Revised Code of Washington - RCW Title 28B Higher Education - Chapter 28B.07 Washington Higher Education Facilities Authority
- 28B.07.010 Intent
The legislature finds that the state has a vital interest in ensuring that higher education institutions are maintained in the state in sufficient numbers and ...
- 28B.07.020 Definitions
As used in this chapter, the following words and terms shall have the following meanings, unless the context otherwise requires: (1) "Authority" means the Washington ...
- 28B.07.021 Definitions
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Authority" means the Washington higher education facilities authority established ...
- 28B.07.030 Washington higher education facilities authority -- Created -- Members -- Chairperson -- Records -- Quorum -- Compensation and travel expenses
(1) The Washington higher education facilities authority is hereby established as a public body corporate and politic, with perpetual corporate succession, constituting an agency of ...
- 28B.07.040 Powers and duties
The authority is authorized and empowered to do the following, on such terms, with such security and undertakings, subject to such conditions, and in return ...
- 28B.07.050 Special obligation bonds -- Issuance -- Personal liability -- Debt limit
(1) The authority may, from time to time, issue its special obligation bonds in order to carry out the purposes of this chapter and to ...
- 28B.07.060 Bonds -- Special obligations -- Payment -- Funds -- Segregation of proceeds and moneys
Bonds issued under this chapter shall not be deemed to constitute obligations, either general or special, of the state or of any political subdivision of ...
- 28B.07.070 Agreements with participant -- Participant's payment of certain costs and expenses
In connection with any bonds issued by the authority, the authority shall enter into agreements with participants which shall provide for the payment by each ...
- 28B.07.080 Moneys deemed trust funds -- Agreement or trust indenture with bank or trust company authorized
All moneys received by or on behalf of the authority under this chapter, whether as proceeds from the sale of bonds or from participants or ...
- 28B.07.090 Holders or owners of bonds -- Trustees -- Enforcement of rights -- Purchase at foreclosure sale
Any holder or owner of bonds of the authority issued under this chapter or any holder of the coupons appertaining to the bonds, and the ...
- 28B.07.100 Bonds are securities -- Legal investments
The bonds of the authority are securities in which all public officers and bodies of this state and all counties, cities, municipal corporations, and political ...
- 28B.07.110 Projects or financing -- Exemption from certain restrictions on procedures for awarding contracts
A project or the financing or refinancing thereof pursuant to this chapter shall not be subject to the requirements of any law or rule relating ...
- 28B.07.120 Bond counsel -- Selection
(1) The authority shall adopt written policies to provide for the selection of bond counsel. The policies shall provide for the creation and maintenance of ...
- 28B.07.130 Underwriters -- Selection
(1) The authority shall adopt written policies to provide for the selection of underwriters. The policies shall provide for the creation of a roster of ...
- 28B.07.300 Student loan financing -- Authority -- Liability
(1) In addition to its existing powers, the authority has the following powers with respect to student loan financing: (a) To originate and purchase educational ...
- 28B.07.310 Administration of alternative state educational loans
The authority, in addition to administering federal loan programs, may administer an alternative state educational loan program that may include the purchase or origination of ...
- 28B.07.320 Revenue bonds -- Issuance -- Payment -- Personal liability
(1) The authority may, from time to time, issue revenue bonds in order to carry out the purposes of this chapter. (2) The bonds shall ...
- 28B.07.330 Revenue refunding bonds
Bonds may be issued by the authority to refund other outstanding bonds issued pursuant to this chapter, at or prior to the maturity thereof, and ...
- 28B.07.340 Trust funds -- Trust agreements
All moneys received by or on behalf of the authority under this chapter, whether as proceeds from the sale of bonds or from other sources ...
- 28B.07.350 Proceeds fund
(1) All proceeds derived from a particular bond under the provisions of this chapter shall be deposited in a fund to be known as the ...
- 28B.07.360 Default
The proceedings authorizing any revenue obligations under this chapter or any financing document securing the revenue bonds may provide that if there is a default ...
- 28B.07.370 Debt limitation
Bonds issued by the authority under this chapter shall not be subject to the debt limitation set forth in RCW 28B.07.050(9).[2007 c 36 § 11.]Notes: ...
- 28B.07.380 Sale of assets
The authority is authorized to offer for sale from time to time loan portfolios or other assets accumulated by the authority. Sales shall be conducted ...
- 28B.07.900 Chapter supplemental -- Application of other laws
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 ...
- 28B.07.910 Construction -- 1983 c 169
This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes. Insofar as the provisions ...
- 28B.07.920 Severability -- 1983 c 169
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 ...
- 28B.07.925 Chapter supplemental -- Application of other laws
This chapter shall be regarded as supplemental and additional to the powers conferred on the authority by other laws. The issuance of bonds and refunding ...
- 28B.07.926 Construction -- 2007 c 36
This act, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes thereof.[2007 c 36 § ...
- 28B.07.927 Conflict with federal requirements -- 2007 c 36
If any part of this act is found to be in conflict with federal requirements under the higher education act of 1965, the conflicting part ...
- 28B.07.928 Captions not law -- 2007 c 36
Captions used in this act are not any part of the law.[2007 c 36 § 16.] ...
- 28B.07.929 Severability -- 2007 c 36
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