Title 43, STATE GOVERNMENT—EXECUTIVE

(1) The community economic revitalization board is hereby created to exercise the powers granted under this chapter. (2) The board shall consist of one member from each of the two major caucuses of the house of representatives to be appointed by the speaker of the house and one m…

Each member of the house of representatives who is appointed to the community economic revitalization board under RCW 43.160.030 may designate another member from the house of representatives to take his or her place on the board for meetings at which the member will be absent, a…

In addition to other applicable provisions of law pertaining to conflicts of interest of public officials, no board member, appointive or otherwise, may participate in any decision on any board contract in which the board member has any interests, direct or indirect, with any fir…

The board may: (1) Adopt bylaws for the regulation of its affairs and the conduct of its business. (2) Adopt an official seal and alter the seal at its pleasure. (3) Utilize the services of other governmental agencies. (4) Accept from any federal agency loans or grants for the pl…

(1) The board is authorized to make direct loans to political subdivisions of the state and to federally recognized Indian tribes for the purposes of assisting the political subdivisions and federally recognized Indian tribes in financing the cost of public facilities, including …

(1) The board is authorized to make rural broadband loans and grants to local governments and to federally recognized Indian tribes for the purposes of financing the cost to build infrastructure to provide high-speed, open-access broadband service, to rural and underserved commun…

Public facilities financial assistance, when authorized by the board, is subject to the following conditions: (1) The moneys in the public facilities construction loan revolving account shall be used solely to fulfill commitments arising from financial assistance authorized in th…

(1) An application to the board from a political subdivision may also include a request for improvements to an existing state highway or highways. The application is subject to all of the applicable criteria relative to qualifying types of development set forth in this chapter, a…

(1) Except as authorized to the contrary under subsection (2) of this section, from all funds available to the board for financial assistance in a biennium under this chapter, the board shall approve at least seventy-five percent of the first twenty million dollars of funds avail…

(1) When the board receives an application from a political subdivision that includes a request for assistance in financing the cost of public facilities to encourage the development of a private facility to process recyclable materials, a copy of the application shall be sent by…

In order to enhance competition for grants and loans and the quality of projects for which loans and grants are sought, the board shall take such reasonable measures as are necessary to familiarize government officials and members of the public with the provisions of this chapter…

There shall be a fund in the state treasury known as the public facilities construction loan revolving account, which shall consist of all moneys collected under this chapter and any moneys appropriated to it by law. Disbursements from the revolving account shall be on authorizat…

The board and the department shall keep proper records of accounts and shall be subject to audit by the state auditor. [ 1996 c 51 s 8; 1987 c 505 s 42; 1982 1st ex.s. c 40 s 9.] Notes: Severability—Effective dates—1996 c 51: See notes following RCW 43.160.010.

(1) The community economic revitalization board shall conduct biennial outcome-based evaluations of the financial assistance provided under this chapter. The evaluations shall include the following: (a) Information on the number of applications for community economic revitalizati…

As used in this act, captions constitute no part of the law. [ 1984 c 257 s 14.]

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 employment opportunities and thereby enhancing the quality of life. Economic development increasingly is…

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 development finance authority created under RCW 43.163.020 or any board, body, commission, department or office…

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 of Washington exercising essential governmental functions. The authority is a public body…

(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 program or programs to provide for the funding of export transactions for small businesses which are unable to o…

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 farmers in respect of the contract payments due to them under the federal department of agriculture conservation…

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 of loans or portions of loans made or guaranteed through programs administered by federal agencies including the small bu…

(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 and consistent with this chapter to secure to itself and the people of the state the benefits of those programs a…

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 this state by assisting businesses and farm enterprises that do not have access to capital at terms and rates compar…

(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 for obtaining funds and for providing funds to borrowers. These operating procedures shall be adopted by…

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 authority may exercise the powers authorized under this chapter prior to the adoption of the initial plan. In developing the p…

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 and be sued in its own name, and plead and be impleaded; (3) Engage consultants, agents, attorneys, and ad…

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 to or in aid of any individual, association, company, or corporation, or become directly or indirectly the owner of any stock in or…

The authority shall receive no appropriation of state funds. The department of commerce shall provide staff to the authority, to the extent permitted by law, to enable the authority to accomplish its purposes; the staff from the department of commerce may assist the authority in …

(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 bonds must be special obligations of the authority, payable solely out of the special fund or funds established by the authority for th…

(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 of any political subdivision of the state, or pledge of the faith and credit of the state or of any political subdivision, or gene…

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 th…

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 and applied solely as provided in this chapter. The authority, in lieu of receiving and applying the moneys itself, may enter into trust agreement or ind…

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 in equity, by suit, action, mandamus or other proceeding, protect and enforce any of their respective rights, and may become the purchaser …

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 political subdivisions, all banks, eligible banking organizations, bankers, trust companies, savings banks and institutions, b…

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 powers conferred by other laws. The issuance of bonds and refunding bonds under this chapter need not comply …

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 chapter are controlling. [ 1989 c 279 s 21.]

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 may develop and conduct a program or programs to provide nonrecourse revenue bond financing for the project …

The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Business services" means services by local workforce development councils to increase employer engagement in an effort to support industry growth, increase quality em…

(1) The economic security for all grant program is created in the department. The purpose of the program is to empower and incentivize communities to coordinate existing poverty reduction resources and benefits to make them easier to access, get them to the people who need them, …

Members of the steering committee must be reimbursed for travel expenses as provided in RCW 43.03.050 and 43.03.060, as well as child care and other expenses as needed for each day a steering committee member attends meetings to provide consultative assistance to the agencies man…

(1) The department, in consultation with the department of social and health services, the department of commerce, the department of children, youth, and families, the health care authority, the workforce training and education coordinating board, the steering committee, and othe…

By December 1, 2024, and annually thereafter, and in compliance with RCW 43.01.036, the department shall report to the governor, the appropriate committees of the legislature, the workforce training and education coordinating board, and the legislative-executive WorkFirst poverty…

The department may adopt rules as necessary to implement this chapter. [ 2024 c 92 s 7.] Notes: Findings—Intent—2024 c 92: See note following RCW 43.164.020.

(1) State lands development authorities are hereby authorized to oversee and manage the development or redevelopment of state-owned property that is within or adjacent to manufacturing industrial centers. Any property owned or managed by the department of natural resources is exe…

(1) The affairs of a state lands development authority shall be managed by a board of directors. (2) The initial board of directors of a state lands development authority must be appointed by the governor upon recommendation from the state legislative delegation from the district…

(1) State lands development authorities have the power to: (a) Accept gifts, grants, loans, or other aid from public and private entities; (b) Employ and appoint such agents, attorneys, officers, and employees as may be necessary to implement its purposes and duties; (c) Contract…