Washington § 35A.34.220 Funds received from sales of bonds and warrants—Expenditures program—Federal tax law.

Washington Statutes

§ 35A.34.220 — Funds received from sales of bonds and warrants—Expenditures program—Federal tax law.

Washington § 35A.34.220

Title 35AOPTIONAL MUNICIPAL CODE

Ch. 35A.34BIENNIAL BUDGETS

This text of Washington § 35A.34.220 (Funds received from sales of bonds and warrants—Expenditures program—Federal tax law.) 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 § 35A.34.220 (2026).

Text

Moneys received from the sale of bonds or warrants must be used for no other purpose than that for which they were issued. If any unexpended fund balance remains from the proceeds realized from the bonds or warrants after the accomplishment of the purpose for which they were issued, it must be used for the payment of principal of or interest on such indebtedness consistent with applicable provisions of federal tax law. Where a budget contains an expenditure program to be partially or wholly financed from a bond issue to be authorized thereafter, expenditures of amounts anticipated to be reimbursed from the proceeds of the issuance and sale of such bonds must be made or incurred consistent with any applicable federal tax law requirements.

Application to previously issued bonds — 2011 c 210

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Moneys received from the sale of bonds or warrants must be used for no other purpose than that for which they were issued. If any unexpended fund balance remains from the proceeds realized from the bonds or warrants after the accomplishment of the purpose for which they were issued, it must be used for the payment of principal of or interest on such indebtedness consistent with applicable provisions of federal tax law. Where a budget contains an expenditure program to be partially or wholly financed from a bond issue to be authorized thereafter, expenditures of amounts anticipated to be reimbursed from the proceeds of the issuance and sale of such bonds must be made or incurred consistent with any applicable federal tax law requirements.

Application to previously issued bonds — 2011 c 210: See note following RCW 39.46.040 .