RCW 87.03.837
Hydroelectric resources—Separate legal authority—Repayment of indebtedness—Powers.
A separate legal authority shall only have power to incur indebtedness that is repayable from rates, tolls, charges, or contract payments for services or electricity provided by the authority and to pledge such revenues for the payment and retirement of indebtedness issued for the construction or acquisition of hydroelectric facilities. An authority shall not have power to levy taxes or to impose assessments for the payment of obligations of the authority. Every bond or other evidence of indebtedness issued by an authority shall provide (1) that repayment shall be limited solely to the revenues of the authority, and (2) that no member of the authority shall be obligated to repay directly or indirectly any obligation of the authority except to the extent of fair value for services actually received from the authority. No member may pledge its revenues to support the issuance of revenue bonds or other indebtedness of an authority. This section shall not be construed to prohibit members of an authority from paying the necessary expenses of organizing and administering the authority and of studies performed, applications prepared, and consultants retained with regard to projects the authority is studying, developing, constructing, or operating.
[ 1983 c 47 § 6.]
NOTES:
Severability—1983 c 47: See note following RCW 87.03.825.
Structure Revised Code of Washington
Chapter 87.03 - Irrigation Districts Generally.
87.03.001 - Actions subject to review by boundary review board—Exceptions.
87.03.005 - District proposed—Powers, when organized.
87.03.010 - Certain purposes for which district may be formed.
87.03.015 - Certain powers of district enumerated.
87.03.0155 - Contract and formation powers.
87.03.016 - District may provide street lighting—Limitations.
87.03.0175 - District assistance for conservation, improvement, preservation, and efficient use.
87.03.018 - Creation of legal authority to carry out powers—Method—Indebtedness.
87.03.019 - Cooperative watershed management.
87.03.020 - Organization of district—Petition—Bond—Notice—Hearing—Order—Notice of election.
87.03.025 - State lands situated in or taken into district—Procedure—Assessments, collection.
87.03.030 - Elections are governed by irrigation district laws.
87.03.031 - Absentee voting—Certification of inconvenience.
87.03.035 - Elections to form district—How conducted.
87.03.040 - Elections to form district—Canvass of returns—Order.
87.03.045 - Qualifications of voters and directors—Districts of two hundred thousand acres.
87.03.071 - Certain districts—Individual ownerships—Two votes.
87.03.080 - Directors—Election—Terms—Increase and decrease.
87.03.081 - Directors—Vacancies, how filled.
87.03.082 - Directors—Oaths of office—Secretary.
87.03.083 - Directors—Recall and discharge.
87.03.085 - Post-organization district elections—Election boards—Notice.
87.03.090 - Post-organization district elections—Election officers—Voting hours.
87.03.095 - Post-organization district elections—Counting votes—Record of ballots.
87.03.100 - Post-organization district elections—Certification of returns—Preservation for recount.
87.03.105 - Post-organization district elections—Canvass.
87.03.115 - Organization of board—Meetings—Quorum—Certain powers and duties.
87.03.130 - District change of name.
87.03.135 - Sale or lease of district personal property.
87.03.136 - Sale or lease of district real property.
87.03.139 - Lawful disposal of sewage and waste by others—Immunity.
87.03.140 - Board's powers and duties generally—Condemnation procedure.
87.03.145 - Condemnation—Finding of benefits and damages—Judgment—Costs.
87.03.150 - Condemnation—Title acquired by district.
87.03.155 - Conveyances—Actions by and against district.
87.03.158 - Officers, employees, agents—Legal representation—Costs of defense.
87.03.160 - Group insurance—Purchase.
87.03.162 - Liability insurance for officials and employees.
87.03.165 - Proposed works—Surveys, maps and plans to be prepared.
87.03.170 - Proposed works—Certification filed with director of ecology.
87.03.175 - Proposed works—Director's findings to district board.
87.03.180 - Proposed works—Substance of director's findings.
87.03.185 - Proposed works—Reclamation Service may make findings.
87.03.190 - Proposed works—Plan of development—Special election.
87.03.195 - Proposed works—Certain irrigation districts excepted.
87.03.205 - Sections exclusive of other bonding methods—Validation.
87.03.210 - Sale or pledge of bonds.
87.03.215 - Payment of bonds and interest, other indebtedness—Lien, enforcement of—Scope of section.
87.03.235 - Rights of federal agencies as to certain district bonds.
87.03.240 - Assessments, how and when made—Assessment roll.
87.03.245 - Deputy secretaries for assessment.
87.03.250 - Assessment roll to be filed—Notice of equalization.
87.03.255 - Equalization of assessments.
87.03.260 - Levies, amount—Special funds—Failure to make levy, procedure.
87.03.265 - Lien of assessment.
87.03.271 - Lien for delinquent assessment to include costs and interest.
87.03.275 - Medium of payment of assessments.
87.03.277 - Payment by credit cards, charge cards, and other electronic communication.
87.03.280 - Cancellation of assessments due United States—Procedure.
87.03.285 - Segregation of assessment—Authorization.
87.03.290 - Segregation of assessment—Hearing.
87.03.295 - Segregation of assessment—Notice of hearing.
87.03.300 - Segregation of assessment—Order.
87.03.305 - Segregation of assessment—Amendment of roll—Effect.
87.03.420 - Evidence of assessment, what is.
87.03.430 - Bonds—Interest payments.
87.03.435 - Construction work—Notice—Bids—Contracts—Bonds.
87.03.436 - Small works roster.
87.03.437 - Competitive bids—Use of purchase contract process in RCW 39.04.190.
87.03.438 - "County treasurer," "treasurer of the county," defined.
87.03.442 - Bonds of secretary and depositaries.
87.03.443 - Upgrading and improvement fund authorized—Deposits—Use of funds.
87.03.450 - Income from sale of electricity.
87.03.455 - District's right to cross other property.
87.03.460 - Compensation and expenses of directors, officers, employees.
87.03.470 - Special assessments—Election—Notes.
87.03.475 - Power as to incurring indebtedness.
87.03.480 - Local improvement districts—Petition.
87.03.485 - Local improvement districts—Notice—Hearing—Initiation by board, procedure.
87.03.492 - Local improvement districts—Bonds, valid claim—General indebtedness.
87.03.495 - Local improvement districts—Costs of the improvement—Assessments—Disposal of bonds.
87.03.500 - Local improvement districts—Payment of bonds.
87.03.505 - Local improvement districts—L.I.D. unable to pay costs—Survey—Reassessments.
87.03.510 - Local improvement districts—Irrigation district L.I.D. guarantee fund.
87.03.515 - Local improvement districts—Refunding bonds.
87.03.525 - Local improvement districts—Provisions applicable to districts formerly organized.
87.03.527 - Local improvement districts—Alternative methods of formation.
87.03.535 - Consolidation of irrigation districts—Proceedings for consolidation—Elections.
87.03.545 - Consolidation of irrigation districts—Obligations of included districts unaffected.
87.03.550 - Consolidation of irrigation districts—Property vested in new district—Credit.
87.03.553 - Consolidated local improvement districts for bond issuance.
87.03.555 - Change of boundaries authorized—Effect.
87.03.560 - Adding lands to district—Petition, contents—Acknowledgment.
87.03.565 - Adding lands to district—Notice—Contents—Service.
87.03.570 - Adding lands to district—Hearing—Assent.
87.03.575 - Adding lands to district—Payment for benefits received required.
87.03.580 - Adding lands to district—Order.
87.03.585 - Adding lands to district—Resolution.
87.03.590 - Adding lands to district—Election—Notice—How conducted.
87.03.595 - Adding lands to district—Order changing boundaries—Record.
87.03.600 - Adding lands to district—Change of boundaries recorded—Effect.
87.03.605 - Adding lands to district—Petition to be recorded—Admissible as evidence.
87.03.610 - Adding lands to district—Guardian, administrator or executor may act.
87.03.615 - Adding lands to districts of two hundred thousand acres—Petition.
87.03.625 - Adding lands to districts of two hundred thousand acres—Contents of notice.
87.03.630 - Adding lands to districts of two hundred thousand acres—Hearing—Order including lands.
87.03.635 - Adding lands to districts of two hundred thousand acres—Denial of petition.
87.03.640 - Adding lands to districts of two hundred thousand acres—Order filed—Effect.
87.03.645 - Exclusion of lands from district—Effect.
87.03.650 - Exclusion of lands from district—Petition to exclude lands—Contents.
87.03.655 - Exclusion of lands from district—Notice—Contents—Service.
87.03.660 - Exclusion of lands from district—Hearing—Assent.
87.03.665 - Exclusion of lands from district—Order denying or granting petition.
87.03.670 - Exclusion of lands from district—Assent of bondholders.
87.03.675 - Exclusion of lands from district—Order for election—Notice—Conduct of election.
87.03.680 - Exclusion of lands from district—Procedure following election—Order of exclusion.
87.03.685 - Exclusion of lands from district—Orders to be recorded—Effect.
87.03.695 - Exclusion of lands from district—Refunds—Cancellation of assessments.
87.03.700 - Connecting system to lower drainage district—Procedure.
87.03.705 - Connecting system to lower drainage district—Negative finding by jury or court.
87.03.715 - Connecting system to lower drainage district—Increased maintenance costs.
87.03.750 - Exclusion of nonirrigable land when state holds all outstanding bonds—Resolution.
87.03.780 - Proceedings for judicial confirmation—Authorization.
87.03.785 - Proceedings for judicial confirmation—Petition—Contents.
87.03.790 - Proceedings for judicial confirmation—Notice of hearing.
87.03.795 - Proceedings for judicial confirmation—Demurrer or answer—Procedure.
87.03.800 - Proceedings for judicial confirmation—Jurisdiction of court—Order—Costs.
87.03.805 - Proceedings for judicial confirmation—Appeal.
87.03.810 - Lump sum payment to district for irrigable lands acquired for highway purposes.
87.03.820 - Disposal of real property—Right of adjacent owners.
87.03.825 - Hydroelectric resources—Development—Legislative findings.
87.03.834 - Hydroelectric resources—Separate legal authority—Voter ratification of actions.
87.03.837 - Hydroelectric resources—Separate legal authority—Repayment of indebtedness—Powers.
87.03.840 - Chapter supplementary—When.
87.03.860 - Assumption of substandard water system—Limited immunity from liability.
87.03.870 - Mutual aid agreements for emergency interdistrict assistance—Authority—Liability.
87.03.880 - Tariff for irrigation pumping service—Authority to buy back electricity.
87.03.900 - Construction—1913 c 165.
87.03.920 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.