Washington § 87.28.030 - Bonds payable only from special funds — Lien on revenues.

Full text of Washington Revised Code of Washington § 87.28.030 — Bonds payable only from special funds — Lien on revenues., with citation guidance and answers to common questions.

§ 87.28.030. Bonds payable only from special funds — Lien on revenues.

The board of directors of the issuing district shall have authority and is required to create a special fund or funds to be carried in said county treasurer's office for the account of the district for the sole purpose of paying the interest and principal of such bonds. The board of directors of the issuing district shall obligate and bind the district to set aside and pay into such special fund or funds a fixed proportion, or any fixed amount of and not exceeding a fixed proportion of, or a fixed amount or amounts without regard to any fixed proportion of the gross revenues from the charges made by the district for the irrigation water, domestic water, the electric power, drainage, or sewer service, or any combination of such services as the case may be, for which the bonds are issued, and such bonds and the interest thereon shall be payable only out of such special fund or funds but shall be a lien and charge against all revenues received for the service or services the revenues of which are pledged to such fund or funds and payments received from any utility local improvement district or districts pledged to secure such bonds, subject only to operating and maintenance expenses of such service.
[ 1979 ex.s. c 185 s 10; 1973 c 74 s 3; 1949 c 57 s 3; Rem. Supp. 1949 s 7434-12.]

Notes

Effective date—Severability—1979 ex.s. c 185: See notes following RCW 87.03.013.

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

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Frequently Asked Questions About Washington § 87.28.030

What does Revised Code of Washington § 87.28.030 cover?

Section 87.28.030 ("Bonds payable only from special funds — Lien on revenues.") 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 § 87.28.030?

A common citation format is "Revised Code of Washington § 87.28.030" (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 § 87.28.030 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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