RCW 33.24.070
City or district light, water, and sewer revenue bonds.
An association may invest its funds in the revenue bonds of any city, town, district, or political subdivision of this state for the payment of which revenue of the city, town, district or political subdivision utility or revenue producing facility is irrevocably pledged.
It may invest its funds in the light, water, or sewer revenue bonds of any city or other municipal corporation in the United States having a population of not less than fifty thousand inhabitants as determined by the last federal census, which has not defaulted in the payment of interest or principal upon this or any like obligation, including those for which its credit was pledged, within ten years last past, for the payment of which the entire revenue of the city's or other municipal corporation's light, water, or sewer system, less maintenance and operating costs, is irrevocably pledged.
The aggregate of the investments of an association in any issue of such revenue bonds shall at no time exceed five percent of the amount of its savings accounts.
[ 1955 c 126 § 2; 1945 c 235 § 64; Rem. Supp. 1945 § 3717-183. Prior: 1939 c 98 § 11; 1933 c 183 § 56.]
Structure Revised Code of Washington
Title 33 - Washington Savings Association Act
Chapter 33.24 - Loans and Investments.
33.24.005 - "Mortgage" includes deed of trust and real estate contract.
33.24.007 - "Real property" defined.
33.24.010 - Authority to invest—Limits on loans and extensions of credit.
33.24.015 - Loans generally—Limitation.
33.24.020 - Obligations of United States or Canada.
33.24.025 - Investment in investment trusts or companies.
33.24.030 - Obligations of this state.
33.24.040 - Obligations of other states.
33.24.050 - Obligations of municipal corporations in this state.
33.24.060 - Obligations of municipal corporations in any state.
33.24.065 - Obligations issued or guaranteed by multilateral development bank.
33.24.070 - City or district light, water, and sewer revenue bonds.
33.24.080 - Local improvement district bonds.
33.24.090 - Obligations of federal and state agencies—Investment in other associations.
33.24.100 - Loans or other obligations secured by real property.
33.24.115 - Forming, incorporating with, or investing in other entities—Limitation.
33.24.160 - Investment in office equipment and real property interests used in doing business.
33.24.200 - Personal liability on unlawful loans.
33.24.210 - Revenue bonds of public utility districts.
33.24.220 - Stock or bonds of federal home loan bank.
33.24.270 - Stock in small business investment companies.
33.24.295 - Loans for nonbusiness family purposes—Limitation.
33.24.345 - Acquisition of control of association—Authorized.
33.24.350 - Acquisition of control of association—Definitions.
33.24.370 - Acquisition of control of association—Action or proceeding to prevent—Grounds.
33.24.375 - Acquisition of control of association—Application to foreign association branches.