RCW 57.20.150
Maintenance or general fund and special funds—Use of surplus in maintenance or general fund.
Whenever a district has accumulated money in the maintenance fund or general fund of the district in excess of the requirements of that fund, the board of commissioners may in its discretion use any of that surplus money for any of the following purposes: (1) Redemption or servicing of outstanding obligations of the district; (2) maintenance expenses of the district; (3) construction or acquisition of any facilities necessary to carry out the purposes of the district; or (4) any other proper district purpose.
[ 1996 c 230 § 718; 1959 c 108 § 15.]
NOTES:
Part headings not law—Effective date—1996 c 230: See notes following RCW 57.02.001.
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.