RCW 35.92.080
General obligation bonds.
General obligation bonds may be issued by a city or town for the purposes of providing all or part of the costs of purchasing, acquiring, or constructing a public utility or making any additions, betterments, or alterations thereto, or extensions thereof. The bonds shall be issued and sold in accordance with chapter 39.46 RCW.
There shall be levied each year a tax upon the taxable property of the city or town sufficient to pay the interest on and principal of the bonds then due, which taxes shall become due and collectible as other taxes: PROVIDED, That it may pledge to the payment of such principal and interest the revenue of the public utility being acquired, constructed, or improved out of the proceeds of sale of such bonds. Such pledge of revenue shall constitute a binding obligation, according to its terms, to continue the collection of such revenue so long as such bonds or any of them are outstanding, and to the extent that revenues are insufficient to meet the debt service requirements on such bonds, the governing body of the municipality shall provide for the levy of taxes sufficient to meet such deficiency.
[ 1985 c 445 § 12; 1984 c 186 § 23; 1983 c 167 § 67; 1970 ex.s. c 56 § 47; 1969 ex.s. c 232 § 24; 1967 c 107 § 1; 1965 c 118 § 2; 1965 c 7 § 35.92.080. Prior: 1909 c 150 § 3, part; RRS § 9490, part. Formerly RCW 80.40.080.]
NOTES:
Purpose—1984 c 186: See note following RCW 39.46.110.
Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
Structure Revised Code of Washington
Chapter 35.92 - Municipal Utilities.
35.92.012 - May accept and operate water-sewer district's property when boundaries are identical.
35.92.014 - Acquisition of out-of-state waterworks.
35.92.015 - Acquisition of out-of-state waterworks—Joint acquisition and operation.
35.92.021 - Public property subject to rates and charges for stormwater control facilities.
35.92.023 - Solid waste—Compliance with chapter 70A.205 RCW required.
35.92.025 - Authority to make charges for connecting to water or sewerage system—Interest charges.
35.92.030 - Authority to acquire and operate stone or asphalt plants.
35.92.050 - Authority to acquire and operate utilities.
35.92.054 - May acquire electrical distribution property from public utility district.
35.92.060 - Authority to acquire and operate transportation facilities.
35.92.070 - Procedure—Election.
35.92.075 - Indebtedness incurred on credit of expected utility revenues.
35.92.080 - General obligation bonds.
35.92.090 - Limit of indebtedness.
35.92.100 - Revenue bonds or warrants.
35.92.110 - Funding or refunding bonds.
35.92.120 - Funding or refunding bonds—Bonds not general obligation.
35.92.130 - Funding or refunding bonds—Single issue may refund multiple series.
35.92.140 - Funding or refunding bonds—Issuance of bonds—Ordinance.
35.92.150 - Funding or refunding bonds—Terms of bonds.
35.92.160 - Funding or refunding bonds—Recourse of bond owners.
35.92.170 - City may extend water system outside limits.
35.92.180 - City may extend water system outside limits—May acquire property outside city.
35.92.190 - City may extend water system outside limits—Cannot condemn irrigation system.
35.92.200 - City may extend water system outside limits—Contracts for outside service.
35.92.220 - Acquisition of water rights—Consolidation of irrigation assessment districts.
35.92.230 - Acquisition of water rights—Special assessments.
35.92.240 - Acquisition of water rights—Levy of assessments.
35.92.250 - Acquisition of water rights—District property need not be contiguous.
35.92.260 - Acquisition of water rights—Mode of assessment.
35.92.355 - Energy conservation—Legislative findings—Tree plantings.
35.92.365 - Tariff for irrigation pumping service—Authority to buy back electricity.
35.92.395 - Voluntary donations for purpose of supporting hunger programs.
35.92.400 - Provision of water services and facilities—Contract with Canadian corporation.
35.92.410 - Provision of sewer services and facilities—Contract with Canadian corporation.
35.92.420 - Purchase of electric power and energy from joint operating agency.
35.92.430 - Environmental mitigation activities.
35.92.450 - Electrification of transportation plan—Considerations—Incentive programs.