City of Spokane

Spokane Municipal Code

***Note: Many local criminal codes can now be located under Chapter 10.60 SMC while others are now cited under the Revised Code of Washington (RCW), which was incorporated into the municipal code in 2022. (See SMC 10.58.010). Code Enforcement, including Noise Control and Animal Regulations are located in Chapters 10.62 through 10.74.

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Title 07
Chapter 07.08
Section 07.08.414
 

Title 07 Finance

Chapter 07.08 Funds

Article V. Enterprise Funds

Section 07.08.414 Water Revenue Bond Fund

  1. There is created the “water revenue bond fund” for the sole purpose of paying the principal, interest and premium, if any, of the City of Spokane water revenue bonds.
     
  2. Within the fund is a debt service account into which scheduled amounts are paid from revenues of the system to pay the principal and interest next coming due on the bonds.
     
  3. Within the fund there is a reserve account to secure payment of the bonds and any parity bonds into which sums will be paid in accordance with any ordinance covenants.

Date Passed: Monday, May 7, 2007

Effective Date: Wednesday, June 20, 2007

Recodification ORD C34024 Section 1