The legislative body of any city or town may provide as an additional method for securing the payment of any such bonds issued to pay the whole or a portion of the cost of providing the city or town with a system of water or sewerage as set forth in RCW 35.43.042, that utility local improvement district assessments authorized to be made for the purposes and subject to the limitations contained in RCW 35.43.042 may be pledged to secure the payment of such bonds.
RCW 35.41.095
Revenue bonds for water or sewerage system—Pledge of utility local improvement district assessments.
Applied in 2 court decisions — leading case City of Sequim v. Malkasian (2006)
Most recently applied in City of Sequim v. Malkasian (July 2006)
1967 c 52 s 26.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.