RCW 36.88.460
Underground electric and communication facilities, installation or conversion to—Utility conversion guaranty fund—Establishment authorized—Purpose—Deposits—Investments.
Every county may establish a fund for the purpose of guaranteeing to the extent of such fund and in the manner hereinafter provided, the payment of its county road improvement district bonds and warrants issued to pay for the underground conversion of electric and communication facilities and the underground conversion or installation of ornamental road and street lighting facilities ordered under this chapter. If the board of county commissioners shall determine to establish such fund it shall be designated ". . . . . . utility conversion guaranty fund" and from moneys available such county shall deposit annually in said guaranty fund such sums as may be necessary to establish and maintain a balance therein equal to at least five percent of the outstanding obligations guaranteed thereby and to make necessary provision in its annual budget therefor. The moneys held in the guaranty fund may be invested in certificates, notes, or bonds of the United States of America, or in state, county, municipal or school district bonds, or in warrants of taxing districts of the state; provided, only, that such bonds and warrants shall be general obligations.
[ 1967 c 194 § 6.]
Structure Revised Code of Washington
Chapter 36.88 - County Road Improvement Districts.
36.88.010 - Districts authorized—Purposes.
36.88.015 - Additional purposes.
36.88.020 - Formation of district—How initiated.
36.88.030 - Formation of district—By resolution of intention—Procedure.
36.88.035 - Notice must contain statement that assessments may vary from estimates.
36.88.040 - Formation of district—By resolution of intention—Election—Rules.
36.88.050 - Formation of district—By petition—Procedure.
36.88.060 - Formation of district—Hearing—Resolution creating district.
36.88.065 - Formation of district—Alternative method.
36.88.070 - Diagram only preliminary determination.
36.88.072 - Waivers of protest—Recording—Limits on enforceability.
36.88.074 - Preformation expenditures.
36.88.076 - Credits for other assessments.
36.88.078 - Assessment reimbursement accounts.
36.88.080 - Property included in district—Method of assessment—Assessment limited by benefit.
36.88.085 - Exemption of farm and agricultural land from special benefit assessments.
36.88.090 - Assessment roll—Hearing—Notice—Objections—New hearing.
36.88.100 - Appeal—Reassessment.
36.88.110 - Assessment roll—Conclusive.
36.88.120 - Assessment is lien on property—Superiority.
36.88.130 - County treasurer—Duties.
36.88.140 - Payment of assessment—Delinquent assessments—Penalties—Lien foreclosure.
36.88.145 - Property donations—Credit against assessments.
36.88.150 - Payment of assessment—Record of.
36.88.160 - District fund—Purposes—Bond redemptions.
36.88.170 - Foreclosed property—Held in trust for district.
36.88.180 - Foreclosed property—Sale or lease—Disposition of proceeds.
36.88.190 - Improvement bonds, warrants authorized.
36.88.200 - Improvement bonds—Form, contents, execution.
36.88.210 - Improvement bonds—Issuance—Sale—Deposit of proceeds.
36.88.220 - Improvement bonds—Guaranty fund.
36.88.230 - Improvement bonds—Guaranty fund in certain counties—Operation.
36.88.235 - Improvement bonds—Guaranty fund assets may be transferred to county general fund—When.
36.88.250 - Improvement bonds—Remedies of bond owners—Enforcement.
36.88.260 - Assessment where bonds issued—Payment in installments.
36.88.270 - Assessment where bonds issued—Payment in cash—Notice of assessment.
36.88.290 - Limitation of actions.
36.88.295 - Refunding bonds—Limitations.
36.88.300 - District costs and expenses—What to include.
36.88.305 - District costs and expenses—Credit or reduction of assessments.
36.88.310 - Acquisition of property—Eminent domain.
36.88.320 - Construction or improvement—Supervision—Contracts—Standards.
36.88.330 - Warrants—Issuance—Priority—Acceptance.
36.88.350 - Maintenance—Expense.
36.88.370 - Signatures on petitions, ballots, objections—Determining sufficiency.
36.88.375 - Consolidated road improvement districts—Establishment—Bonds.
36.88.380 - Safeguarding open canals or ditches—Assessments and benefits.
36.88.390 - Safeguarding open canals or ditches—Authority.
36.88.400 - Safeguarding open canals or ditches—Installation and construction—Costs.
36.88.900 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.