RCW 35.27.510
Utilities—Transfer of part of net earnings to current expense fund.
When any special fund of a public utility department of a town has retired all bond and warrant indebtedness and is on a cash basis, if a reserve or depreciation fund has been created in an amount satisfactory to the state auditor and if the fixing of the rates of the utility is governed by contract with the supplier of water, electrical energy, or other commodity sold by the town to its inhabitants, and the rates are at the lowest possible figure, the town council may set aside such portion of the net earnings of the utility as it may deem advisable and transfer it to the town's current expense fund: PROVIDED, That no amount in excess of fifty percent of the net earnings shall be so set aside and transferred except with the unanimous approval of the council and mayor.
[ 1995 c 301 § 38; 1965 c 7 § 35.27.510. Prior: 1939 c 96 § 1; 1929 c 98 § 1; RRS § 9185-1.]
Structure Revised Code of Washington
35.27.010 - Rights, powers, and privileges.
35.27.030 - Uncertain boundaries—Petition—Request for examination.
35.27.040 - Duty of county commissioners.
35.27.060 - Expense of proceedings.
35.27.070 - Town officers enumerated.
35.27.080 - Eligibility to hold elective office.
35.27.090 - Elections—Terms of office.
35.27.100 - Conduct of elections.
35.27.120 - Oath and bond of officers.
35.27.130 - Compensation of officers and employees—Expenses—Nonstate pensions—Limitations.
35.27.160 - Mayor—Duties—Powers—Mayor pro tempore.
35.27.170 - Town treasurer—Duties.
35.27.180 - Treasurer and clerk may be combined.
35.27.190 - Effect of consolidation of offices.
35.27.200 - Abandonment of consolidation.
35.27.210 - Duty of officers collecting moneys.
35.27.220 - Town clerk—Duties.
35.27.230 - Records to be kept by clerk.
35.27.240 - Town marshal—Police department.
35.27.250 - Town attorney—Duties.
35.27.260 - Park commissioners.
35.27.270 - Town council—Oath—Meetings.
35.27.280 - Town council—Quorum—Rules—Journal.
35.27.290 - Ordinances—Style—Signatures.
35.27.300 - Ordinances—Publication—Summary—Public notice of hearings and meeting agendas.
35.27.310 - Ordinances—Clerk to keep book of ordinances.
35.27.330 - Ordinances granting franchises—Requisites.
35.27.340 - Audit and allowance of demands against town.
35.27.345 - Payment of claims and obligations by warrant or check.
35.27.350 - Contract for town printing.
35.27.362 - Contracts, purchases, advertising—Call for bids—Exceptions.
35.27.370 - Specific powers enumerated.
35.27.372 - City and town license fees and taxes on financial institutions.
35.27.375 - Additional powers—Parking meter revenue for revenue bonds.
35.27.380 - Additional powers—Eminent domain.
35.27.385 - Additional powers—Construction and operation of boat harbors, marinas, docks, etc.
35.27.390 - Employees' group insurance.
35.27.400 - Fire limits—Parks.
35.27.500 - Taxation—Street poll tax.
35.27.510 - Utilities—Transfer of part of net earnings to current expense fund.
35.27.550 - Off-street parking space and facilities—Authorized—Declared public use.
35.27.560 - Off-street parking space and facilities—Financing.
35.27.570 - Off-street parking space and facilities—Acquisition and disposition of real property.
35.27.580 - Off-street parking space and facilities—Operation—Lease.
35.27.590 - Off-street parking space and facilities—Hearing prior to establishment.
35.27.600 - Off-street parking space and facilities—Construction.
35.27.610 - Purchase of electric power and energy from joint operating agency.
35.27.620 - Telecommunications services and facilities authorized—Requirements.