Washington § 35.02.135 - Newly incorporated city or town — May borrow from municipal sales and use tax equalization account.

Full text of Washington Revised Code of Washington § 35.02.135 — Newly incorporated city or town — May borrow from municipal sales and use tax equalization account., with citation guidance and answers to common questions.

§ 35.02.135. Newly incorporated city or town — May borrow from municipal sales and use tax equalization account.

Upon the certification of election of officers, the governing body may by resolution borrow money from the municipal sales and use tax equalization account, up to one hundred thousand dollars or five dollars per capita based on the population estimate required by RCW 35.02.030, whichever is less.
The loan authorized by this section shall be repaid over a three-year period. The state treasurer shall withhold moneys from the funds otherwise payable to the city or town that has obtained such a loan, either from the municipal sales and use tax equalization account or from sales and use tax entitlements otherwise distributable to such city or town, so that the account is fully reimbursed over the three-year period. The state treasurer shall adopt by rule procedures to accomplish the purpose of this section on a reasonable and equitable basis over the three-year period.
[ 1991 c 360 s 5.]

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

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Frequently Asked Questions About Washington § 35.02.135

What does Revised Code of Washington § 35.02.135 cover?

Section 35.02.135 ("Newly incorporated city or town — May borrow from municipal sales and use tax equalization account.") 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 § 35.02.135?

A common citation format is "Revised Code of Washington § 35.02.135" (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 § 35.02.135 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.

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