§ 35.67.130. Revenue bond fund -- Limitations upon creation
In creating the special fund, the city or town legislative body shall have due regard to the cost of operation and maintenance of the system as constructed or added to, and to any proportion or part of the revenue previously pledged as a fund for the payment of bonds, warrants and other indebtedness. It shall not set aside into the special fund a greater amount or proportion of the revenue and proceeds than in its judgment will be available over and above the cost of maintenance and operation and the amount or proportion of the revenue so previously pledged.
[1965 c 7 § 35.67.130. Prior: 1941 c 193 § 4, part; Rem. Supp. 1941 § 9354-7, part.]
Sections: Previous 35.67.020 35.67.022 35.67.025 35.67.030 35.67.065 35.67.110 35.67.120 35.67.130 35.67.140 35.67.150 35.67.160 35.67.170 35.67.180 35.67.190 35.67.194 NextLast modified: April 7, 2009