Washington § 35.27.510 - Utilities — Transfer of part of net earnings to current expense fund.

Full text of Washington Revised Code of Washington § 35.27.510 — Utilities — Transfer of part of net earnings to current expense fund., with citation guidance and answers to common questions.

§ 35.27.510. Utilities — Transfer of part of net earnings to current expense fund.

When any special fund of a public utility department of a town has retired all bond and warrant indebtedness and is on a cash basis, if a reserve or depreciation fund has been created in an amount satisfactory to the state auditor and if the fixing of the rates of the utility is governed by contract with the supplier of water, electrical energy, or other commodity sold by the town to its inhabitants, and the rates are at the lowest possible figure, the town council may set aside such portion of the net earnings of the utility as it may deem advisable and transfer it to the town's current expense fund: PROVIDED, That no amount in excess of fifty percent of the net earnings shall be so set aside and transferred except with the unanimous approval of the council and mayor.
[ 1995 c 301 s 38; 1965 c 7 s 35.27.510. Prior: 1939 c 96 s 1; 1929 c 98 s 1; RRS s 9185-1.]

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

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Frequently Asked Questions About Washington § 35.27.510

What does Revised Code of Washington § 35.27.510 cover?

Section 35.27.510 ("Utilities — Transfer of part of net earnings to current expense fund.") 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 § 35.27.510?

A common citation format is "Revised Code of Washington § 35.27.510" (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 § 35.27.510 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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