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Home » US Law » 2022 Revised Code of Washington » Title 35 - Cities and Towns » Chapters » Chapter 35.48 - Local Improvements—Nonguaranteed Bonds.

35.48.020 – Use of revolving fund—Maximum bond price.

RCW 35.48.020 Use of revolving fund—Maximum bond price. Any moneys in such revolving fund may be used for the purchase of unpaid delinquent local improvement warrants, or bonds and interest payments, or bonds and interest coupons thereon, issued by the city or town, payable from a local improvement district fund or condemnation award fund, to […]

35.48.030 – Subrogation—Refund of surplus.

RCW 35.48.030 Subrogation—Refund of surplus. The purchase of any such bonds or warrants shall not relieve the local improvement or condemnation award fund from which the same are payable from liability for payment of the same, but the city or town upon purchase thereof shall become subrogated to all the rights of the former owners […]

35.48.040 – Refund to revolving fund.

RCW 35.48.040 Refund to revolving fund. If there are funds in any local improvement district fund or condemnation award fund sufficient to pay or retire any bond or warrant issued and payable from said fund, and the city or town is the owner and holder of the bond or warrant next payable from the fund, […]

35.48.060 – Procedure governed by ordinance.

RCW 35.48.060 Procedure governed by ordinance. All actions of a city or town respecting the purchase of bonds and warrants or sales of bonds, warrants or assets of the revolving fund shall be as directed by general or special ordinance. [ 1965 c 7 § 35.48.060. Prior: 1943 c 244 § 7; Rem. Supp. 1943 […]