§ 43.185.120. Protection of state's interest
The department shall adopt policies to ensure that the state's interest will be protected upon either the sale or change of use of projects financed in whole or in part under RCW 43.185.050(2) (a), (i), and (j). These policies may include, but are not limited to: (1) Requiring a share of the appreciation in the project in proportion to the state's contribution to the project; (2) requiring a lump-sum repayment of the loan or grant upon the sale or change of use of the project; or (3) requiring a deferred payment of principal or principal and interest on loans after a specified time period.
[1991 c 356 § 7.]
Sections: Previous 43.185.050 43.185.060 43.185.070 43.185.070 43.185.074 43.185.076 43.185.080 43.185.090 43.185.100 43.185.110 43.185.120 43.185.130 43.185.900 43.185.910 43.185.911 NextLast modified: April 7, 2009