RCW 35.82.325
Deactivation of housing authority—Distribution of assets.
The assets of an authority in the process of deactivation shall be applied and distributed as follows:
(1) All liabilities and obligations of the authority shall be paid, satisfied, and discharged, or adequate provision shall be made therefor;
(2) Assets held by the authority upon condition requiring return, transfer, or conveyance, which condition occurs by reason of the deactivation shall be returned, transferred, or conveyed in accordance with such requirements;
(3) Assets received and held by the authority subject to limitations permitting their use only for activities purposes contained in RCW 35.82.070, but not held upon a condition requiring return, transfer, or conveyance by reason of the deactivation, shall be transferred or conveyed to the governing body of the city, town, or county and used to engage in activities contained in RCW 35.82.070;
(4) Other assets, if any, shall be returned to the governing body of the city, town, or county for uses allowed under state law.
[ 1987 c 275 § 2.]
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.