RCW 87.22.260
Sale or lease of foreclosed land—Disposition of proceeds.
In any instance where an irrigation district having outstanding refunding bonds issued under the provision of this chapter, sells or rents a tract of land previously acquired by sale on account of delinquent district assessments, the proceeds of said sale or lease shall be distributed to the expense fund and the refunding bond fund of the district in proportion to the respective amounts of the district exactions made against said tract of land for the benefit of these two funds payable in the year in which the district assessment for which said tract was sold, became delinquent.
[ 1929 c 120 § 35; RRS § 7530-35.]
Structure Revised Code of Washington
Chapter 87.22 - Refunding Bonds—1929 Act.
87.22.010 - Refunding authorized.
87.22.020 - When proceedings may be instituted.
87.22.030 - Petition—Contents.
87.22.040 - Schedule of maximum benefits.
87.22.050 - Hearing, time and place of.
87.22.080 - Benefits, how determined—Dismissal—Continuance—Waiver.
87.22.085 - Irrigable acreage, how determined.
87.22.100 - Final judgment conclusive.
87.22.105 - Final judgment conclusive—Exception.
87.22.110 - Transcript to other counties.
87.22.120 - Election—Question to electors.
87.22.125 - Election—Procedure.
87.22.130 - Election—Notice, contents.
87.22.140 - Election—Majority vote affirmative, procedure.
87.22.145 - Exchange of bonds.
87.22.150 - Form of bonds—Manner of payment—Interest rate.
87.22.160 - Interest on unpaid bond installments—When payable.
87.22.165 - Bond payments, where payable.
87.22.170 - Bond contents—Transferability—Priority.
87.22.175 - Bonds—Signature—Registration book.
87.22.190 - Transfer on registration book required.
87.22.200 - Bonds of equal priority.
87.22.210 - Payment to record owner.
87.22.230 - Assessments—Limitations.
87.22.240 - Assessments—Methods of payment.
87.22.245 - Assessments—Receipts.
87.22.250 - Assessments—Payment in money only.
87.22.260 - Sale or lease of foreclosed land—Disposition of proceeds.
87.22.270 - Excess in bond fund—Apportionment.
87.22.275 - Rights of bond owners—Lien of bonds—Manner of payment.