Washington § 33.24.070 - City or district light, water, and sewer revenue bonds.

Full text of Washington Revised Code of Washington § 33.24.070 — City or district light, water, and sewer revenue bonds., with citation guidance and answers to common questions.

§ 33.24.070. City or district light, water, and sewer revenue bonds.

An association may invest its funds in the revenue bonds of any city, town, district, or political subdivision of this state for the payment of which revenue of the city, town, district or political subdivision utility or revenue producing facility is irrevocably pledged.
It may invest its funds in the light, water, or sewer revenue bonds of any city or other municipal corporation in the United States having a population of not less than fifty thousand inhabitants as determined by the last federal census, which has not defaulted in the payment of interest or principal upon this or any like obligation, including those for which its credit was pledged, within ten years last past, for the payment of which the entire revenue of the city's or other municipal corporation's light, water, or sewer system, less maintenance and operating costs, is irrevocably pledged.
The aggregate of the investments of an association in any issue of such revenue bonds shall at no time exceed five percent of the amount of its savings accounts.
[ 1955 c 126 s 2; 1945 c 235 s 64; Rem. Supp. 1945 s 3717-183. Prior: 1939 c 98 s 11; 1933 c 183 s 56.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 33.24.070

What does Revised Code of Washington § 33.24.070 cover?

Section 33.24.070 ("City or district light, water, and sewer revenue bonds.") 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.

How do I cite Washington § 33.24.070?

A common citation format is "Revised Code of Washington § 33.24.070" (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?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 33.24.070 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.