reglab/housing_qa huggingface dataset:
WA Rev Code § 39.84.090 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.090 - Reporting to the department of community, trade, and economic development.

RCW 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 industrial development facility proposed to be undertaken, and the basis for its qualification as an industrial development facility to the *department of community, trade, and economic development.(2) If the industrial development facility is not eligible under this chapter, the *department of community, trade, and economic development shall give notice to the public corporation, in writing and by certified mail, within twelve working days of receipt of the description.(3) The *department of community, trade, and economic development shall provide such advice and assistance to public corporations and municipalities which have created or may wish to create public corporations as the public corporations or municipalities request and the *department of community, trade, and economic development considers appropriate.[ 1998 c 245 § 34; 1995 c 399 § 56; 1987 c 505 § 22; 1985 c 466 § 46; 1981 c 300 § 9.]NOTES:*Reviser's note: The "department of community, trade, and economic development" was renamed the "department of commerce" by 2009 c 565.Effective date—Severability—1985 c 466: See notes following RCW 43.31.125.Department of commerce: Chapter 43.330 RCW.
WA Rev Code § 39.84.110 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.110 - Revenue bonds—Refunding.

RCW 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 industrial development facility under this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption or maturity of the revenue bonds and, if considered advisable by the public corporation, for the additional purpose of financing improvements, extensions, or enlargements to the industrial development facility for another industrial development facility. The issuance of the revenue bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties, and obligations of the public corporation in respect to the same shall be governed by this chapter insofar as applicable.[ 1981 c 300 § 11.]
WA Rev Code § 39.84.120 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.120 - Trust agreements.

RCW 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 trust company or bank having the powers of a trust company within or without the state. The trust agreement may evidence a pledge or assignment of the financing documents and lease, sale, or loan revenues to be received from a lessee or purchaser of or borrower with respect to an industrial development facility for the payment of principal of and interest and any premium on the bonds as the same shall become due and payable and may provide for creation and maintenance of reserves for these purposes. A trust agreement or resolution providing for the issuance of the revenue bonds may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties in relation to the acquisition of property and the construction, improvement, maintenance, use, repair, operation, and insurance of the industrial development facility for which the bonds are authorized, and the custody, safeguarding, and application of all money. Any bank or trust company incorporated under the laws of the state which may act as depository of the proceeds of revenue bonds or of revenues may furnish such indemnifying bonds or pledge such securities as may be required by the corporation. A trust agreement may set forth the rights and remedies of the bondholders and of the trustee and may restrict the individual right of action by bondholders as is customary in trust agreements or trust indentures securing bonds and debentures of private corporations. In addition, a trust agreement may contain such provisions as the public corporation considers reasonable and proper for the security of the bondholders which are not in conflict with this chapter.[ 1981 c 300 § 12.]
WA Rev Code § 39.84.130 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.130 - Commingling of bond proceeds or revenues with municipal funds prohibited—Exception.

RCW 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 acquired or held under this chapter, or of any interest realized on moneys received under this chapter may be commingled by the public corporation with funds of the municipality creating the public corporation. However, those funds of the public corporation, other than proceeds received from the sale of revenue bonds, that are not otherwise encumbered for the payment of revenue bonds and are not reasonably anticipated by the board of directors to be necessary for administrative expenses of the public corporation may be transferred to the creating municipality and used for growth management, planning, or other economic development purposes.[ 1993 c 139 § 1; 1981 c 300 § 13.]
WA Rev Code § 39.84.140 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.140 - Subleases and assignments.

RCW 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 facility if any sublessee or assignee assumes all of the obligations of the lessee or contracting party under the lease, sale contract, or loan agreement, but the lessee or contracting party or their successors shall remain primarily liable for all of its obligations under the lease, sale contract, or loan agreement and the use of the industrial development facility shall be consistent with the purposes of this chapter.[ 1981 c 300 § 14.]
WA Rev Code § 39.84.150 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.150 - Determination of rent.

RCW 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 sufficient revenues to pay (1) the principal of and the interest on the revenue bonds proposed to be issued to finance the industrial development facility; (2) the amount necessary to be paid each year into any reserve funds which the public corporation considers advisable to establish in connection with the retirement of the proposed bonds and the maintenance of the industrial development facility; and (3) unless the terms of the lease, sale contract, or loan agreement provide that the lessee or contracting party shall maintain the industrial development facility and carry all proper insurance with respect thereto, the estimated cost of maintaining the industrial development facility in good repair and keeping it properly insured.[ 1981 c 300 § 15.]
WA Rev Code § 39.84.160 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.160 - Proceedings in the event of default.

RCW 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 in the payment of the principal of or the interest on the bonds or in the performance of any agreement contained in the proceedings or financing document, the payment and performance may be enforced by mandamus or by the appointment of a receiver in equity with power to charge and collect rents, purchase price payments, and loan repayments, and to apply the revenues from the industrial development facility in accordance with the proceedings or provisions of the financing document. Any financing document entered into under this chapter to secure revenue bonds issued under this chapter may also provide that if there is a default in the payment thereof or a violation of any agreement contained in the financing document, the industrial development facility may be foreclosed and sold under proceedings in equity or in any other manner now or hereafter permitted by law. Any financing document may also provide that any trustee under the financing document or the holder of any revenue bonds secured thereby may become the purchaser at any foreclosure sale if it is the highest bidder.[ 1981 c 300 § 16.]
WA Rev Code § 39.84.170 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.170 - Implementation of economic development programs by port district—Use of nonprofit corporations—Transfer of funds.

RCW 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 training, education, and general improvement to the public sector management skills necessary to implement the economic development programs of the port district. The nonprofit corporation selected for that purpose may be, without limitation, a corporation formed by the Washington public ports association.Any nonprofit corporation selected for the purposes of this section must have tax exempt status under 26 U.S.C. Sec. 501(c)(3).Transfers and expenditures of funds shall be deemed to be for industrial development and trade promotion as provided in Article VIII, section 8 of the Washington state Constitution.Nothing in this chapter shall be construed to prohibit the receipt of additional public or private funds by a nonprofit corporation for the purposes described in this section.[ 2000 c 198 § 2.]
WA Rev Code § 39.84.200 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.200 - Authority of community economic revitalization board under this chapter.

RCW 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, all duties of a public corporation apply to the community economic revitalization board in exercising its powers under this chapter.[ 1984 c 257 § 11.]
WA Rev Code § 39.84.900 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.900 - Construction—Supplemental nature of chapter.

RCW 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 this state.[ 1981 c 300 § 17.]
WA Rev Code § 39.84.910 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.84 - Industrial Development Revenue Bonds.|39.84.910 - Captions not part of law.

RCW 39.84.910 Captions not part of law.As used in this chapter, captions constitute no part of the law.[ 1981 c 300 § 19.]
WA Rev Code § 39.86.100 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.86 - Private Activity Bond Allocation.|39.86.100 - Legislative findings and policy.

RCW 39.86.100 Legislative findings and policy.The federal internal revenue code of 1986, as amended imposes ceilings on the aggregate amount of certain types of bonds, including tax-exempt private activity bonds and other types, that may be issued during any calendar year by or on behalf of states and their political subdivisions. The code provides a formula for allocating the annual tax-exempt private activity bond ceiling among various issuers of private activity bonds for housing, student loans, exempt facilities, and redevelopment projects within a state, but permits each state to enact a different allocation method that is appropriate to that state's needs. In addition, congress might, from time to time, amend the code by authorizing state ceilings on additional types of bonds. The purpose of this chapter is to provide a flexible and efficient method of allocating the annual state ceiling in Washington in a manner that recognizes the need of the state and its political subdivisions to finance activities or projects that satisfy a substantial public purpose.[ 2010 1st sp.s. c 6 § 3; 2001 c 330 § 1; 1987 c 297 § 1.]NOTES:Short title—2010 1st sp.s. c 6: See note following RCW 43.180.160.
WA Rev Code § 39.86.120 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.86 - Private Activity Bond Allocation.|39.86.120 - Initial allocation.

RCW 39.86.120 Initial allocation.(1) Except as provided in subsections (2) and (4) of this section, the initial allocation of the state ceiling shall be for each year as follows:BOND USECATEGORY 2010 and THEREAFTERHousing 42.0%Small Issue 25.0%Exempt Facility 20.0%Student Loans 5.0%Public Utility 0.0%Remainder andRedevelopment 8.0%(2) Initial allocations may be modified by the agency only to reflect an issuer's carryforward amount. Any reduction of the initial allocation shall be added to the remainder and be available for allocation or reallocation.(3) The remainder shall be allocated by the agency among one or more issuers from any bond use category with regard to the criteria specified in RCW 39.86.130.(4) Should any bond use category no longer be subject to the state ceiling due to federal or state provisions of law, the agency shall divide the amount of that initial allocation among the remaining categories as necessary or appropriate with regard to the criteria specified in RCW 39.86.130.(5)(a) Prior to July 1st of each calendar year, any available portion of an initial allocation may be allocated or reallocated only to an issuer within the same bond use category, except that the remainder category, or portions thereof, may be allocated at any time to any bond use category.(b) Beginning July 1st of each calendar year, the agency may allocate or reallocate any available portion of the state ceiling to any bond use category with regard to the criteria specified in RCW 39.86.130.[ 2016 sp.s. c 18 § 1; 2010 1st sp.s. c 6 § 6; 2001 c 330 § 2; 1990 c 50 § 1; 1987 c 297 § 3.]NOTES:Short title—2010 1st sp.s. c 6: See note following RCW 43.180.160.
WA Rev Code § 39.86.130 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.86 - Private Activity Bond Allocation.|39.86.130 - Criteria.

RCW 39.86.130 Criteria.(1) In granting an allocation, reallocation, or carryforward of the state ceiling as provided in this chapter, the agency shall consider existing state priorities and other such criteria, including but not limited to, the following criteria:(a) Need of issuers to issue bonds within a bond use category subject to a state ceiling;(b) Amount of the state ceiling available;(c) Public benefit and purpose to be satisfied, including economic development, educational opportunity, and public health, safety, or welfare;(d) Cost or availability of alternative methods of financing for the project or program; and(e) Certainty of using the allocation which is being requested.(2) In determining whether to allocate an amount of the state ceiling to an issuer within any bond use category, the agency shall consider, but is not limited to, the following criteria for each of the bond use categories:(a) Housing: Criteria which comply with RCW 43.180.200.(b) Student loans: Criteria which comply with the applicable provisions of Title 28B RCW and rules adopted by the office of student financial assistance or applicable state agency dealing with student financial aid.(c) Small issue: Factors which may include:(i) The number of employment opportunities the project is likely to create or retain in relation to the amount of the bond issuance;(ii) The level of unemployment existing in the geographic area likely to be affected by the project;(iii) A commitment to providing employment opportunities to low-income persons in cooperation with the employment security department;(iv) Geographic distribution of projects;(v) The number of persons who will benefit from the project;(vi) Consistency with criteria identified in subsection (1) of this section; and(vii) Order in which requests were received.(d) Exempt facility or redevelopment: Factors which may include:(i) State issuance needs;(ii) Consistency with criteria identified in subsection (1) of this section;(iii) Order in which requests were received;(iv) The proportionate number of persons in relationship to the size of the community who will benefit from the project; and(v) The unique timing and issuance needs of large scale projects that may require allocations in more than one year.(e) Public utility: Factors which may include:(i) Consistency with criteria identified in subsection (1) of this section; and(ii) Timing needs for issuance of bonds over a multi-year period.[ 2011 1st sp.s. c 11 § 243; 2010 1st sp.s. c 6 § 7; 1987 c 297 § 4.]NOTES:Effective date—2011 1st sp.s. c 11 §§ 101-103, 106-202, 204-244, and 301: See note following RCW 28B.76.020.Intent—2011 1st sp.s. c 11: See note following RCW 28B.76.020.Short title—2010 1st sp.s. c 6: See note following RCW 43.180.160.
WA Rev Code § 39.86.150 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.86 - Private Activity Bond Allocation.|39.86.150 - Reallocation process and carryforwards.

RCW 39.86.150 Reallocation process and carryforwards.(1) Beginning July 1st of each calendar year, the agency may allocate or reallocate any portions of the annual state tax-exempt private activity bond ceiling for which no certificate of approval is in effect. Reallocations may also be made from the remainder category at any time during the year.(2) Prior to the end of each calendar year, the agency shall allocate or reallocate any unused portions of the state ceiling among one or more issuers as carryforward, to be used within three years, in accordance with the code and relevant criteria described in RCW 39.86.130.(3) Reallocations of state bond ceilings other than the annual tax-exempt private activity bond ceiling may be made by the agency in accordance with the code or as established in agency rule when not specified in the code.[ 2010 1st sp.s. c 6 § 9; 1987 c 297 § 6.]NOTES:Short title—2010 1st sp.s. c 6: See note following RCW 43.180.160.
WA Rev Code § 39.86.155 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.86 - Private Activity Bond Allocation.|39.86.155 - State bond ceiling allocation formula.

RCW 39.86.155 State bond ceiling allocation formula.Original allocations or any reallocations of state bond ceilings other than the tax-exempt private activity bond ceiling must be determined by formula as provided in the code, or by department rule if no formula is provided in the code.[ 2010 1st sp.s. c 6 § 5.]NOTES:Short title—2010 1st sp.s. c 6: See note following RCW 43.180.160.
WA Rev Code § 39.86.160 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.86 - Private Activity Bond Allocation.|39.86.160 - Executive orders.

RCW 39.86.160 Executive orders.If federal legislation is enacted or federal regulations are promulgated which affect the state ceiling, when the legislature is not in session or is less than forty-five days from the constitutional end of session, the governor may establish by executive order an alternative system for the allocation of tax exempt bonds under the state ceiling, effective until the legislature acts. In allocating or reallocating under this section, the governor shall take into account the requirements of federal law, the policy choices expressed in state law, and the projected needs of issuers.[ 1987 c 297 § 7.]
WA Rev Code § 39.86.170 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.86 - Private Activity Bond Allocation.|39.86.170 - Fees.

RCW 39.86.170 Fees.A fee schedule shall be established by rule by the agency to assist in support of bond allocation activities. Fees shall reflect costs actually incurred or expected to be incurred by the agency in its bond allocation and bond users clearinghouse activities.[ 2010 1st sp.s. c 6 § 10; 1987 c 297 § 8.]NOTES:Short title—2010 1st sp.s. c 6: See note following RCW 43.180.160.
WA Rev Code § 39.86.180 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.86 - Private Activity Bond Allocation.|39.86.180 - Code amendments.

RCW 39.86.180 Code amendments.In order to permit the full use of the authorized state ceiling under federal law, the agency may adopt rules approving any amendments made to the code after May 8, 1987.[ 1987 c 297 § 9.]
WA Rev Code § 39.86.190 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.86 - Private Activity Bond Allocation.|39.86.190 - Biennial reports.

RCW 39.86.190 Biennial reports.Beginning in June 2018 and thereafter by June 30th of each even-numbered year, the agency shall submit a biennial report to the legislature summarizing usage of the bond allocation proceeds and any policy concerns for future bond allocations.[ 2016 sp.s. c 18 § 3; 2010 1st sp.s. c 6 § 11; 2009 c 518 § 19; 1987 c 297 § 10.]NOTES:Short title—2010 1st sp.s. c 6: See note following RCW 43.180.160.
WA Rev Code § 39.86.905 (2021)
2021 Revised Code of Washington|Title 39 - Public Contracts and Indebtedness|Chapter 39.86 - Private Activity Bond Allocation.|39.86.905 - Captions.

RCW 39.86.905 Captions.As used in this chapter, captions constitute no part of the law.[ 1987 c 297 § 15.]