Revised Code of Washington

Wash. Rev. Code § 54.16.070 (2026)

✓ current as of May 2026

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(1) A district may contract indebtedness or borrow money for any corporate purpose on its credit or on the revenues of its public utilities, and to evidence such indebtedness may issue general obligation bonds or revenue obligations; may issue and sell local utility district bonds of districts created by the commission, and may purchase with surplus funds such local utility district bonds, and may create a guaranty fund to insure prompt payment of all local utility district bonds. The general obligation bonds shall be issued and sold in accordance with chapter 39.46 RCW. A district is authorized to establish lines of credit or make other prearranged agreements, or both, to borrow money with any financial institution.

(2) Notwithstanding subsection (1) of this section, such revenue obligations and local utility district bonds may be issued and sold in accordance with chapter 39.46 RCW.

[ 1991 c 74 s 1; 1984 c 186 s 44; 1983 c 167 s 144; 1959 c 218 s 1; 1955 c 390 s 8. Prior: 1945 c 143 s 1(f); 1931 c 1 s 6(f); Rem. Supp. 1945 s 11610(f).]

Notes:

Purpose—1984 c 186: See note following RCW 39.46.110.

Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.

Notes of Decisions

Cited in 1 case, 1984–1984 · leading case: Nucleonics All. v. Washington Pub. Power Supply Sys., 677 P.2d 108 (Wash. 1984).

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Nucleonics All. v. Washington Pub. Power Supply Sys., 677 P.2d 108 (Wash. 1984). · cites it 2× “080) and issue general obligation bonds (RCW 54.16.070). WPPSS was not established pursuant to the public utility districts act, RCW Title 54, but was established as a joint operating agency under RCW 43.”

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