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91 chapters · 1,750 sections in this title.
RCW 35.54.010 Establishment.
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(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 the extent of the fund, the payment of its local improvement bonds and warrants or other short-term obligations issued to pay for any …
RCW 35.54.020 Rules and regulations.
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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 the guaranty fund not inconsistent with the provisions of this chapter. [ 1965 c 7 s 35.54.020. Prior: 1933 c 109…
RCW 35.54.030 Source—Interest and earnings.
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Interest and earnings from the local improvement guaranty fund shall be paid into the fund. [ 1965 c 7 s 35.54.030. Prior: 1933 c 109 s 1, part; 1927 c 209 s 3, part; 1925 ex.s. c 183 s 3, part; 1923 c 141 s 3, part; RRS s 9351-3, part.]
RCW 35.54.040 Source—Subrogation rights to assessments.
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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, the city or town as trustee of the fund shall be subrogated to all the rights of the holder of the bond or interest coupon or warrant so…
