RCW 35.23.505
Local improvement guaranty fund—Investment in city's own guaranteed bonds.
The city treasurer of any second-class city, by and with the consent of the city council or finance committee of the city council, may invest any portion of its local improvement guaranty fund in the city's own guaranteed local improvement bonds in an amount not to exceed ten percent of the total issue of bonds in any one local improvement district: PROVIDED, That no such investment shall be made in an amount which will affect the ability of the local improvement guaranty fund to meet its obligations as they accrue, and that if all the bonds have the same maturity, the bonds having the highest numbers shall be purchased.
The interest received shall be credited to the local improvement guaranty fund.
[ 1994 c 81 § 48; 1965 c 7 § 35.24.400. Prior: 1941 c 145 § 2; RRS § 9138-2. Formerly RCW 35.24.400.]
NOTES:
Local improvements
bonds and warrants: Chapter 35.45 RCW.
nonguaranteed bonds: Chapter 35.48 RCW.
Structure Revised Code of Washington
Chapter 35.23 - Second-Class Cities.
35.23.010 - Rights, powers, and privileges—Exchange of park purpose property.
35.23.021 - City officers enumerated—Compensation—Appointment and removal.
35.23.031 - Eligibility to hold elective office.
35.23.051 - Elections—Terms of office—Positions and wards.
35.23.081 - Oath and bond of officers.
35.23.091 - Compensation of officers—Expenses—Nonstate pensions.
35.23.111 - City attorney—Duties.
35.23.121 - City clerk—Duties—Deputies.
35.23.131 - City treasurer—Duties.
35.23.134 - Association of sheriffs and police chiefs.
35.23.141 - Duty of officers collecting moneys.
35.23.142 - Combination of offices of treasurer with clerk—Authorized.
35.23.144 - Combination of offices of treasurer with clerk—Powers of clerk.
35.23.146 - Combination of offices of treasurer with clerk—Powers of treasurer.
35.23.161 - Chief of police and police department.
35.23.170 - Park commissioners.
35.23.181 - City council—Oath—Meetings.
35.23.191 - City council—Mayor pro tempore.
35.23.201 - City council—Meetings—Journal.
35.23.211 - Ordinances—Style—Requisites—Veto.
35.23.221 - Ordinances—Publication—Summary—Public notice of hearings and meeting agendas.
35.23.251 - Ordinances granting franchises—Requisites.
35.23.261 - Audit and allowance of demands against city.
35.23.270 - City council—Quorum—Rules—Journal, etc.
35.23.290 - City council—Entry of ayes and noes on journal.
35.23.325 - Payment of claims and obligations by warrant or check.
35.23.330 - Limitation on allowance of claims, warrants, etc.
35.23.371 - Taxation—Street poll tax.
35.23.380 - Exclusive franchises prohibited.
35.23.410 - Leasing of street ends on waterfront.
35.23.420 - Notice of lease to be published before execution.
35.23.430 - Railroads in streets to be assessed for street improvement.
35.23.440 - Specific powers enumerated.
35.23.442 - City and town license fees and taxes on financial institutions.
35.23.452 - Additional powers—Acquisition, control, and disposition of property.
35.23.454 - Additional powers—Parking meter revenue for revenue bonds.
35.23.455 - Additional powers—Construction and operation of boat harbors, marinas, docks, etc.
35.23.456 - Additional powers—Ambulances and first aid equipment.
35.23.457 - Conveyance or lease of space above real property or structures or improvements.
35.23.460 - Employees' group insurance—False arrest insurance.
35.23.490 - Limitations on use of publicity fund.
35.23.505 - Local improvement guaranty fund—Investment in city's own guaranteed bonds.
35.23.515 - Utilities—City may contract for service or construct own facilities.
35.23.525 - Utilities—Method of acquisition—Bonds.
35.23.535 - Utilities—Maintenance and operation—Rates.
35.23.545 - Procedure to attack consolidation or annexation of territory.
35.23.560 - Waterworks—Construction by city or by district assessments.
35.23.570 - Waterworks—Plans—Special assessments.
35.23.580 - Waterworks—Procedure—Bonds.
35.23.680 - Cities of ten thousand or more may frame charter without changing classification.
35.23.705 - Purchase of electric power and energy from joint operating agency.
35.23.800 - Code city retaining former second-class city plan—Elective officers.
35.23.805 - Code city retaining former second-class city plan—Elections—Terms of office.
35.23.810 - Code city retaining former second-class city plan—Mayor—General duties.
35.23.815 - Code city retaining former second-class city plan—Appointive officers.
35.23.820 - Code city retaining former second-class city plan—Health officer.
35.23.825 - Code city retaining former second-class city plan—Street commissioner.
35.23.830 - Code city retaining former second-class city plan—Appointment of officers—Confirmation.
35.23.835 - Code city retaining former second-class city plan—Oath and bond of officers.
35.23.840 - Code city retaining former second-class city plan—City council—How constituted.
35.23.850 - Code city retaining former second-class city plan—Wards—Division of city into.
35.23.860 - Telecommunications services and facilities authorized—Requirements.