Statutes > Washington Statutes > Title 35 - Cities and towns > 35.51 - Local improvements -- Classification of property -- Reserve funds. > 35.51.050 - Loan agreements -- Assessments may be pledged.

35.51.050 - Loan agreements -- Assessments may be pledged.

Loan agreements — Assessments may be pledged.

Assessments for local improvements in a local improvement district created by a municipality may be pledged and applied when collected to the payment of its obligations under a loan agreement entered into under chapter 39.69 RCW to pay costs of improvements in such a local improvement district.

[1997 c 426 § 4.]