RCW 35.54.090: Warrants against fund.

RCWs > Title 35 > Chapter 35.54 > Section 35.54.090

35.54.080 << 35.54.090 >> 35.54.095

PDFRCW 35.54.090

Warrants against fund.

Warrants drawing interest at a rate established by the issuing officer under the direction of the legislative authority of the city or town shall be issued against the local improvement guaranty fund to meet any liability accruing against it. The warrants so issued shall at no time exceed five percent of the outstanding obligations guaranteed by the fund.

[ 1981 c 323 § 8; 1965 c 7 § 35.54.090. Prior: 1933 c 109 § 1, part; 1927 c 209 § 3, part; 1925 ex.s. c 183 § 3, part; 1923 c 141 § 3, part; RRS § 9351-3, part.]