Washington Statutes
§ 87.03.492 — Local improvement districts—Bonds, valid claim—General indebtedness.
Washington § 87.03.492
This text of Washington § 87.03.492 (Local improvement districts—Bonds, valid claim—General indebtedness.) 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 § 87.03.492 (2026).
Text
Any local improvement district bonds, and interest thereon, issued against a bond redemption fund of a local improvement district pursuant to RCW 87.03.485 shall be a valid claim of the owner thereof only as against the local improvement guarantee fund, the local improvement district redemption fund, and the assessments or revenues pledged to such fund or funds and do not constitute a general indebtedness against the issuing irrigation district unless the board of directors by resolution expressly provides for a pledge of general indebtedness. Except where the board provides for a pledge of general indebtedness, each such bond must state upon its face that it is payable from the local improvement district redemption fund and the local improvement guarantee fund only.
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Related
§ 87.03.485
Washington § 87.03.485
Legislative History
[2013 c 177 s 1.]
Nearby Sections
15
§ 87.03.005
District proposed—Powers, when organized.§ 87.03.013
Development of hydroelectric generation capabilities—Legislative finding, intent—Limitation.§ 87.03.0155
Contract and formation powers.§ 87.03.019
Cooperative watershed management.§ 87.03.031
Absentee voting.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 87.03.492, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/87.03.492.