RCW 35.55.110
Payment of cost of improvement—Interest on warrants.
If the improvement contemplated by this chapter is ordered to be made upon the immediate payment plan, the city council shall provide for the payment thereof by the issuance of local improvement fund warrants against the local improvement district, which warrants shall be paid only out of the funds derived from the local assessments in the district and shall bear interest at a rate determined by the city council from date of issuance. If the improvement is ordered to be made upon the bond installment plan, the city council shall provide for the issuance of bonds against the improvement district.
[ 1981 c 156 § 4; 1965 c 7 § 35.55.110. Prior: (i) 1909 c 147 § 12, part; RRS § 9443, part. (ii) 1909 c 147 § 9; RRS § 9440.]
Structure Revised Code of Washington
Chapter 35.55 - Local Improvements—Filling Lowlands.
35.55.010 - Authority—Second-class cities.
35.55.020 - Alternative methods of financing.
35.55.030 - Boundaries—Excepted property.
35.55.040 - Damages—Eminent domain.
35.55.050 - Estimates—Plans and specifications.
35.55.060 - Assessment roll—Items—Assessment units—Installments.
35.55.070 - Hearing on assessment roll—Notice—Council's authority.
35.55.080 - Hearings—Appellate review.
35.55.090 - Lien—Collection of assessments.
35.55.100 - Interest on assessments.
35.55.110 - Payment of cost of improvement—Interest on warrants.
35.55.120 - Local improvement bonds—Terms.
35.55.130 - Local improvement bonds—Guaranties.
35.55.140 - Local improvement bonds and warrants—Sale to pay damages, preliminary financing.
35.55.150 - Local improvement fund—Investment.
35.55.160 - Letting contract for improvement—Excess or deficiency of fund.