Washington § 35.42.200 - Leases authorized — Ballot proposition.

Full text of Washington Revised Code of Washington § 35.42.200 — Leases authorized — Ballot proposition., with citation guidance and answers to common questions.

§ 35.42.200. Leases authorized — Ballot proposition.

Any city or town may execute leases for a period of years with or without an option to purchase with the state or any of its political subdivisions, with the government of the United States, or with any private party for the lease of any real or personal property, or property rights: PROVIDED, That with respect only to leases that finance the acquisition of property by the lessee, the aggregated portions of lease payments over the term of the lease which are allocable to principal shall constitute debt, which shall not result in a total indebtedness in excess of one and one-half percent of the taxable property of such city or town computed in accordance with RCW 39.36.030, unless a proposition in regard to whether or not such a lease may be executed is submitted to the voters for their approval or rejection in the same manner that bond issues for capital purposes are submitted, and the voters approve the same.
[ 1990 c 205 s 1; 1965 c 7 s 35.42.200. Prior: 1963 c 170 s 1.]

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Frequently Asked Questions About Washington § 35.42.200

What does Revised Code of Washington § 35.42.200 cover?

Section 35.42.200 ("Leases authorized — Ballot proposition.") 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 § 35.42.200?

A common citation format is "Revised Code of Washington § 35.42.200" (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 § 35.42.200 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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