RCW 36.89.100
Stormwater control facilities—Revenue bonds.
(1) Any county legislative authority may authorize the issuance of revenue bonds to finance any stormwater control facility. Such bonds may be issued by the county legislative authority in the same manner as prescribed in RCW 36.67.510 through 36.67.570. Such bonds may be in any form, including bearer bonds or registered bonds as provided in RCW 39.46.030.
Each revenue bond shall state on its face that it is payable from a special fund, naming such fund and the resolution creating the fund.
Revenue bond principal, interest, and all other related necessary expenses shall be payable only out of the appropriate special fund or funds. Revenue bonds shall be payable from the revenues of the stormwater control facility being financed by the bonds, a system of these facilities and, if so provided, from special assessments, installments thereof, and interest and penalties thereon, levied in one or more utility local improvement districts authorized by *this 1981 act.
(2) Notwithstanding subsection (1) of this section, such bonds may be issued and sold in accordance with chapter 39.46 RCW.
[ 1983 c 167 § 100; 1981 c 313 § 20; 1970 ex.s. c 30 § 9.]
NOTES:
*Reviser's note: For codification of "this 1981 act" [1981 c 313], see Codification Tables.
Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
Severability—1981 c 313: See note following RCW 36.94.020.
Structure Revised Code of Washington
Chapter 36.89 - Highways—Open Spaces—Parks—Other Public Facilities—Stormwater Control.
36.89.040 - Issuance of general obligation bonds—Proposition submitted to voters.
36.89.042 - Issuance of general obligation bonds—Payment from revenue—Additional method.
36.89.050 - Participation by other governmental agencies.
36.89.060 - Powers and authority are supplemental.
36.89.062 - Power and authority of counties are supplemental.
36.89.065 - Lien for delinquent charges.
36.89.080 - Stormwater control facilities—Rates and charges—Limitations—Use.
36.89.085 - Stormwater control facilities—Public property subject to rates and charges.
36.89.092 - Stormwater control facilities—Alternative interest rate on delinquent charges.
36.89.093 - Stormwater control facilities—Alternative procedures for lien on delinquent charges.
36.89.100 - Stormwater control facilities—Revenue bonds.
36.89.110 - Stormwater control facilities—Utility local improvement districts—Assessments.