81.104.180 - Pledge of revenues for bond retirement. - Washington Statutes

Pledge of revenues for bond retirement.

Cities that operate transit systems, county transportation authorities, metropolitan municipal corporations, public transportation benefit areas, high capacity transportation corridor areas, and regional transit authorities are authorized to pledge revenues from the employer tax authorized by RCW 81.104.150, the taxes authorized by RCW 81.104.160, and the sales and use tax authorized by RCW 81.104.170, to retire bonds issued solely for the purpose of providing high capacity transportation service.

[2009 c 280 § 6; 1992 c 101 § 29; 1990 c 43 § 44.]