Washington Code 86.09.547 – District funds — Utility bond fund — Composition — Use
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Revenues from the use, sale or lease of water and/or other service furnished by the district to the extent pledged to the payment of district utility bonds, as herein provided, shall be placed in the utility bond fund and used exclusively for the payment of such bonds with interest according to their terms.
[ 1937 c 72 § 183; RRS § 9663E-183. Formerly RCW 86.08.700.]
Terms Used In Washington Code 86.09.547
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC