RCW 52.16.061
General obligation bonds—Issuance—Limitations.
The board of fire commissioners of the district shall have authority to contract indebtedness and to refund same for any general district purpose, including expenses of maintenance, operation and administration, and the acquisition of firefighting facilities, and evidence the same by the issuance and sale of general obligation bonds of the district payable at such time or times not longer than twenty years from the issuing date of the bonds. Such bonds shall be issued and sold in accordance with chapter 39.46 RCW. Such bonds shall not exceed an amount, together with any outstanding nonvoter approved general obligation indebtedness, equal to three-eighths of one percent of the value of the taxable property within the fire protection district, as the term "value of the taxable property" is defined in RCW 39.36.015.
[ 1993 c 231 § 1; 1984 c 186 § 39; 1983 c 167 § 122; 1970 ex.s. c 56 § 66; 1969 ex.s. c 232 § 89; 1955 c 134 § 2; 1953 c 176 § 3.]
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.
Purpose—1970 ex.s. c 56: See note following RCW 39.52.020.
Validation—Saving—Severability—1969 ex.s. c 232: See notes following RCW 39.52.020.
Structure Revised Code of Washington
Title 52 - Fire Protection Districts
52.16.030 - Budget for each fund—Biennial budget authority.
52.16.040 - Tax levies—Assessment roll—Collection.
52.16.050 - Disbursal of funds—Issuance of warrants—Monthly reports.
52.16.061 - General obligation bonds—Issuance—Limitations.
52.16.070 - Obligations shall not exceed taxes, revenues, and cash balances—Exceptions.
52.16.080 - Bonds may be issued for capital purposes—Excess property tax levies.
52.16.130 - General levy authorized—Limit—Excess levy at special election.
52.16.140 - General levy may exceed limit—When.
52.16.150 - Donations and bequests to district.