § 5; Rem. Supp. 1949 § 7434-13a.]

Notes:

     Liberal construction -- Severability -- 1983 c 167: See RCW 39.46.010 and note following.

     Effective date -- Severability -- 1979 ex.s. c 185: See notes following RCW 87.03.013.


Disclaimer: These codes may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.