Washington § 35.48.020 - Use of revolving fund — Maximum bond price.

Full text of Washington Revised Code of Washington § 35.48.020 — Use of revolving fund — Maximum bond price., with citation guidance and answers to common questions.

§ 35.48.020. Use of revolving fund — Maximum bond price.

Any moneys in such revolving fund may be used for the purchase of unpaid delinquent local improvement warrants, or bonds and interest payments, or bonds and interest coupons thereon, issued by the city or town, payable from a local improvement district fund or condemnation award fund, to which the local improvement guaranty fund law is not applicable, if the assessment, or last installment thereof, against which the bonds or warrants have been issued, has been delinquent not more than thirty-two years. The maximum purchase price to be paid for said bonds or warrants shall be fixed by the municipality, and may from time to time be changed but shall never exceed fifty percent of the face value of the bonds, interest payments, interest coupons, or warrants: PROVIDED, That no warrants shall be issued payable from the revolving fund unless there is sufficient cash in said fund available for payment of such warrants.
[ 1983 c 167 s 45; 1965 c 7 s 35.48.020. Prior: 1961 c 46 s 2; 1943 c 244 s 3; Rem. Supp. 1943 s 9351-12.]

Notes

Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.

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

Related Washington Legal Topics

Frequently Asked Questions About Washington § 35.48.020

What does Revised Code of Washington § 35.48.020 cover?

Section 35.48.020 ("Use of revolving fund — Maximum bond price.") 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 § 35.48.020?

A common citation format is "Revised Code of Washington § 35.48.020" (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 § 35.48.020 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.