Washington § 86.09.595 Utility revenue bonds—Limited obligation—Payment from special fund.

Washington Statutes

§ 86.09.595 — Utility revenue bonds—Limited obligation—Payment from special fund.

Washington § 86.09.595

Title 86FLOOD CONTROL

Ch. 86.09FLOOD CONTROL DISTRICTS—1937 ACT

This text of Washington § 86.09.595 (Utility revenue bonds—Limited obligation—Payment from special fund.) 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 § 86.09.595 (2026).

Text

Bonds payable from the utility bond fund shall not be an obligation of the district and they shall state on their face that they are payable solely from a special fund derived from a certain fixed proportion (naming it) of the gross income derived by the district from the sale or lease of water or from other service, as the case may be, and such fixed proportion of such gross income shall be irrevocably devoted to the payment of such bonds with interest until the same are fully paid.

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Bonds payable from the utility bond fund shall not be an obligation of the district and they shall state on their face that they are payable solely from a special fund derived from a certain fixed proportion (naming it) of the gross income derived by the district from the sale or lease of water or from other service, as the case may be, and such fixed proportion of such gross income shall be irrevocably devoted to the payment of such bonds with interest until the same are fully paid.