Washington § 53.54.040 - Fund authorized — Sources.

Full text of Washington Revised Code of Washington § 53.54.040 — Fund authorized — Sources., with citation guidance and answers to common questions.

§ 53.54.040. Fund authorized — Sources.

A port district may establish a fund to be utilized in effectuating the intent of this chapter. The port district may finance such fund by: The proceeds of any grants or loans made by federal agencies; the proceeds of any grants made by the department of commerce pursuant to RCW 43.330.610; rentals, charges, and other revenues as may be generated by programs authorized by this chapter, airport revenues; and revenue bonds based upon such revenues. The port district may also finance such fund, as necessary, in whole or in part, with the proceeds of general obligation bond issues of not more than one-eighth of one percent of the value of taxable property in the port district: PROVIDED, That any such bond issue shall be in addition to bonds authorized by RCW 53.36.030: PROVIDED FURTHER, That any such general obligation bond issue may be subject to referendum by petition as provided by county charter, the same as if it were a county ordinance.
[ 2024 c 194 s 4; 1974 ex.s. c 121 s 4.]

Notes

Legislative findings—Intent—2024 c 194: See note following RCW 53.54.030.

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Frequently Asked Questions About Washington § 53.54.040

What does Revised Code of Washington § 53.54.040 cover?

Section 53.54.040 ("Fund authorized — Sources.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

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A common citation format is "Revised Code of Washington § 53.54.040" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

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Sources & Verification

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