RCW 85.38.250Special assessment bonds—Guaranty fund.The governing body of a special district issuing special assessment bonds or notes may create and pay money into a special assessment bond guaranty fund to guaranty special assessment bonds and notes issued by the special district. A portion of the special assessments collected by a special district may be placed into its special assessment bond guaranty fund.[ 1986 c 278 s 20.]NOTES:Severability—1986 c 278: See note following RCW 36.01.010.
Washington Legal Code