INVESTMENT OF CITY FUNDS

SEA-MC tit. 5, subtit. I, ch. 5.04

in effect

Seattle Mun. Code § 5.04.020 Property tax—Investment policy

5.04.020 - Property tax—Investment policy It shall be the policy of the City to receive collections of property taxes and abatement liens as soon as practical and to invest funds not required or available for immediate expenditure for the benefit of the City as authorized by law. (Ord. 108998, § 1, 1980.)

Seattle Mun. Code § 5.04.030 Property tax—Transfer from King County

5.04.030 - Property tax—Transfer from King County King County is authorized and requested to distribute to the Director of Finance and Administrative Services for and on behalf of the City all property taxes and abatement liens collected as frequently as daily; and the Director of Finance and Administrative Services is authorized to deliver a receipt therefor whenever funds are delivered to the City. Delivery may be in money or as a transfer of an investment authorized by RCW 36.29.020 and made by King County for the City. (Ord. 123361, § 113, 2010; Ord. 120794, § 78, 2002 [department head name change]; Ord. 120181, § 26, 2000 [department head name change]; Ord. 116368, § 120, 1992 [department head name change]; Ord. 108998, § 2, 1980.)

Source: City of Seattle, Seattle Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/wa/seattle/codes/municipal_code?nodeId=TIT5REFITA_SUBTITLE_IGERE_CH5.04INFUFetched: 11/1/2026