Washington § 54.28.080 - Additional tax for payment on bonded indebtedness of school districts.

Full text of Washington Revised Code of Washington § 54.28.080 — Additional tax for payment on bonded indebtedness of school districts., with citation guidance and answers to common questions.

§ 54.28.080. Additional tax for payment on bonded indebtedness of school districts.

Whenever any district acquires an operating property from any private person, firm, or corporation and a portion of the operating property is situated within the boundaries of any school district and at the time of such acquisition there is an outstanding bonded indebtedness of the school district, then the public utility district shall, in addition to the tax imposed by this chapter, pay directly to the school district a proportion of all subsequent payments by the school district of principal and interest on said bonded indebtedness, said additional payments to be computed and paid as follows: The amount of principal and interest required to be paid by the school district shall be multiplied by the percentage which the assessed value of the property acquired bore to the assessed value of the total property in the school district at the time of such acquisition. Such additional amounts shall be paid by the public utility district to the school district not less than fifteen days prior to the date that such principal and interest payments are required to be paid by the school district. In addition, any public utility district which acquires from any private person, firm, or corporation an operating property situated within a school district, is authorized to make voluntary payments to such school district for the use and benefit of the school district.
[ 1957 c 278 s 8. Prior: 1949 c 227 s 1(g); 1941 c 245 s 2; Rem. Supp. 1949 s 11616-2(g).]

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

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Frequently Asked Questions About Washington § 54.28.080

What does Revised Code of Washington § 54.28.080 cover?

Section 54.28.080 ("Additional tax for payment on bonded indebtedness of school districts.") 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 § 54.28.080?

A common citation format is "Revised Code of Washington § 54.28.080" (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 § 54.28.080 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

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