H-0780.1          _______________________________________________

                                  HOUSE BILL 1195

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State of Washington              52nd Legislature             1991 Regular Session

By Representatives Bray, Ferguson, Nealey, Rayburn, Haugen, Ludwig, Grant, Neher and Wynne.

Read first time January 23, 1991.  Referred to Committee on Local Government.Authorizing irrigation districts to establish consolidated local improvement districts.

     AN ACT Relating to irrigation districts; and adding a new section to chapter 87.03 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  A new section is added to chapter 87.03 RCW to read as follows:

     For the purpose of issuing bonds only, the governing body of any irrigation district may authorize the establishment of consolidated local improvement districts.  The local improvements within such consolidated districts need not be adjoining, vicinal, or neighboring.  If the governing body orders the creation of such consolidated local improvement districts, the moneys received from the installment payment of the principal of and interest on assessments levied within original local assessment districts shall be deposited in a consolidated local improvement district bond redemption fund to be used to redeem outstanding consolidated local improvement district bonds.