Washington § 43.163.150 Nonrecourse revenue bonds—Financing documents, scope.

Washington Statutes

§ 43.163.150 — Nonrecourse revenue bonds—Financing documents, scope.

Washington § 43.163.150

Title 43STATE GOVERNMENT—EXECUTIVE

Ch. 43.163ECONOMIC DEVELOPMENT FINANCE AUTHORITY

This text of Washington § 43.163.150 (Nonrecourse revenue bonds—Financing documents, scope.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 43.163.150 (2026).

Text

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 amounts sufficient, together with other revenues available to the authority, if any, to:

(1)Pay the borrower's share of the fees established by the authority;

(2)pay the principal of, premium, if any, and interest on outstanding bonds of the authority issued in respect of such borrower as the same shall become due and payable; and (3) create and maintain reserves required or provided for by the authority in connection with the issuance of such bonds. The payments shall not be subject to supervision or regulation by any department, committee, board, body, bureau, or agency of the state other than the authority.

Free access — add to your briefcase to read the full text and ask questions with AI

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 amounts sufficient, together with other revenues available to the authority, if any, to: (1) Pay the borrower's share of the fees established by the authority; (2) pay the principal of, premium, if any, and interest on outstanding bonds of the authority issued in respect of such borrower as the same shall become due and payable; and (3) create and maintain reserves required or provided for by the authority in connection with the issuance of such bonds. The payments shall not be subject to supervision or regulation by any department, committee, board, body, bureau, or agency of the state other than the authority.