Washington Code > Chapter 39.89 – Community revitalization financing


§ 39.89.010	Declaration — Purpose
§ 39.89.020	Definitions
§ 39.89.030	Authority — Conditions
§ 39.89.040	Coordination with other programs — Improvements by private developer must meet applicable state and local laws
§ 39.89.050	Procedure for creating increment area
§ 39.89.060	Public notice — Notice to officials
§ 39.89.070	Apportionment of taxes
§ 39.89.080	General indebtedness — Security
§ 39.89.090	Conclusive presumption of validity
§ 39.89.100	Revenue bonds
§ 39.89.900	Supplemental nature of chapter

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Arrest: Taking physical custody of a person by lawful authority.
Deed: The legal instrument used to transfer title in real property from one person to another.
Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
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Lien: A claim against real or personal property in satisfaction of a debt.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

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