RCW 35.39.030Excess or inactive funds—Investment.Every city and town may invest any portion of the moneys in its inactive funds or in other funds in excess of current needs in:(1) United States bonds;(2) United States certificates of indebtedness;(3) Bonds or warrants of this state;(4) General obligation or utility revenue bonds or warrants of its own or of any other city or town in the state;(5) Its own bonds or warrants of a local improvement district which are within the protection of the local improvement guaranty fund law; and(6) In any other investments authorized by law for any other taxing districts.[ 1975 1st ex.s. c 11 s 1; 1969 ex.s. c 33 s 1; 1965 ex.s. c 46 s 1; 1965 c 7 s 35.39.030. Prior: 1943 c 92 s 1; Rem. Supp. 1943 s 5646-13.]NOTES:Effective date—1969 ex.s. c 33: 'This 1969 amendatory act is necessary for the immediate preservation of the public peace, health and safety, the support of the state government and its existing political subdivisions; and shall take effect July 1, 1969.' [ 1969 ex.s. c 33 s 4.] This applies to RCW 35.39.030 through 35.39.034.Construction—1965 c 7: See RCW 35.39.050.
Washington Legal Code