RCW 57.20.110
Limitation of indebtedness.
A district is authorized and empowered by and through its board of commissioners to contract indebtedness for its purposes, and the maintenance thereof not exceeding one-half of one percent of the value of the taxable property in the district, as the term "value of the taxable property" is defined in RCW 39.36.015.
[ 1996 c 230 § 713; 1970 ex.s. c 42 § 35; 1929 c 114 § 19; RRS § 11596. Cf. 1913 c 161 § 18.]
NOTES:
Part headings not law—Effective date—1996 c 230: See notes following RCW 57.02.001.
Severability—Effective date—1970 ex.s. c 42: See notes following RCW 39.36.015.
Limitation on municipal corporation indebtedness: State Constitution Art. 8 § 6.
Structure Revised Code of Washington
Title 57 - Water-Sewer Districts
57.20.010 - General obligation bonds—Term—Issuance—Excess bond retirement levies.
57.20.015 - Refunding general obligation bonds.
57.20.018 - Revenue bonds authorized—Use.
57.20.0181 - Additional revenue bonds for increased cost of improvements.
57.20.019 - Additions and betterments.
57.20.020 - Revenue bonds—Special fund.
57.20.025 - Refunding revenue bonds.
57.20.027 - Revenue warrants and revenue bond anticipation warrants.
57.20.028 - Warrants, when authorized—Procedure.
57.20.030 - Local improvement guaranty fund.
57.20.080 - Guaranty fund—Subrogation of district as trustee.
57.20.090 - Rights and remedies of bond owner.
57.20.105 - Vote on general indebtedness.
57.20.110 - Limitation of indebtedness.
57.20.120 - Additional indebtedness—Ballot proposition.
57.20.130 - Bonds—Payment of interest.
57.20.135 - Treasurer—Designation—Approval—Powers and duties—Bond.
57.20.140 - Maintenance or general fund and special funds.
57.20.160 - Maintenance or general fund and special funds—Deposits and investments.