RCW 39.104.120
Use of tax revenue for bond repayment.
A sponsoring local government that issues bonds under RCW 39.104.110 to finance public improvements may pledge for the payment of such bonds all or part of any local property tax allocation revenues derived from the public improvements. The sponsoring local government may also pledge all or part of any revenues derived from taxes imposed under RCW 82.14.510 and held in connection with the public improvements. All of such tax revenues are subject to the use restriction in RCW 82.14.515.
[ 2009 c 270 § 702.]
Structure Revised Code of Washington
Title 39 - Public Contracts and Indebtedness
Chapter 39.104 - Local Revitalization Financing.
39.104.040 - Creation of revitalization area.
39.104.050 - Limitations on revitalization areas.
39.104.090 - Local sales and use tax increments.
39.104.100 - Application process—Approval of project awards by the approving agency.
39.104.110 - Issuance of general obligation bonds.
39.104.120 - Use of tax revenue for bond repayment.
39.104.130 - Limitation on bonds issued.