There may be created for each irrigation district a fund to be known as the upgrading and improvement fund. The board of directors shall determine what portion of the annual revenue of the irrigation district will be placed into its upgrading and improvement fund, including all or any part of the funds received by a district from the sale, delivery, and distribution of electrical energy. Moneys from the upgrading and improvement fund may only be used to modernize, improve, or upgrade the irrigation facilities of the irrigation district or to respond to an emergency affecting such facilities.

[2004 c 215 § 3; 1979 ex.s. c 263 § 4.]

NOTES:

     Severability -- 1979 ex.s. c 263: See note following RCW 43.83B.300.