Washington State

Office of the Attorney General

Attorney General

Bob Ferguson

AGO 1969 NO. 14 >

(1) Under § 1, chapter 142, Laws of 1969, which establishes the bonding capacity of a school district as being a certain percentage of the "value of the taxable property in such district," the measuring property value is the actual "true and fair" value in money of the property in the district as contrasted with the assessed valuation of such property. (2) In the case of a school district located in a county for which the assessment ratio used by the county assessor for property tax purposes has been and is presently 25% of the true value of the taxable property, the combined effect of (a) § 1, chapter 142, Laws of 1969, and (b) the decision of the state supreme court in Carkonen, et al. v. Williams, et al. , ____ Wn.2d ____ [[76 Wn.2d 617]](September 4, 1969), and accompanying order of the state department of revenue requiring use of a 50% assessment ration as of January 1, 1970, will be to increase such district's bonding capacity by a multiple of four.

AGO 1967 NO. 19 >

The debt limitation of a water district is to be calculated on the basis of the actual value of the taxable property located therein, and not upon the basis of the assessed valuation of such property.

AGO 1957 NO. 23 >

A Bond issue to finance the construction of certain buildings at the University of Washington does not contravene constitutional limitations on the amount of state debt that may be incurred, if passable solely from tuition fees.

AGO 1961 NO. 31 >

The board of county commissioners of Pacific county is legally authorized to contribute toward the cost of construction of a Washington approach to the proposed Astoria-Megler bridge, within the debt limit requirements.