57.20.105  <<  57.20.110 >>   57.20.120

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.


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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