Washington § 39.30.010 - Executory conditional sales contracts for purchase of property — Limit on indebtedness — Election, when.

Full text of Washington Revised Code of Washington § 39.30.010 — Executory conditional sales contracts for purchase of property — Limit on indebtedness — Election, when., with citation guidance and answers to common questions.

§ 39.30.010. Executory conditional sales contracts for purchase of property — Limit on indebtedness — Election, when.

Any city or town or metropolitan park district or county or library district may execute an executory conditional sales contract with a county or counties, the state or any of its political subdivisions, the government of the United States, or any private party for the purchase of any real or personal property, or property rights in connection with the exercise of any powers or duties which they now or hereafter are authorized to exercise, if the entire amount of the purchase price specified in such contract does not result in a total indebtedness in excess of three-fourths of one percent of the value of the taxable property in such library district or the maximum amount of nonvoter-approved indebtedness authorized in such county, city, town, or metropolitan park district. If such a proposed contract would result in a total indebtedness in excess of this amount, a proposition in regard to whether or not such a contract may be executed shall be submitted to the voters for approval or rejection in the same manner that bond issues for capital purposes are submitted to the voters. Any city or town or metropolitan park district or county or library district may jointly execute contracts authorized by this section, if the entire amount of the purchase price does not result in a joint total indebtedness in excess of the nonvoter-approved indebtedness limitation of any city, town, metropolitan park district, county, or library district that participates in the jointly executed contract. The term "value of the taxable property" shall have the meaning set forth in RCW 39.36.015.
[ 1997 c 361 s 2; 1970 ex.s. c 42 s 26; 1963 c 92 s 1; 1961 c 158 s 1.]

Notes

Severability—Effective date—1970 ex.s. c 42: See notes following RCW 39.36.015.

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

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Frequently Asked Questions About Washington § 39.30.010

What does Revised Code of Washington § 39.30.010 cover?

Section 39.30.010 ("Executory conditional sales contracts for purchase of property — Limit on indebtedness — Election, when.") 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 § 39.30.010?

A common citation format is "Revised Code of Washington § 39.30.010" (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.

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