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Revised Code of Washington Chapter 35.47 — Local Improvements—Procedure for Cancellation of Nonguaranteed Bonds

Washington · statute · Wash. Rev. Code ch. 35.47 · 4 active provisions

4 active provisions.

Provisions

Wash. Rev. Code § 35.47.010

Distribution of moneys in local improvement funds to holders of bonds and warrants—Notice—Time limitation—Abandonment and transfer to general fund

Any city or town having any outstanding and unpaid local improvement bonds or warrants issued in connection with a local improvement therein to which the local guaranty fund law is not applicable and that have been delinquent for more than fifteen years, by ordinance, may direct that the money, if any, remaining in a g…

WashingtonLocal Improvements—Procedure for Cancellation of Nonguaranteed Bondseffective
Wash. Rev. Code § 35.47.020

Declaration of obsolescence and cancellation upon distribution of moneys, untimely presentment, or lack of money in local improvement fund

After the city or town having said bonds or warrants referred to in RCW 35.47.010 has distributed the money in a local improvement district fund in accordance with RCW 35.47.010, or such bonds or warrants are not presented for payment within one year after the last date of publication of notice provided for in RCW 35.4…

WashingtonLocal Improvements—Procedure for Cancellation of Nonguaranteed Bondseffective
Wash. Rev. Code § 35.47.030

Cancellation procedure where no money in local improvement fund

If the bonds or warrants outstanding against a district are unguaranteed and if there remains no money in the appropriate local improvement fund to pay them, and if no real property is held in trust for the fund, the city or town shall give notice in the same manner as provided in RCW 35.47.010, stating that L.I.D. . .…

WashingtonLocal Improvements—Procedure for Cancellation of Nonguaranteed Bondseffective