RCW 85.08.470
District funds.
There shall be established in the county treasury of any county in which any drainage or diking or sewerage improvement is established under the provisions of this chapter, appropriate funds as follows:
(1) The construction fund, into which shall be paid the proceeds of all bonds or warrants sold and the proceeds of all assessments paid prior to the sale of bonds or warrants. In case no bonds have been issued or warrants have been sold, the proceeds of all assessments levied to pay the cost of construction shall be paid into such fund. All warrants including temporary warrants, issued in payment of cost of construction shall be paid out of such fund.
(2) A fund for the redemption of all bonds issued or warrants sold, to be known as the redemption fund, into which shall be paid all proceeds derived from assessments levied to pay cost of construction which shall not have been paid prior to the sale of bonds or warrants, in case bonds have been issued or warrants sold, and also all moneys, if any, remaining in the construction fund after the payment of all warrants drawn against it as above provided. The redemption fund shall be applied, first, to the payment of the interest due upon all such outstanding bonds issued or warrants sold and, second, to the payment of the principal thereof. After the payment of the principal and interest of all such bonds or warrants, the balance, if any, remaining in such fund shall be applied to the payment of any warrants outstanding, including temporary warrants, which may have been issued in payment of cost of construction which for any reason may remain unpaid. Any balance, if any, thereafter remaining shall be paid into the maintenance fund.
(3) The maintenance fund, into which shall be paid the proceeds of all assessments for maintenance, and all other funds received by the district which are not required by the provisions of this chapter to be paid into the construction fund or the redemption fund.
[1923 c 46 § 11, part; 1917 c 130 § 33; 1913 c 176 § 31; RRS § 4439-1.]
Structure Revised Code of Washington
Title 85 - Diking and Drainage
Chapter 85.08 - Diking, Drainage, and Sewerage Improvement Districts.
85.08.015 - Certain powers and rights governed by chapter 85.38 RCW.
85.08.190 - Eminent domain—Consolidation of actions.
85.08.200 - Verdict to fix damages and benefits—Judgment.
85.08.210 - Warrant for damages.
85.08.220 - Construction to be directed, when.
85.08.230 - Levy for preliminary expenses—Collection—"Preliminary expenses" defined.
85.08.285 - Special assessment bonds.
85.08.300 - Supervisors—Election—Duties.
85.08.305 - Supervisors—Terms of office—County engineer to act as supervisor.
85.08.310 - Construction of improvements—Contracts with United States.
85.08.340 - Crossing roads or public utilities—Procedure—Costs.
85.08.360 - Total costs—Apportionment—Board of appraisers.
85.08.375 - Benefits to state lands—Apportionment of costs.
85.08.380 - Benefits to and protection from irrigation system.
85.08.385 - Drainage ditches along highway, etc.
85.08.390 - Schedule of property and benefits—Filing.
85.08.400 - Hearing on schedule—Notice—Levy of assessment—State lands.
85.08.410 - Schedule approved or modified—Maintenance assessment.
85.08.420 - Assessment roll—Form—Notice—Publication.
85.08.430 - Payment of assessments—Interest—Lien.
85.08.440 - Appeal from apportionment—Procedure—Appellate review.
85.08.450 - Regularity and validity of proceedings conclusive.
85.08.460 - District liable on judgments—Supplemental levy.
85.08.480 - Collection of assessments—Certificates of delinquency—Foreclosure.
85.08.490 - Title acquired at sale—Foreclosure for general taxes—Lien of assessments preserved.
85.08.500 - Resale or lease by county—Disposition of proceeds—Tax statements.
85.08.510 - Invalid levy—Reassessment.
85.08.520 - Supplemental assessments.
85.08.530 - Levies against county, city or town, how paid.
85.08.540 - Abandonment or change in system—Subdistricts.
85.08.560 - Extension of existing system—Apportionment of cost.
85.08.565 - Special assessments—Budgets—Alternative methods.
85.08.570 - Districts in two or more counties—Notice—Hearings.
85.08.630 - Waters developed—Defined—Disposal of.
85.08.640 - Waters developed—Contracts for use and sale.
85.08.650 - Waters developed—Application for use.
85.08.660 - Waters developed—Notice of hearing—Form of application—Bond.
85.08.670 - Prosecuting attorney—Duties.
85.08.680 - Rules and regulations.
85.08.690 - Penalty for injury to or interference with improvement.
85.08.820 - Drainage bonds owned by state—Cancellation of interest and assessments—Levy omitted.
85.08.830 - Merger of improvement district with irrigation district—Authorized.
85.08.850 - Merger of improvement district with irrigation district—Petition—Signing—Presentation.
85.08.890 - Merger of improvement district with irrigation district—Prior indebtedness.
85.08.900 - Alternative methods of formation of improvement districts.