Revised Code of Washington - RCW Title 39 Public Contracts And Indebtedness - Chapter 39.84 Industrial Development Revenue Bonds

39.84.010 Finding and declaration of necessity
The legislature hereby finds and declares that this state urgently needs to do the following: Promote higher employment; encourage the development of new jobs; maintain ...

39.84.020 Definitions
As used in this chapter, the following terms have the meanings indicated unless the context clearly requires otherwise. (1) "Board of directors" means the board ...

39.84.030 Public corporations -- Creation, dissolution
(1) For the purpose of facilitating economic development and employment opportunities in the state of Washington through the financing of the project costs of industrial ...

39.84.040 Board of directors of public corporation
The ordinance creating a public corporation shall include provisions establishing a board of directors to govern the affairs of the public corporation, what constitutes a ...

39.84.050 Public corporations -- Directors -- Conflicts of interest
It shall be illegal for a director, officer, agent, or employee of a public corporation to have, directly or indirectly, any financial interest in any ...

39.84.060 Public corporations -- Limitations
No municipality may give or lend any money or property in aid of a public corporation. The municipality that creates a public corporation shall annually ...

39.84.070 Public corporations -- Audit by state
The finances of any public corporation are subject to examination by the state auditor's office pursuant to RCW 43.09.260.[1981 c 300 § 7.] ...

39.84.080 Public corporations -- Powers
(1) A public corporation created under this chapter has the following powers with respect to industrial development facilities together with all powers incidental thereto or ...

39.84.090 Reporting to the department of community, trade, and economic development
(1) Prior to issuance of any revenue bonds, each public corporation shall submit a copy of its enabling ordinance and charter, a description of any ...

39.84.100 Revenue bonds -- Provisions
(1) The principal of and the interest on any revenue bonds issued by a public corporation shall be payable solely from the funds provided for ...

39.84.110 Revenue bonds -- Refunding
Each public corporation may provide by resolution for the issuance of revenue refunding bonds for the purpose of refunding any revenue bonds issued for an ...

39.84.120 Trust agreements
Any bonds issued under this chapter may be secured by a trust agreement between the public corporation and a corporate trustee, which may be any ...

39.84.130 Commingling of bond proceeds or revenues with municipal funds prohibited -- Exception
No part of the proceeds received from the sale of any revenue bonds under this chapter, of any revenues derived from any industrial development facility ...

39.84.140 Subleases and assignments
A lessee or contracting party under a sale contract or loan agreement shall not be required to be the eventual user of an industrial development ...

39.84.150 Determination of rent
Before entering into a lease, sale contract, or loan agreement with respect to any industrial development facility, the public corporation shall determine that there are ...

39.84.160 Proceedings in the event of default
The proceedings authorizing any revenue bonds under this chapter or any financing document securing the revenue bonds may provide that if there is a default ...

39.84.170 Implementation of economic development programs by port district -- Use of nonprofit corporations -- Transfer of funds
Funds received by a port district under RCW 39.84.130 may be transferred to a nonprofit corporation created or re-created for the exclusive purpose of providing ...

39.84.200 Authority of community economic revitalization board under this chapter
The community economic revitalization board under chapter 43.160 RCW shall have all the powers of a public corporation under this chapter. To the extent applicable, ...

39.84.900 Construction -- Supplemental nature of chapter
This chapter supplements and neither restricts nor limits any powers which a municipality or presently authorized public corporation might otherwise have under any laws of ...

39.84.910 Captions not part of law
As used in this chapter, captions constitute no part of the law.[1981 c 300 § 19.] ...

39.84.920 Severability -- 1981 c 300
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 ...