Washington § 36.33.040 - Cumulative reserve fund — Permissible uses of funds in.

Full text of Washington Revised Code of Washington § 36.33.040 — Cumulative reserve fund — Permissible uses of funds in., with citation guidance and answers to common questions.

§ 36.33.040. Cumulative reserve fund — Permissible uses of funds in.

No money in any cumulative reserve fund shall be used for any purpose other than that for which the fund was created except:
(1) If the purpose of the creation of a cumulative reserve fund has been accomplished by the completion of the proposed building or improvement, the balance remaining in the fund may be transferred to any other cumulative reserve fund or to the county current expense fund by order of the board.
(2) If the purpose of the creation of a cumulative reserve fund ceases to exist or is abandoned, the fund or any part thereof, may be transferred to any other cumulative reserve fund or to the county current expense fund by order of the board after a public hearing thereon pursuant to a notice by publication: PROVIDED, That if the amount to be transferred exceeds fifty thousand dollars, no transfer may be made until authorized by a majority of the voters of the county voting upon the question at an election.
[ 1963 c 4 s 36.33.040. Prior: 1945 c 51 s 3; Rem. Supp. 1945 s 5634-12.]

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

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Frequently Asked Questions About Washington § 36.33.040

What does Revised Code of Washington § 36.33.040 cover?

Section 36.33.040 ("Cumulative reserve fund — Permissible uses of funds in.") 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 § 36.33.040?

A common citation format is "Revised Code of Washington § 36.33.040" (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 § 36.33.040 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.