§ 39.88.080. Application of tax allocation revenues
Tax allocation revenues may be applied as follows:
(1) To pay public improvement costs;
(2) To pay principal of and interest on, and to fund any necessary reserves for, tax allocation bonds;
(3) To pay into bond funds established to pay the principal of and interest on general obligation bonds issued pursuant to law to finance public facilities that are specified in the public improvement ordinance and constructed following the establishment of and within the apportionment district; or
(4) To pay any combination of the foregoing.
[1982 1st ex.s. c 42 § 9.]
Sections: Previous 39.88.010 39.88.020 39.88.030 39.88.040 39.88.050 39.88.060 39.88.070 39.88.080 39.88.090 39.88.100 39.88.110 39.88.120 39.88.130 39.88.900 39.88.905 NextLast modified: April 7, 2009