Revised Code of Washington - RCW Title 35 Cities And Towns - Chapter 35.54 Local Improvements -- Guaranty Funds

35.54.010 Establishment
(1) There is established in every city and town a fund to be designated the "local improvement guaranty fund" for the purpose of guaranteeing, to ...

35.54.020 Rules and regulations
Every city and town operating under the provisions of this chapter shall prescribe by ordinance appropriate rules and regulations for the maintenance and operation of ...

35.54.030 Source -- Interest and earnings
Interest and earnings from the local improvement guaranty fund shall be paid into the fund.[1965 c 7 § 35.54.030. Prior: 1933 c 109 § 1, ...

35.54.040 Source -- Subrogation rights to assessments
Whenever any sum is paid out of the local improvement guaranty fund on account of principal or interest of a local improvement bond or warrant, ...

35.54.050 Source -- Surplus from improvement funds
If in any local improvement fund guaranteed by a local improvement guaranty fund there is a surplus remaining after the payment of all outstanding bonds ...

35.54.060 Source -- Taxation
For the purpose of maintaining the local improvement guaranty fund, every city and town shall, at the time of making its annual budget and tax ...

35.54.070 Use of fund -- Purchase of bonds, coupons and warrants
Defaulted bonds, interest coupons and warrants against local improvement funds shall be purchased out of the guaranty fund, and as between the several issues of ...

35.54.080 Use of fund -- Purchase of general tax certificates or property on or after foreclosure -- Disposition
For the purpose of protecting the guaranty fund, so much of the guaranty fund as is necessary may be used to purchase certificates of delinquency ...

35.54.090 Warrants against fund
Warrants drawing interest at a rate established by the issuing officer under the direction of the legislative authority of the city or town shall be ...

35.54.095 Transfer of assets to general fund -- When authorized -- Payment of claims as general obligation, when
(1) Any city or town maintaining a local improvement guaranty fund under this chapter, upon certification by the city or town treasurer that the local ...

35.54.100 Deferral of collection of assessments for economically disadvantaged persons -- Payment from guaranty fund -- Lien -- Payment dates for deferred obligations
Whenever payment of a local improvement district assessment is deferred pursuant to the provisions of RCW 35.43.250 the amount of the deferred assessment shall be ...