reglab/statecodes huggingface dataset:
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.34 - Toll Facilities. › 53.34.150 - Bonds and notes as legal investment and security.

RCW 53.34.150
Bonds and notes as legal investment and security.
Revenue bonds and notes issued under the authority of this chapter are made securities in which all public officers and bodies of this state, all municipalities and municipal subdivisions and all other political subdivisions of this state, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks, and savings associations, including savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them. Such bonds and notes are also made securities which may be deposited with and shall be received by all public officers and bodies of this state, all municipalities, municipal subdivisions, and other political subdivisions of this state for any purpose for which the deposit of bonds or other obligations of this state is now or may hereafter be authorized.
[ 1959 c 236 § 15.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.34 - Toll Facilities. › 53.34.160 - Projects declared public benefit and governmental function—Covenant by state with bond and note holders—Tax exemption.

RCW 53.34.160
Projects declared public benefit and governmental function—Covenant by state with bond and note holders—Tax exemption.
It is found, determined, and declared that the creation and establishment of projects authorized by this chapter are in all respects for the benefit of the people of the state of Washington, for the improvement of their welfare and prosperity, and for the promotion of intrastate, interstate, and foreign commerce, the transportation of freight, commercial, and passenger traffic, is a public purpose, that such projects operated by port districts are essential parts of the public transportation system, and that such districts will be performing essential governmental functions in the exercise of the powers conferred upon them by this chapter; and the state of Washington covenants with the holders of revenue bonds and notes that port districts shall not be required to pay any taxes or assessments, or other governmental charges in lieu thereof, upon any of the property acquired by them or under their respective jurisdictions, control, possession, or supervision, upon the activities of port districts in the operation and maintenance of such projects, or upon any charges, fees, rentals, revenues, or other income received by such districts from such projects and that the revenue bonds and notes of port districts and the income therefrom shall at all times be exempt from all taxation in the state of Washington, except transfer, inheritance, and estate taxes. This section shall constitute a covenant and agreement with the holders of all revenue bonds and notes issued by port districts pursuant to the provisions of this chapter.
[ 1959 c 236 § 16.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.34 - Toll Facilities. › 53.34.170 - District's power to acquire property, rights, etc.—Gifts—Condemnation—Contracts by public agencies authorized.

RCW 53.34.170
District's power to acquire property, rights, etc.—Gifts—Condemnation—Contracts by public agencies authorized.
In the acquisition, construction, reconstruction, improvement, extension, or betterment of any project or projects authorized under the provisions of this chapter any port district creating and establishing any such project or projects may have and exercise all of the powers heretofore or hereafter granted to port districts for corporate purposes and, in addition thereto, may acquire by gift or grant, lease, purchase, or condemnation any public and private property, franchises and property rights, including state, county, and school lands and property, and littoral and water rights whether or not any such property is then devoted to public or quasi public proprietary or governmental use: PROVIDED, That the court shall find that the proposed condemnation of any property already devoted to a public use is for a higher public use, and may by appropriate contracts with any city, county, or other political subdivision of the state, with the state and any department of the government of the state (hereinafter referred to collectively as public agencies), or with any department, instrumentality or agency of the United States, acquire title to or the use of existing roads, streets, parkways, avenues, or highways or the closing of any roads, streets, parkways, avenues, or highways as may be necessary or convenient to the acquisition, construction, or operation of any such project or projects under such terms and conditions as may be mutually agreed upon. All public agencies are authorized to enter into contracts with port districts for the aforesaid purposes.
[ 1959 c 236 § 17.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.34 - Toll Facilities. › 53.34.180 - Public agencies authorized to contract with district for contribution of money, property, services, etc.

RCW 53.34.180
Public agencies authorized to contract with district for contribution of money, property, services, etc.
Any public agency, including without limitation the department of transportation, may contract with a port district that is constructing a project or projects under this chapter for the contribution of moneys or real or personal property in aid of the construction of the projects, or for the furnishing of engineering, legal, police, and fire protection, and all other services necessary or convenient to the acquisition, construction, reconstruction, operation, maintenance, renewal, replacement, improvement, additions to, or extension of the project or projects. The contracts shall run for such period of years and contain such terms and conditions as the parties thereto mutually agree upon. Any public agency, by resolution, may authorize the execution of the contracts with a port district and no other authorization on the part of the public agency is necessary, regardless of any provision of laws or of a city charter to the contrary. Obligations assumed by a public agency under the contracts entered into under this chapter shall be included and provided for in each annual budget of the public agency made thereafter until all the obligations have been fully discharged.
[ 1984 c 7 § 366; 1959 c 236 § 18.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.34 - Toll Facilities. › 53.34.190 - Bylaws, rules for management, uses, charges—Penalty for violation.

RCW 53.34.190
Bylaws, rules for management, uses, charges—Penalty for violation.
(1) Any port district establishing a project under the authority of this chapter may make such bylaws, rules, and regulations for the management and use of such project and for the collection of rentals, tolls, fees, and other charges for services or commodities sold, furnished or supplied through such project.
(2) The violation of any bylaw, rule, or regulation described in subsection (1) of this section is a misdemeanor punishable by fine not to exceed one hundred dollars or by imprisonment for not longer than thirty days, or both.
[ 2003 c 53 § 287; 1959 c 236 § 19.]
NOTES:
Intent—Effective date—2003 c 53: See notes following RCW 2.48.180.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.34 - Toll Facilities. › 53.34.200 - Actions for damages, injuries, death—Allegation in complaint of presentment of claim.

RCW 53.34.200
Actions for damages, injuries, death—Allegation in complaint of presentment of claim.
In every action against a district for damages, for injuries to real or personal property, or for the destruction thereof, or for personal injuries or death arising in connection with the acquisition, construction, reconstruction, operation, or maintenance of a project authorized by the provisions of this chapter, the complaint shall contain an allegation that at least thirty days have elapsed since a demand, claim, or claims upon which such action is founded were presented to the secretary of the district, or to its chief executive officer, and that the district has neglected or refused to make an adjustment or payment thereof for thirty days after such presentment.
[ 1959 c 236 § 20.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.34 - Toll Facilities. › 53.34.220 - Chapter supplemental to other laws—Liberal construction.

RCW 53.34.220
Chapter supplemental to other laws—Liberal construction.
The powers and rights granted to port districts and public agencies by the provisions of this chapter are in addition and supplemental to and not in substitution of the powers and rights heretofore or hereafter granted to such districts and public agencies by any other law or city charter, and no limitations or restrictions or proceedings for the exercise of powers and rights by port districts and public agencies contained in any other laws or city charters shall apply to the exercise of powers and rights granted by the provisions of this chapter, and the provisions of this chapter shall be liberally construed to permit the accomplishment of the purposes hereof.
[ 1959 c 236 § 22.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.34 - Toll Facilities. › 53.34.910 - Chapter controls inconsistent acts.

RCW 53.34.910
Chapter controls inconsistent acts.
Insofar as the provisions of this chapter are inconsistent with the provisions of any other act or of any city charter, the provisions of this chapter shall be controlling.
[ 1959 c 236 § 24.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.35 - Budgets. › 53.35.010 - Preliminary budget.

RCW 53.35.010
Preliminary budget.
On or before the 15th day of September of each year each port commission shall prepare a preliminary budget of the port district for the ensuing fiscal year showing the estimated expenditures and the anticipated available funds from which all expenditures are to be paid.
[ 1959 c 159 § 1.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.35 - Budgets. › 53.35.020 - Publication of notice of preliminary budget and hearing.

RCW 53.35.020
Publication of notice of preliminary budget and hearing.
Following the preparation of the preliminary budget, the port commission shall publish a notice stating that the preliminary budget of the port district has been prepared and placed on file at the office of the port district; that a copy thereof may be obtained by any taxpayer at an address set forth in the notice; that the commission will meet at a date, hour and place set forth in the notice, such date to be not earlier than September 15th and not later than the first Tuesday following the first Monday in October, for the purpose of fixing and adopting the final budget of the port district for the ensuing year. The notice shall be published once each week for two consecutive weeks in a legal newspaper of the district, or if there is none, in any newspaper of general circulation in the county, the first publication to be not less than nine days nor more than twenty days prior to the date of the hearing.
[ 1959 c 159 § 2.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.35 - Budgets. › 53.35.030 - Hearing—Final budget.

RCW 53.35.030
Hearing—Final budget.
On the day set by the notice provided for in RCW 53.35.020 the commission shall meet at the place and hour designated for the purpose of a hearing on the budget and adoption of a final budget. Any person may present objections to the preliminary budget following which the commission shall, by resolution adopt a final budget.
[ 1959 c 159 § 3.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.35 - Budgets. › 53.35.040 - Final budget to be filed with county commissioners.

RCW 53.35.040
Final budget to be filed with county commissioners.
It shall be the duty of the commissioners of port districts, for the purpose of levying port district taxes, to file with the clerk of the board of county commissioners on or before the Wednesday next following the first Monday in October in each year a certified copy of such final budget which shall specify the amounts to be raised by taxation on the assessed valuation of the property in the port district.
[ 1959 c 159 § 4.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.35 - Budgets. › 53.35.045 - Alternate date for filing final budget.

RCW 53.35.045
Alternate date for filing final budget.
Notwithstanding any provision of law to the contrary, the board of commissioners of a port district may file with the clerk of the county legislative authority a certified copy of the port district final budget, provided for in RCW 53.35.040, on the first Monday in December. The board of port commissioners may also set other dates relating to the budget process, including but not limited to the dates set in RCW 53.35.010 and 53.35.020 to conform to the alternate date for final budget filing.
[ 1974 ex.s. c 19 § 1.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.35 - Budgets. › 53.35.050 - Supplemental budgets.

RCW 53.35.050
Supplemental budgets.
A port commission may adopt by resolution one or more supplemental budgets at any time during the fiscal year. Such supplemental budget shall be adopted only after public hearing. Notice of such hearing shall be given by a single publication of notice of the date, place and hour of the hearing in a legal newspaper of the district, or if there is none, in any newspaper of general circulation in the county, the publication of such notice to be at least five days and not more than fifteen days prior to the hearing date.
[ 1959 c 159 § 5.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.35 - Budgets. › 53.35.070 - Chapter exclusive method for budgets.

RCW 53.35.070
Chapter exclusive method for budgets.
The provisions of this chapter shall constitute the exclusive requirement and authority for the preparation, adoption, certification and filing of port district budgets.
[ 1959 c 159 § 7.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.010 - District treasurer.

RCW 53.36.010
District treasurer.
The treasurer of the county in which a port district is located shall be treasurer of the district unless the commission of a port district which has for the last three consecutive years received annual gross operating revenues of one hundred thousand dollars or more, excluding tax revenues and grants for capital purposes, designates by resolution some other person having experience in financial or fiscal matters as treasurer of the port district to act with the same powers and under the same restrictions as provided by law for a county treasurer acting on behalf of a port district: PROVIDED, That any port district which was authorized by the county treasurer to appoint its own treasurer prior to July 24, 1983, may continue to appoint its own treasurer. The commission may, and if the treasurer is not the county treasurer it shall, require a bond, with a surety company authorized to do business in the state of Washington, in an amount and under the terms and conditions which the commission by resolution from time to time finds will protect the district against loss. The premium on such bonds shall be paid by the district. All district funds shall be paid to the treasurer and shall be disbursed by him or her upon warrants signed by a port auditor appointed by the port commission, upon vouchers approved by the commission.
[ 2010 c 8 § 16011; 1983 c 250 § 1; 1974 ex.s. c 13 § 1; 1955 c 348 § 5. Prior: 1921 c 179 § 1, part; 1911 c 92 § 5, part; RRS § 9693, part.]
NOTES:
Severability—1955 c 348: See note following RCW 53.08.120.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.015 - Payment of claims—Use of warrants and checks.

RCW 53.36.015
Payment of claims—Use of warrants and checks.
A port district that acts as its own treasurer as provided in RCW 53.36.010 may by resolution adopt a policy for the payment of claims or other obligations of the port district, which are payable out of solvent funds, electing either to pay obligations by warrant or by check. However, no check shall be issued when the applicable fund is not solvent at the time payment is ordered, but a warrant shall be issued instead. When checks are to be used, the port commission shall designate the qualified public depository where checks are to be drawn, and the officers authorized or required to sign checks. Wherever in this title reference is made to warrants, the term includes checks where authorized by this section.
[ 2002 c 95 § 1.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.020 - Tax levy—Limitation.

RCW 53.36.020
Tax levy—Limitation.
A district may raise revenue by levy of an annual tax not to exceed forty-five cents per thousand dollars of assessed value against the assessed valuation of the taxable property in such port district for general port purposes, including the establishment of a capital improvement fund for future capital improvements, except that any levy for the payment of the principal and interest of the general bonded indebtedness of the port district shall be in excess of any levy made by the port district under the forty-five cents per thousand dollars of assessed value limitation. The levy shall be made and taxes collected in the manner provided for the levy and collection of taxes in school districts of the first class.
[ 1973 1st ex.s. c 195 § 56; 1955 c 65 § 11. Prior: 1951 c 133 § 1; 1943 c 166 § 2, part; 1921 c 183 § 1, part; 1917 c 125 § 1, part; 1913 c 62 § 4, part; 1911 c 92 § 4, part; Rem. Supp. 1943 § 9692, part.]
NOTES:
Severability—Effective dates and termination dates—Construction—1973 1st ex.s. c 195: See notes following RCW 84.52.043.
Budgets: Chapter 53.35 RCW.
Levy of taxes: Chapter 84.52 RCW.
Limitation on levies: State Constitution Art. 7 § 2 (Amendments 55 and 59); RCW 84.52.050 through 84.52.056.
School district levy: Chapter 28A.545 RCW.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.040 - Funds in anticipation of revenues—Warrants.

RCW 53.36.040
Funds in anticipation of revenues—Warrants.
(1) Any port commission is hereby authorized, prior to the receipt of taxes raised by levy, to borrow money or issue the warrants of the district in anticipation of the revenues to be derived by such district and such warrants shall be redeemed from the first money available from such taxes when collected. Such warrants may be in any form, including bearer warrants or registered warrants as provided in RCW 39.46.030.
(2) Notwithstanding subsection (1) of this section, such warrants may be issued and sold in accordance with chapter 39.46 RCW.
[ 1983 c 167 § 136; 1921 c 179 § 2; 1911 c 92 § 12; RRS § 9699.]
NOTES:
Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.050 - County treasurer—General and special funds—Depositories—Investment of excess funds.

RCW 53.36.050
County treasurer—General and special funds—Depositories—Investment of excess funds.
The county treasurer acting as port treasurer shall create a fund to be known as the "Port of . . . . . . Fund," into which shall be paid all money received by him or her from the collection of taxes in behalf of such port district, and shall also maintain such other special funds as may be created by the port commission into which shall be placed such moneys as the port commission may by its resolution direct. All such port funds shall be deposited with the county depositories under the same restrictions, contracts, and security as is provided by statute for county depositories and all interest collected on such port funds shall belong to such port district and shall be deposited to its credit in the proper port funds: PROVIDED, That any portion of such port moneys determined by the port commission to be in excess of the current needs of the port district may be invested by the county treasurer in accordance with RCW 36.29.020, 36.29.022, and chapter 39.59 RCW, and all interest collected thereon shall likewise belong to such port district and shall be deposited to its credit in the proper port funds.
[ 2010 c 8 § 16012; 1997 c 393 § 10; 1959 c 52 § 2; 1921 c 179 § 3; 1911 c 92 § 13; RRS § 9700.]
NOTES:
County depositaries: Chapter 36.48 RCW.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.060 - Incidental expense fund.

RCW 53.36.060
Incidental expense fund.
The port commission of any port district may, by resolution, create an incidental expense fund in such amount as the port commission may direct. Such incidental expense fund may be kept and maintained in a bank or banks designated in the resolution creating the fund, and such depository shall be required to give bonds or securities to the port district for the protection of such incidental expense fund, in the full amount of the fund authorized by the said resolution. Vouchers shall be drawn to reimburse said incidental expense fund and such vouchers shall be approved by the port commission. Transient labor, freight, express, cartage, postage, petty supplies, and minor expenses of the port district may be paid from said incidental expense fund and all such disbursements therefrom shall be by check of the port auditor or such other officer as the port commission shall by resolution direct. All expenditures from said incidental expense fund shall be covered by vouchers drawn by the port auditor and approved by the manager or such other officer of the port district as the port commission may by resolution direct. The officer disbursing said fund shall be required to give bond to the port district in the full authorized amount of the said incidental expense fund for the faithful performance of his or her duties in connection with the disbursement of moneys from such fund.
[ 2010 c 8 § 16013; 1933 c 189 § 16; RRS § 9699-1.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.070 - Levy for dredging, canal construction, or land leveling or filling purposes.

RCW 53.36.070
Levy for dredging, canal construction, or land leveling or filling purposes.
Any port district organized under the laws of this state shall, in addition to the powers otherwise provided by law, have the power to raise revenue by the levy and collection of an annual tax on all taxable property within such port district of not to exceed forty-five cents per thousand dollars of assessed value against the assessed valuation of the taxable property in such port district, for dredging, canal construction, or land leveling or filling purposes, the proceeds of any such levy to be used exclusively for such dredging, canal construction, or land leveling and filling purposes: PROVIDED, That no such levy for dredging, canal construction, or land leveling or filling purposes under the provisions of RCW 53.36.070 and 53.36.080 shall be made unless and until the question of authorizing the making of such additional levy shall have been submitted to a vote of the electors of the district in the manner provided by law for the submission of the question of making additional levies in school districts of the first class at an election held under the provisions of RCW 29A.04.330 and shall have been authorized by a majority of the electors voting thereon.
[ 2015 c 53 § 83; 1983 c 3 § 162; 1973 1st ex.s. c 195 § 57; 1965 ex.s. c 22 § 1; 1925 c 29 § 1; RRS § 9692-1.]
NOTES:
Severability—Effective dates and termination dates—Construction—1973 1st ex.s. c 195: See notes following RCW 84.52.043.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.080 - Collection of levies for dredging, canal construction, or land leveling or filling purposes.

RCW 53.36.080
Collection of levies for dredging, canal construction, or land leveling or filling purposes.
Whenever such additional levy for dredging, canal construction, or land leveling or filling purposes shall have been authorized by the electors of the district at an election, held subsequent to the time of making the levy for the district for general purposes, in any year, such levy shall be certified by the port commission in the manner provided by law for certifying levies for general purposes of the district, and shall be forthwith spread and extended upon the tax rolls for the current year, and the taxes so levied and extended shall be collected in the manner provided by law for the collection of general taxes.
[ 1965 ex.s. c 22 § 2; 1925 c 29 § 2; RRS § 9692-2.]
NOTES:
Collection of taxes, generally: Chapter 84.56 RCW.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.110 - Levy for industrial development district purposes—Excess funds to be used solely for retirement of general obligations.

RCW 53.36.110
Levy for industrial development district purposes—Excess funds to be used solely for retirement of general obligations. (Effective until January 1, 2026.)
In the event the levy herein authorized shall produce revenue in excess of the requirements to complete the projects of a port district then provided for in its comprehensive scheme of harbor improvements and industrial developments or amendments thereto, said excess shall be used solely for the retirement of general obligation bonded indebtedness.
[ 1957 c 265 § 2.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.120 - Expenditures for industrial development, trade promotion, or promotional hosting—Budgeting required.

RCW 53.36.120
Expenditures for industrial development, trade promotion, or promotional hosting—Budgeting required.
Under the authority of Article VIII, section 8, of the state Constitution, port district expenditures for industrial development, trade promotion or promotional hosting shall be pursuant to specific budget items as approved by the port commission at the annual public hearings on the port district budget.
[ 1967 c 136 § 1.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.130 - Expenditures for industrial development, trade promotion, or promotional hosting—Source and amount of funds.

RCW 53.36.130
Expenditures for industrial development, trade promotion, or promotional hosting—Source and amount of funds.
Funds for promotional hosting expenditures shall be expended only from gross operating revenues and shall not exceed one percent thereof upon the first two million five hundred thousand dollars of such gross operating revenues, one-half of one percent upon the next two million five hundred thousand dollars of such gross operating revenues, and one-fourth of one percent on the excess over five million dollars of such operating revenues: PROVIDED, HOWEVER, That in no case shall these limitations restrict a port district to less than twenty-five hundred dollars per year from any funds available to the port.
[ 1967 c 136 § 2.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.140 - Expenditures for industrial development, trade promotion, or promotional hosting—Rules and regulations—Authorizations—Vouchers.

RCW 53.36.140
Expenditures for industrial development, trade promotion, or promotional hosting—Rules and regulations—Authorizations—Vouchers.
Port commissions shall adopt, in writing, rules and regulations governing promotional hosting expenditures by port employees or agents. Such rules shall identify officials and agents authorized to make such expenditures and the approved objectives of such spending. Port commissioners shall not personally make such expenditures, or seek reimbursement therefor, except where specific authorization of such expenditures has been approved by the port commission. All payments and reimbursements shall be identified and supported on vouchers approved by the port auditor.
[ 1967 c 136 § 3.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.36 - Finances. › 53.36.150 - Expenditures for industrial development, trade promotion, or promotional hosting—Duties of state auditor.

RCW 53.36.150
Expenditures for industrial development, trade promotion, or promotional hosting—Duties of state auditor.
The state auditor shall, as provided in chapter 43.09 RCW:
(1) Audit expenditures made pursuant to RCW 53.36.120 through 53.36.150; and
(2) Promulgate appropriate rules and definitions as a part of the uniform system of accounts for port districts to carry out the intent of RCW 53.36.120 through 53.36.150: PROVIDED, That such accounts shall continue to include "gross operating revenues" which shall be exclusive of revenues derived from any property tax levy except as provided in RCW 53.36.130.
[ 1967 c 136 § 4.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.010 - Revenue bonds authorized.

RCW 53.40.010
Revenue bonds authorized.
The port commission of any port district is authorized for the purpose of carrying out the lawful powers granted port districts by the laws of the state to contract indebtedness and to issue revenue bonds evidencing such indebtedness in conformity with this chapter.
[ 1959 c 183 § 1; 1957 c 59 § 1; 1949 c 122 § 1; Rem. Supp. 1949 § 9711-1.]
NOTES:
Alternative authority to issue revenue bonds: RCW 39.46.150, 39.46.160.
Declaratory judgments of local bond issues: Chapter 7.25 RCW.
Funds for reserve purposes may be included in issue amount: RCW 39.44.140.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.020 - Purposes for which bonds may be issued and sold.

RCW 53.40.020
Purposes for which bonds may be issued and sold.
All such revenue bonds authorized under the terms of this chapter may be issued and sold by the port district from time to time and in such amounts as is deemed necessary by the port commission to provide sufficient funds for the carrying out of all port district powers, and without limiting the generality thereof, shall include the following: Acquisition, construction, reconstruction, maintenance, repair, additions and operation of port properties and facilities, including in the cost thereof engineering, inspection, accounting, fiscal and legal expenses; the cost of issuance of bonds, including printing, engraving and advertising and other similar expenses; payment of interest on the outstanding bonds issued for any project during the period of actual construction and for six months after the completion thereof, and the proceeds of such bond issue are hereby made available for all such purposes. "Port property and facilities," as used in this section, includes facilities for the freezing or processing of agricultural products.
[ 1987 c 289 § 2; 1959 c 183 § 2; 1957 c 59 § 3. Prior: 1949 c 122 § 2, part; Rem. Supp. 1949 § 9711-2, part.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.030 - Bonds—Term, form, etc.

RCW 53.40.030
Bonds—Term, form, etc.
(1) The port commission shall determine the form, conditions, and denominations of all such bonds, the maturity date or dates which the bonds so sold shall bear, and the interest rate or rates thereon. It shall not be necessary that all bonds of the same authorized issue bear the same interest rate or rates. Principal and interest of the bonds shall be payable at such place or places as may be fixed and determined by the port commission. The bonds may contain provisions for registration thereof as to principal only or as to both principal and interest as provided in RCW 39.46.030. The bonds shall have interest payable at such time or times as may be determined by the port commission and in such amounts as it may prescribe. The port commission may provide for retirement of bonds issued under this chapter at any time or times prior to their maturity, and in such manner and upon the payment of such premiums as may be fixed and determined by resolution of the port commission. The port commission may delegate authority to the chief executive officer of the port to approve the interest rate or rates, maturity date or dates, redemption rights, interest payment dates, and principal maturities under such terms and conditions approved by resolution of the port commission.
(2) Notwithstanding subsection (1) of this section, such bonds may be issued and sold in accordance with chapter 39.46 RCW.
[ 2000 c 181 § 1; 1983 c 167 § 137; 1970 ex.s. c 56 § 73; 1969 ex.s. c 232 § 37; 1959 c 183 § 3; 1957 c 59 § 4. Prior: 1949 c 122 § 2, part; Rem. Supp. 1949 § 9711-2, part.]
NOTES:
Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
Purpose—1970 ex.s. c 56: See note following RCW 39.52.020.
Validation—Saving—Severability—1969 ex.s. c 232: See notes following RCW 39.52.020.
Bonds—Form, terms of sale, payment, etc.: Chapter 39.44 RCW.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.040 - Bonds payable solely out of revenues—Special funds.

RCW 53.40.040
Bonds payable solely out of revenues—Special funds.
Bonds issued under the provisions of this chapter shall be payable solely out of operating revenues of the port district. Such bonds shall be authorized by resolution adopted by the port commission, which resolution shall create a special fund or funds into which the port commission may obligate and bind the port district to set aside and pay any part or parts of, or all of, or a fixed proportion of, or a fixed amount of the gross revenue of the port district for the purpose of paying the principal of and interest on such bonds as the same shall become due, and if deemed necessary to maintain adequate reserves therefor. Such fund or funds shall be drawn upon solely for the purpose of paying the principal and interest upon the bonds issued pursuant to this chapter.
The bonds shall be negotiable instruments within the provisions and intent of the negotiable instruments law of this state, even though they shall be payable solely from such special fund or funds, and the tax revenue of the port district may not be used to pay, secure, or guarantee the payment of the principal of and interest on such bonds. The bonds and any coupons attached thereto shall state upon their face that they are payable solely from such special fund or funds. If the port commission fails to set aside and pay into such fund or funds the payments provided for in such resolution, the owner of any such bonds may bring suit to compel compliance with the provisions of the resolution.
[ 1983 c 167 § 138; 1959 c 183 § 4; 1957 c 59 § 5; 1949 c 122 § 4; Rem. Supp. 1949 § 9711-4.]
NOTES:
Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
Negotiable instruments—Uniform Commercial Code: Title 62A RCW.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.050 - Sale of bonds to federal government.

RCW 53.40.050
Sale of bonds to federal government.
Port districts may, but are not required by the terms of this chapter to do so, sell any or all such bonds issued pursuant to this chapter to the federal government, or any agency of the federal government, at private sale and without the necessity of public advertisement or calling for bids.
[ 1959 c 183 § 5; 1957 c 59 § 6; 1949 c 122 § 3; Rem. Supp. 1949 § 9711-3.]
NOTES:
Bonds sold to government at private sale: Chapter 39.48 RCW.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.110 - Interest, signatures, sale of bonds—Covenants—Safeguards—Enforcement.

RCW 53.40.110
Interest, signatures, sale of bonds—Covenants—Safeguards—Enforcement.
(1) The bonds issued pursuant to the provisions of this chapter shall bear interest at such rate or rates as authorized by the port commission; shall be signed on behalf of the port district by the president of the port commission and shall be attested by the secretary of the port commission, one of which signatures may be a facsimile signature, and shall have the seal of the port district impressed thereon; any interest coupons attached thereto shall be signed by the facsimile signatures of said officials. Such bonds shall be sold in the manner and at such price as the port commission shall deem best, either at public or private sale.
The port commission may provide such covenants as it may deem necessary to secure the payment of the principal of and interest on such bonds and may but shall not be required to include covenants to create a reserve fund or account and to authorize the payment or deposit of certain moneys therein for the purpose of securing the payment of such principal and interest; to establish, maintain, and collect tariffs, rates, charges, fees, rentals, and sales prices on facilities and services the income of which is pledged for the payment of such bonds, sufficient to pay or secure the payment of such principal and interest and to maintain an adequate coverage over annual debt service; and to make any and all other covenants not inconsistent with the provisions of this chapter which will increase the marketability of such bonds. The port commission may also provide that revenue bonds payable out of the same source or sources may later be issued on a parity with any revenue bonds being issued and sold. The provisions of this chapter and any resolution or resolutions providing for the authorization, issuance, and sale of such bonds shall constitute a contract with the owners of such bonds, and the provisions thereof shall be enforceable by any owner of such bonds by mandamus or any appropriate suit, action or proceeding at law or in equity in any court of competent jurisdiction.
(2) Notwithstanding subsection (1) of this section, such bonds may be issued and sold in accordance with chapter 39.46 RCW.
[ 1983 c 167 § 139; 1970 ex.s. c 56 § 74; 1969 ex.s. c 232 § 38; 1959 c 183 § 6; 1949 c 122 § 9; Rem. Supp. 1949 § 9711-8.]
NOTES:
Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
Purpose—1970 ex.s. c 56: See note following RCW 39.52.020.
Validation—Saving—Severability—1969 ex.s. c 232: See notes following RCW 39.52.020.
Mandamus: Chapter 7.16 RCW.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.120 - Irregularity in bonds or use of funds no defense.

RCW 53.40.120
Irregularity in bonds or use of funds no defense.
The Reconstruction Finance Corporation, or any other agency of the United States government making any such loan, or any other holder or owner of any bonds issued pursuant to this chapter, shall not be required to see to the application of the moneys derived from such bonds to the purposes for which the bonds are issued as specified in any resolution authorizing the issuance thereof. No defense of invalidity, or irregularity in any such bonds funded or refunded by the issuance of bonds hereunder, shall be a valid defense in any action at law or equity for a judgment upon or for the enforcement or collection of any bonds issued pursuant to this chapter, and no court shall have jurisdiction to entertain any such defense in any such action or proceeding.
[ 1957 c 59 § 10. Prior: 1949 c 122 § 7, part; Rem. Supp. 1949 § 9711-6, part.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.125 - District may mortgage industrial development facility.

RCW 53.40.125
District may mortgage industrial development facility.
The port commission of any port district, as security for the payment of the principal of and interest on any revenue bonds issued and any agreements made in connection therewith, may mortgage, pledge, or otherwise encumber the particular industrial development facility or facilities or any part or parts thereof that are being financed by the revenue bonds, whether then owned or thereafter acquired, and may assign any mortgage and repledge any security conveyed to the port district for that particular facility or facilities.
[ 1987 c 289 § 1.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.130 - Funding, refunding bonds.

RCW 53.40.130
Funding, refunding bonds.
(1) The port commission of any port district may by resolution, from time to time, provide for the issuance of funding or refunding revenue bonds to fund or refund any outstanding revenue warrants, bonds, and any premiums and interest due thereon at or before the maturity of such warrants or bonds, and may combine various outstanding revenue warrants and parts or all of various series and issues of outstanding revenue bonds and any matured coupons in the amount thereof to be funded or refunded.
The port commission shall create a special fund for the sole purpose of paying the principal of and interest on such funding or refunding revenue bonds, into which fund the commission shall obligate and bind the port district to set aside and pay any part or parts of, or all of, or a fixed proportion of, or a fixed amount of the gross revenue of the port district sufficient to pay such principal and interest as the same shall become due, and if deemed necessary to maintain adequate reserves therefor.
Such funding or refunding bonds shall be negotiable instruments within the provisions and intent of the negotiable instruments law of this state, and the tax revenue of the port district may not be used to pay, secure, or guarantee the payment of the principal of and interest on such bonds. Such bonds may be in any form, including bearer bonds or registered bonds as provided in RCW 39.46.030.
The port district may exchange such funding or refunding bonds for the warrants, bonds, and any coupons being funded or refunded, or it may sell such funding or refunding bonds in the manner, at such rate or rates of interest and at such price as the port commission shall deem to be for the best interest of the district and its inhabitants, either at public or private sale.
The provisions of this chapter relating to the terms, conditions, covenants, issuance, and sale of revenue bonds shall be applicable to such funding or refunding bonds except as may be otherwise specifically provided in this section.
(2) Notwithstanding subsection (1) of this section, such bonds may be issued and sold in accordance with chapter 39.46 RCW.
[ 1983 c 167 § 140; 1970 ex.s. c 56 § 75; 1969 ex.s. c 232 § 39; 1959 c 183 § 7; 1949 c 122 § 8; Rem. Supp. 1949 § 9711-7.]
NOTES:
Liberal construction—Severability—1983 c 167: See RCW 39.46.010 and note following.
Purpose—1970 ex.s. c 56: See note following RCW 39.52.020.
Validation—Saving—Severability—1969 ex.s. c 232: See notes following RCW 39.52.020.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.135 - Revenue warrants.

RCW 53.40.135
Revenue warrants.
Port districts may also issue revenue warrants for the same purposes for which they may issue revenue bonds, and the provisions of this chapter relating to the terms, conditions, covenants, issuance, and sale of revenue bonds shall be applicable to such revenue warrants.
[ 1959 c 183 § 8.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.140 - Construction of chapter.

RCW 53.40.140
Construction of chapter.
This chapter shall be complete authority for the issuance of the bonds and warrants hereby authorized, and shall be liberally construed to accomplish its purposes. Any restrictions, limitations or regulations relative to the issuance of such bonds or warrants contained in any other act shall not apply to the bonds or warrants issued under this chapter. Any act inconsistent herewith shall be deemed modified to conform with the provisions of this chapter for the purpose of this chapter only.
[ 1949 c 122 § 10; Rem. Supp. 1949 § 9711-9.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.40 - Revenue Bonds and Warrants. › 53.40.150 - Validation—1959 c 183.

RCW 53.40.150
Validation—1959 c 183.
Any sale of revenue bonds or warrants of port districts heretofore made, whether at public or private sale and whether at par or less than par as authorized herein, and any terms, conditions, and covenants of any revenue bonds or warrants of port districts heretofore issued, are hereby declared to be valid, legal, and binding in all respects: PROVIDED, HOWEVER, That this section shall not be construed to exonerate any officer or agent of any such district from any liability for any acts which were committed fraudulently or in bad faith.
[ 1959 c 183 § 9.]
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.44 - Funding and Refunding Indebtedness—1947 Act. › 53.44.010 - Funding and refunding authorized.

RCW 53.44.010
Funding and refunding authorized.
The board of commissioners of any port district of the state may fund or refund any of the general bonded indebtedness and/or warrants of the district now or hereafter existing and accrued interest thereon, and may combine various series and/or issues of warrants and/or bonds into a single issue of funding or refunding bonds, by the issuance of general obligation funding or refunding bonds, when the board, by resolution, finds, determines, and declares that such proposed funding or refunding will inure to the benefit and credit of the district and will not result in an increase of the district's indebtedness or in an increase in the rate of interest borne by the indebtedness so funded or refunded. Such funding or refunding may be accomplished by the sale of said funding or refunding bonds or by their exchange for the bonds and/or warrants to be refunded. General obligation bonds of a port district which do not provide for prior redemption, may also be refunded with the consent of the holders thereof. Such bonds shall be issued in accordance with chapter 39.46 RCW.
[ 1984 c 186 § 42; 1947 c 239 § 1; Rem. Supp. 1947 § 5623-1.]
NOTES:
Purpose—1984 c 186: See note following RCW 39.46.110.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.44 - Funding and Refunding Indebtedness—1947 Act. › 53.44.030 - Maturities—Payment.

RCW 53.44.030
Maturities—Payment.
Such funding or refunding bonds shall run for a period of not exceeding twenty years from date thereof. The board may apply to the payment of the funding or refunding bonds and to the prior redemption thereof any other moneys or funds belonging to the district which are legally available for such purpose.
[ 1984 c 186 § 43; 1947 c 239 § 3; Rem. Supp. 1947 § 5623-3.]
NOTES:
Purpose—1984 c 186: See note following RCW 39.46.110.
2023 Revised Code of Washington › Title 53 - Port Districts › Chapter 53.46 - Consolidation. › 53.46.005 - Definitions.

RCW 53.46.005
Definitions.
As used in this chapter the term "principal county auditor" and "principal county treasurer" shall be the county auditor or county treasurer in the county having the largest assessed valuation of the total of the proposed consolidated port district.
[ 1965 c 102 § 1.]