Revised Code of Washington - RCW Title 54 Public Utility Districts - Chapter 54.24 Finances

  • 54.24.010 Treasurer -- Bond -- Duties -- Funds -- Depositaries
    The treasurer of the county in which a utility district is located shall be ex officio treasurer of the district: PROVIDED, That the commission by ...
  • 54.24.012 Destruction of canceled or paid revenue obligations and interest coupons
    After any revenue obligations or interest coupons have been canceled or paid they may be destroyed as directed by the district, any provisions of chapter ...
  • 54.24.018 Acquisition of property -- Adoption of plan -- Bonds or warrants -- Special funds
    (1) Whenever the commission shall deem it advisable that the public utility district purchase, purchase and condemn, acquire, or construct any such public utility, or ...
  • 54.24.020 General obligation bonds, revenue obligations for cost of utilities
    Whenever the commission of a public utility district, organized pursuant to chapter 1 of the Laws of 1931 (sections 11605 et seq. of Remington's Revised ...
  • 54.24.030 Revenue obligations -- Special fund -- Form, term, payment, etc. -- Resolution of authority, contents -- Contracts for future sale
    (1) Whenever the commission shall deem it advisable to issue revenue obligations for the purpose of defraying the cost or part of the cost of ...
  • 54.24.040 Considerations in creating special fund -- Status of claims against fund -- When lien attaches
    In creating any special fund for the payment of revenue obligations, the commission shall have due regard to the cost of operation and maintenance of ...
  • 54.24.050 Covenants to secure owners of revenue obligations
    Any resolution creating any such special fund or authorizing the issue of revenue obligations payable therefrom, or by such alternate method of payment as may ...
  • 54.24.060 Sale, delivery of revenue obligations
    (1) Such utility revenue obligations shall be sold and delivered in such manner, at such rate or rates of interest and for such price or ...
  • 54.24.070 Prima facie validity of revenue obligations
    The state auditor need not register, certify, nor sign revenue obligations after July 26, 1981. These obligations shall be held in every action, suit, or ...
  • 54.24.080 Rates and charges -- Waiver of connection charges for low-income persons
    (1) The commission of each district which shall have revenue obligations outstanding shall have the power and shall be required to establish, maintain, and collect ...
  • 54.24.090 Funding, refunding revenue obligations
    Whenever any district shall have outstanding any utility revenue obligations, the commission shall have power by resolution to provide for the issuance of funding or ...
  • 54.24.100 Execution of revenue obligations -- Signatures
    (1) All revenue obligations, including funding and refunding revenue obligations, shall be executed in such manner as the commission may determine: PROVIDED, That warrants may ...
  • 54.24.110 Laws and resolutions as contract
    The provisions of chapter 182, Laws of 1941 and the provisions of chapter 1, Laws of 1931, not hereby superseded, and of any resolution or ...
  • 54.24.120 Obligations as lawful securities and investments
    All bonds, warrants, and revenue obligations issued under the authority of chapter 1, Laws of 1931 and chapter 182, Laws of 1941 shall be legal ...
  • 54.24.200 Local improvement guaranty fund
    Every public utility district in the state is hereby authorized, by resolution, to create a fund for the purpose of guaranteeing, to the extent of ...
  • 54.24.210 Local improvement guaranty fund -- Duties of the district
    To comply with the requirements of setting aside and paying into the local improvement guaranty fund a proportion of the monthly gross revenues of the ...
  • 54.24.220 Local improvement guaranty fund -- Warrants to meet liabilities
    When a bond, warrant, or any coupon or interest payment guaranteed by the guaranty fund matures and there are not sufficient funds in the local ...
  • 54.24.230 Local improvement guaranty fund -- Certificates of delinquency -- Contents, purchase, payment, issuance, sale
    Within twenty days after the date of delinquency of any annual installment of assessments levied for the purpose of paying the local improvement bonds and/or ...
  • 54.24.240 Local improvement guaranty fund -- Certificates of delinquency -- Redemption, foreclosure
    The certificates of delinquency may be redeemed by the owner of the property assessed at any time up to two years from the date of ...
  • 54.24.250 Local improvement guaranty fund -- Subrogation of district as trustee of fund, effect on fund, disposition of proceeds
    When there is paid out of a guaranty fund any sum on the principal or interest upon local improvement bonds, and/or warrants, or on the ...
  • 54.24.260 Local improvement guaranty fund -- Rights and remedies of bond or warrant holder which shall be printed on bond or warrant -- Disposition of balance of fund
    Neither the holder nor the owner of local improvement bonds and/or warrants guaranteed hereunder shall have a claim therefor against the public utility district, except ...

Last modified: April 7, 2009