Washington § 87.03.492 - Local improvement districts — Bonds, valid claim — General indebtedness.

Full text of Washington Revised Code of Washington § 87.03.492 — Local improvement districts — Bonds, valid claim — General indebtedness., with citation guidance and answers to common questions.

§ 87.03.492. Local improvement districts — Bonds, valid claim — General indebtedness.

Any local improvement district bonds, and interest thereon, issued against a bond redemption fund of a local improvement district pursuant to RCW 87.03.485 shall be a valid claim of the owner thereof only as against the local improvement guarantee fund, the local improvement district redemption fund, and the assessments or revenues pledged to such fund or funds and do not constitute a general indebtedness against the issuing irrigation district unless the board of directors by resolution expressly provides for a pledge of general indebtedness. Except where the board provides for a pledge of general indebtedness, each such bond must state upon its face that it is payable from the local improvement district redemption fund and the local improvement guarantee fund only.
[ 2013 c 177 s 1.]

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

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Frequently Asked Questions About Washington § 87.03.492

What does Revised Code of Washington § 87.03.492 cover?

Section 87.03.492 ("Local improvement districts — Bonds, valid claim — General indebtedness.") 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 § 87.03.492?

A common citation format is "Revised Code of Washington § 87.03.492" (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 § 87.03.492 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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