Loan agreements — Assessments may be pledged.

RCW 35.51.050
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Assessments for local improvements in a local improvement district created by a municipality may be pledged and applied when collected to the payment of its obligations under a loan agreement entered into under chapter 39.69 RCW to pay costs of improvements in such a local improvement district. Assessments for local improvements in a local improvement district created by a municipality may be pledged and applied when collected to the payment of its obligations under a loan agreement entered into under chapter 39.69 RCW to pay costs of improvements in such a local improvement district.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=35.51&full=trueFetched: 6/29/2026

Starting a business in Washington? Washington LLC guide: costs and requirements