RCW 35.81.120
Property of municipality exempt from process and taxes.
(1) All property of a municipality, including funds, owned or held by it for the purposes of this chapter, shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall judgment against a municipality be a charge or lien upon such property: PROVIDED, That the provisions of this section shall not apply to, or limit the right of, obligees to pursue any remedies for the enforcement of any pledge or lien given pursuant to this chapter by a municipality on its rents, fees, grants, or revenues from community renewal projects.
(2) The property of a municipality, acquired or held for the purposes of this chapter, is declared to be public property used for essential public and governmental purposes and such property shall be exempt from all taxes of the municipality, the county, the state, or any political subdivision thereof: PROVIDED, That such tax exemption shall terminate when the municipality sells, leases, or otherwise disposes of such property in a community renewal area to a purchaser or lessee that is not a public body or other organization normally entitled to tax exemption with respect to such property.
[ 2002 c 218 § 15; 1965 c 7 § 35.81.120. Prior: 1957 c 42 § 12.]
NOTES:
Severability—Savings—Construction—2002 c 218: See notes following RCW 35.81.005.
Structure Revised Code of Washington
Chapter 35.81 - Community Renewal Law.
35.81.005 - Declaration of purpose and necessity.
35.81.030 - Encouragement of private enterprise.
35.81.040 - Formulation of workable program.
35.81.050 - Findings by local governing body required—Exercise of community renewal agency powers.
35.81.060 - Comprehensive plan—Preparation—Hearing—Approval—Modification—Effect.
35.81.070 - Powers of municipality.
35.81.090 - Acquisition, disposal of real property in community renewal area.
35.81.095 - Selection of person to undertake redevelopment or rehabilitation of real property.
35.81.100 - Bonds—Issuance—Form, terms, payment, etc.—Fund for excess property tax, excise tax.
35.81.110 - Bonds as legal investment, security.
35.81.115 - General obligation bonds authorized.
35.81.120 - Property of municipality exempt from process and taxes.
35.81.130 - Powers of public bodies.
35.81.140 - Conveyance to purchaser, etc., presumed to be in compliance with chapter.
35.81.150 - Exercise of community renewal project powers.
35.81.170 - Discrimination prohibited.
35.81.190 - Local improvement districts—Establishment—Special assessments—Bonds.