39.114.070 – Direct or collateral attacks.
RCW 39.114.070 Direct or collateral attacks. A direct or collateral attack on the designation of the increment area or the allocation of regular property tax revenues in conformance with applicable legal requirements, including this chapter, may not be commenced more than 30 days after adoption of the ordinance as required by RCW 39.114.020. [ 2021 […]
39.114.080 – Revenue bonds—Issuance.
RCW 39.114.080 Revenue bonds—Issuance. (1) A local government may issue revenue bonds to fund revenue-generating public improvements, or portions of public improvements, that are located within an increment area and that it is authorized to provide or operate. Whenever revenue bonds are to be issued, the legislative authority of the local government shall create or […]
39.114.090 – Supplemental nature of chapter.
RCW 39.114.090 Supplemental nature of chapter. This chapter supplements and neither restricts nor limits any powers that the state or any local government might otherwise have under any laws of this state. [ 2021 c 207 § 9.]
39.114.050 – Apportionment of taxes.
RCW 39.114.050 Apportionment of taxes. Apportionment of taxes shall be as follows: (1) Commencing in the calendar year following the passage of the ordinance, the county treasurer shall distribute receipts from regular property taxes imposed on real property located in the increment area as follows: (a) Each taxing district shall receive that portion of its […]
39.114.060 – General indebtedness—Security.
RCW 39.114.060 General indebtedness—Security. (1) A local government designating an increment area may incur general indebtedness, and issue general obligation bonds or notes to finance the public improvements and retire the indebtedness, in whole or in part, from tax allocation revenues it receives. (2) The general indebtedness incurred under subsection (1) of this section may […]
39.112.060 – Apportionment of revenues.
RCW 39.112.060 Apportionment of revenues. (1) Commencing in the calendar year following the passage of the ordinance, the county treasurer must distribute receipts from regular taxes imposed on real property located in the state land improvement financing area to the city. (2) The city may agree to receive less than the full amount of the […]
39.112.070 – General indebtedness—Requirements.
RCW 39.112.070 General indebtedness—Requirements. (1) A city creating a state land improvement financing area and authorizing the use of state land improvement financing may incur general indebtedness, including issuing general obligation bonds, to finance the public improvements and retire the indebtedness in whole or in part from state land improvement financing it receives, subject to […]
39.112.080 – Use of tax revenue for bond repayment.
RCW 39.112.080 Use of tax revenue for bond repayment. A city that issues bonds issued under RCW 39.112.070 to finance public improvements may pledge for the payment of such bonds all or part of any regular property tax revenues derived from the public improvements. [ 2016 c 192 § 8.]
39.112.090 – Limitation on bonds issued.
RCW 39.112.090 Limitation on bonds issued. The bonds issued by a city under RCW 39.112.070 to finance public improvements do not constitute an obligation of the state of Washington, either general or special. [ 2016 c 192 § 9.]
39.114.010 – Definitions.
RCW 39.114.010 Definitions. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) “Assessed value of real property” means the valuation of taxable real property as placed on the last completed assessment roll prepared pursuant to Title 84 RCW. (2) “Increment area” means the geographic area within which regular […]