Washington Statutes
§ 35.23.505 — Local improvement guaranty fund—Investment in city's own guaranteed bonds.
Washington § 35.23.505
This text of Washington § 35.23.505 (Local improvement guaranty fund—Investment in city's own guaranteed bonds.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 35.23.505 (2026).
Text
The city treasurer of any second-class city, by and with the consent of the city council or finance committee of the city council, may invest any portion of its local improvement guaranty fund in the city's own guaranteed local improvement bonds in an amount not to exceed ten percent of the total issue of bonds in any one local improvement district: PROVIDED, That no such investment shall be made in an amount which will affect the ability of the local improvement guaranty fund to meet its obligations as they accrue, and that if all the bonds have the same maturity, the bonds having the highest numbers shall be purchased.
The interest received shall be credited to the local improvement guaranty fund.
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Legislative History
[1994 c 81 s 48;1965 c 7 s 35.24.400. Prior:1941 c 145 s 2; RRS s 9138-2. Formerly RCW35.24.400.]
Nearby Sections
15
§ 35.01.010
First-class city.§ 35.01.020
Second-class city.§ 35.01.040
Town.§ 35.02.005
Purpose.§ 35.02.010
Authority for incorporation—Number of inhabitants required.(Effective until June 30, 2028.)§ 35.02.030
Petition for incorporation—Contents.§ 35.02.035
Petition—Auditor's duties.§ 35.02.037
Petition—Notice of certification.§ 35.02.039
Public hearing—Time limitations.§ 35.02.040
Public hearing—Publication of notice.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 35.23.505, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/35.23.505.