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SUBSTITUTE SENATE BILL 6069
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Passed Legislature - 1994 Regular Session
State of Washington 53rd Legislature 1994
Regular Session
By
Read first time 01/28/94.
Authorizing additional
nonvoter-approved municipal indebtedness.
AN ACT Relating to
nonvoter-approved municipal indebtedness; and amending RCW 39.36.020.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF
WASHINGTON:
Sec. 1. RCW 39.36.020 and 1993 c
240 s 12 are each amended to read as follows:
(1) Except as otherwise
expressly provided by law or in subsections (2), (3) and (4) of this section,
no taxing district shall for any purpose become indebted in any manner to an
amount exceeding three‑eighths of one percent of the value of the taxable
property in such taxing district without the assent of three‑fifths of
the voters therein voting at an election to be held for that purpose, nor in
cases requiring such assent shall the total indebtedness incurred at any time
exceed one and one-fourth percent on the value of the taxable property therein.
(2) ((Counties,
cities, towns, and)) (a)(i) Public hospital districts are limited to
an indebtedness amount not exceeding three-fourths of one percent of the value
of the taxable property in such ((counties, cities, towns, or)) public
hospital districts without the assent of three-fifths of the voters therein
voting at an election held for that purpose.
(ii) Counties,
cities, and towns are limited to an indebtedness amount not exceeding one and
one-half percent of the value of the taxable property in such counties, cities,
or towns without the assent of three-fifths of the voters therein voting at an
election held for that purpose.
(b) In cases
requiring such assent counties, cities, towns, and public hospital districts
are limited to a total indebtedness of two and one-half percent of the value of
the taxable property therein. However, any county that has assumed the rights,
powers, functions, and obligations of a metropolitan municipal corporation
under chapter 36.56 RCW may become indebted to a larger amount for its
authorized metropolitan functions, as provided under chapter 35.58 RCW, but not
exceeding an additional three-fourths of one percent of the value of the
taxable property in the county without the assent of three-fifths of the voters
therein voting at an election held for that purpose, and in cases requiring
such assent not exceeding an additional two and one-half percent of the value
of the taxable property in the county.
(3) School districts
are limited to an indebtedness amount not exceeding three-eighths of one
percent of the value of the taxable property in such district without the
assent of three‑fifths of the voters therein voting at an election held
for that purpose. In cases requiring such assent school districts are limited
to a total indebtedness of two and one-half percent of the value of the taxable
property therein.
(4) No part of the
indebtedness allowed in this chapter shall be incurred for any purpose other
than strictly county, city, town, school district, township, port district,
metropolitan park district, or other municipal purposes: PROVIDED, That a city
or town, with such assent, may become indebted to a larger amount, but not
exceeding two and one-half percent additional, determined as herein provided,
for supplying such city or town with water, artificial light, and sewers, when
the works for supplying such water, light, and sewers shall be owned and
controlled by the city or town; and a city or town, with such assent, may
become indebted to a larger amount, but not exceeding two and one-half percent
additional for acquiring or developing open space and park facilities:
PROVIDED FURTHER, That any school district may become indebted to a larger
amount but not exceeding two and one-half percent additional for capital
outlays.
(5) Such indebtedness
may be authorized in any total amount in one or more propositions and the
amount of such authorization may exceed the amount of indebtedness which could
then lawfully be incurred. Such indebtedness may be incurred in one or more
series of bonds from time to time out of such authorization but at no time
shall the total general indebtedness of any taxing district exceed the above
limitation.
The term
"value of the taxable property" as used in this section shall have
the meaning set forth in RCW 39.36.015.
