Revised Code of Washington - RCW Title 43 State Government -- Executive - Chapter 43.163 Economic Development Finance Authority
- 43.163.005 Purpose -- Construction
Economic development is essential to the health, safety, and welfare of all Washington citizens by broadening and strengthening state and local tax bases, providing meaningful ...
- 43.163.010 Definitions
As used in this chapter, the following words and terms have the following meanings, unless the context requires otherwise: (1) "Authority" means the Washington economic ...
- 43.163.020 Economic development finance authority created -- Membership
The Washington economic development finance authority is established as a public body corporate and politic, with perpetual corporate succession, constituting an instrumentality of the state ...
- 43.163.030 Small businesses -- Funding of export transactions
(1) The authority, in cooperation with the small business export finance assistance center and other export assistance entities, is authorized to develop and conduct a ...
- 43.163.040 Farmers -- Advance financing, agriculture conservation reserve program
To provide capital for economic development purposes, the authority is authorized to develop and conduct a program or programs to provide advance financing to eligible ...
- 43.163.050 Pooling of loans
The authority is authorized to develop and conduct a program or programs to promote small business and agricultural financing in the state through the pooling ...
- 43.163.060 Scope of authority's powers -- Duties of other agencies
(1) The authority is authorized to participate fully in federal and other governmental economic development finance programs and to take such actions as are necessary ...
- 43.163.070 Use of funds
The authority may use any funds legally available to it for any purpose specifically authorized by this chapter, or for otherwise improving economic development in ...
- 43.163.080 General operating procedures
(1) The authority shall adopt general operating procedures for the authority. The authority shall also adopt operating procedures for individual programs as they are developed ...
- 43.163.090 Economic development finance objectives plan
The authority shall adopt a general plan of economic development finance objectives to be implemented by the authority during the period of the plan. The ...
- 43.163.100 Powers of the authority
In addition to accomplishing the economic development finance programs specifically authorized in this chapter, the authority may: (1) Maintain an office or offices; (2) Sue ...
- 43.163.110 Restrictions on authority's activity
Notwithstanding any other provision of this chapter, the authority shall not: (1) Give any state money or property or loan any state money or credit ...
- 43.163.120 Staffing, restrictions -- Authority not to receive appropriated state funds
The authority shall receive no appropriation of state funds. The department of community, trade, and economic development shall provide staff to the authority, to the ...
- 43.163.130 Nonrecourse revenue bonds -- Issuance
(1) The authority may issue its nonrecourse revenue bonds in order to obtain the funds to carry out the programs authorized in this chapter. The ...
- 43.163.140 Nonrecourse revenue bonds -- Contracts -- Restrictions
(1) Bonds issued by the authority under this chapter shall not be deemed to constitute obligations, either general, special or moral, of the state or ...
- 43.163.150 Nonrecourse revenue bonds -- Financing documents, scope
The authority may enter into financing documents with borrowers regarding bonds issued by the authority that may provide for the payment by each borrower of ...
- 43.163.160 Nonrecourse revenue bonds -- Money received shall be trust funds
All money received by or on behalf of the authority with respect to this issuance of its bonds shall be trust funds to be held ...
- 43.163.170 Nonrecourse revenue bonds -- Owner and trustee, enforcement of rights
Any owner of bonds of the authority issued under this chapter, and the trustee under any trust agreement or indenture, may, either at law or ...
- 43.163.180 Nonrecourse revenue bonds as legal investment
The bonds or [of] the authority are securities in which all public officers and bodies of this state and all counties, cities, municipal corporations and ...
- 43.163.190 Chapter as an alternative bond issuance method
This chapter provides a complete, additional and alternative method for accomplishing the purposes of this chapter and shall be regarded as supplemental and additional to ...
- 43.163.200 Construction
Insofar as the provisions of this chapter are inconsistent with the provisions of any general or special law, or parts thereof, the provisions of this ...
- 43.163.210 Nonrecourse revenue bond financing -- Economic development activities -- New products
For the purpose of facilitating economic development in the state of Washington and encouraging the employment of Washington workers at meaningful wages: (1) The authority ...
- 43.163.901 Severability -- 1989 c 279
If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application ...
Last modified: April 7, 2009