RCW 35.82.220
Housing bonds legal investments and security.
Notwithstanding any restrictions on investments contained in any laws of this state, the state and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds or other obligations issued by a housing authority pursuant to the housing authorities law of this state or issued by any public housing authority or agency in the United States, and such bonds and other obligations shall be authorized security for all public deposits; it being the purpose of this chapter to authorize any persons, firms, corporations, associations, political subdivisions, bodies and officers, public or private, to use any funds owned or controlled by them, including (but not limited to) sinking, insurance, investment, retirement, compensation, pension and trust funds, and funds held on deposit, for the purchase of any such bonds or other obligations: PROVIDED, HOWEVER, That nothing contained in this chapter shall be construed as relieving any person, firm or corporation from any duty of exercising reasonable care in selecting securities.
[ 1977 ex.s. c 274 § 8; 1965 c 7 § 35.82.220. Prior: 1939 c 23 § 23; RRS § 6889-23. Formerly RCW 74.24.220.]
Structure Revised Code of Washington
Chapter 35.82 - Housing Authorities Law.
35.82.010 - Finding and declaration of necessity.
35.82.030 - Creation of housing authorities.
35.82.040 - Appointment, qualifications, and tenure of commissioners.
35.82.050 - Conflicts of interest for commissioners, employees, and appointees.
35.82.060 - Removal of commissioners.
35.82.070 - Powers of authority.
35.82.076 - Small works roster.
35.82.080 - Operation not for profit.
35.82.090 - Rentals and tenant selection.
35.82.100 - Cooperation between authorities.
35.82.120 - Planning, zoning and building laws.
35.82.140 - Form and sale of bonds.
35.82.150 - Provisions of bonds, trust indentures, and mortgages.
35.82.160 - Certification by attorney general.
35.82.170 - Remedies of an obligee of authority.
35.82.180 - Additional remedies conferable by authority.
35.82.190 - Exemption of property from execution sale.
35.82.200 - Aid from federal government—Provisions applicable to authorities.
35.82.210 - Tax exemption and payments in lieu of taxes—Definitions.
35.82.220 - Housing bonds legal investments and security.
35.82.240 - Rural housing projects.
35.82.250 - Housing applications by farmers.
35.82.260 - Farmers of low income.
35.82.270 - Powers are additional.
35.82.280 - Supplemental projects.
35.82.285 - Group homes or halfway houses for released juveniles or developmentally disabled.
35.82.300 - Joint housing authorities—Creation authorized—Contents of ordinances creating—Powers.
35.82.310 - Joint housing authorities—Dissolution.
35.82.320 - Deactivation of housing authority—Procedure.
35.82.325 - Deactivation of housing authority—Distribution of assets.
35.82.330 - Chapter not applicable to certain transfers of property.