Cities that operate transit systems, county transportation authorities, metropolitan municipal corporations, public transportation benefit areas, high capacity transportation corridor areas, and regional transit authorities are authorized to pledge revenues from the employer tax authorized by RCW 81.104.150, the taxes authorized by RCW 81.104.160, the sales and use tax authorized by RCW 81.104.170, the property tax authorized by RCW 81.104.175, and the parking tax authorized by RCW 81.104.230, to retire bonds issued solely for the purpose of providing high capacity transportation service.
RCW 81.104.180
Pledge of revenues for bond retirement.
Applied in 2 court decisions — leading case Pierce County v. State (2006)
Most recently applied in Pierce County v. State (December 2006)
2022 c 285 s 8; 2015 3rd sp.s. c 44 s 327; 2009 c 280 s 6; 1992 c 101 s 29; 1990 c 43 s 44.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.