§ 35.45.180. Transfer from general fund to local improvement fund authorized -- Ordinance
Any city or town, when authorized by ordinance, may transfer permanently or temporarily, money from its general fund, or from any other municipal fund as its council shall specify in that ordinance, to its local improvement guaranty fund or any of its local improvement funds to be used for the purposes of these local improvement funds, including the payment of bonds, interest coupons, warrants, or other short-term obligations. The powers granted by this section are to be exercised at the discretion of a council when found to be in the public interest, but money transferred by means of these powers shall not be pledged to the payment of any local improvement district obligations.
[2003 c 139 § 1.]
Notes:
Effective date -- 2003 c 139: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately [May 7, 2003]." [2003 c 139 § 4.]
Sections: Previous 35.45.030 35.45.040 35.45.050 35.45.060 35.45.065 35.45.070 35.45.080 35.45.090 35.45.130 35.45.140 35.45.150 35.45.155 35.45.160 35.45.170 35.45.180
Last modified: April 7, 2009