57.20.105  <<  57.20.110 >>   57.20.120

RCW 57.20.110

Limitation of indebtedness.

A district is authorized and empowered by and through its board of commissioners to contract indebtedness for its purposes, and the maintenance thereof not exceeding one-half of one percent of the value of the taxable property in the district, as the term "value of the taxable property" is defined in RCW 39.36.015.
NOTES:
Part headings not lawEffective date1996 c 230: See notes following RCW 57.02.001.
SeverabilityEffective date1970 ex.s. c 42: See notes following RCW 39.36.015.
Limitation on municipal corporation indebtedness: State Constitution Art. 8 § 6.
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