H-726 _______________________________________________
HOUSE BILL NO. 1634
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State of Washington 51st Legislature 1989 Regular Session
By Representatives Haugen, Ferguson, Van Luven, Braddock and Fraser
Read first time 2/1/89 and referred to Committee on Local Government.
AN ACT Relating to indebtedness limitations for cities and towns; and amending RCW 39.36.020.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. Section 1, chapter 143, Laws of 1917 as last amended by section 1, chapter 218, Laws of 1971 ex. sess. and RCW 39.36.020 are each amended to read as follows:
(1) Except
as otherwise expressly provided by law or in subsections (2), (3) ((and)),
(4), and (5) 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 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. 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.
(3) 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 cities or towns without the assent of three-fifths of the voters therein voting at an election held for that purpose. In cases requiring such assent cities and towns are limited to a total indebtedness of two and one-half percent of the value of the taxable property therein.
(4) 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)))
(5) 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)))
(6) 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.