RCW 36.100.025
Independent financial feasibility review—When required—Public document.
(1) An independent financial feasibility review under this section is required to be performed prior to any of the following events:
(a) The formation of a public facilities district under this chapter;
(b) The issuance of any indebtedness, excluding the issuance of obligations to refund or replace such indebtedness, by a public facilities district under this chapter; or
(c) The long-term lease, purchase, or development of a facility under this chapter.
(2) The independent financial feasibility review required by this section must be conducted by the department of commerce through the municipal research and services center under RCW 43.110.030 or under a contract with another entity under the authority of RCW 43.110.080. The review must examine the potential costs to be incurred by the public facility [facilities] district and the adequacy of revenues or expected revenues to meet those costs. The cost of the independent financial feasibility review must be borne by the public facility [facilities] district or the local government proposing to form a public facility [facilities] district.
(3) The independent financial feasibility review, upon completion, must be a public document and must be submitted to the governor, the state treasurer, the state auditor, the public facility [facilities] district and participating local political subdivisions, and appropriate committees of the legislature.
[ 2012 c 4 § 2.]
Structure Revised Code of Washington
Chapter 36.100 - Public Facilities Districts.
36.100.020 - Governance—Board of directors.
36.100.025 - Independent financial feasibility review—When required—Public document.
36.100.027 - Statutorily authorized taxing authority.
36.100.030 - Facilities—Agreements—Fees.
36.100.035 - Additional powers and restrictions on district that constructs baseball stadium.
36.100.036 - Donated moneys for baseball stadium.
36.100.037 - Baseball stadium construction agreement.
36.100.042 - Lodging license fee or tax in excess of rate imposed on retail businesses prohibited.
36.100.050 - Ad valorem property tax.
36.100.060 - General obligation bonds—Termination, reauthorization of excise tax.
36.100.070 - Acquisition and transfer of real and personal property.
36.100.080 - Direct or collateral attack barred after thirty days.
36.100.090 - Tax deferral—New public facilities.
36.100.100 - Ex officio treasurer.
36.100.110 - Travel, expense reimbursement policy—Required.
36.100.120 - Travel, expense reimbursement policy—Limitations.
36.100.130 - Board of directors—Compensation.
36.100.140 - Liability insurance.
36.100.150 - Costs of defense.
36.100.160 - Expenditure of funds—Purposes.
36.100.170 - Employees—Benefits.
36.100.190 - Purchases and sales—Procedures.
36.100.200 - Revenue bonds—Limitations.
36.100.205 - Bonds issued are securities.
36.100.210 - Tax on admissions.
36.100.220 - Tax on vehicle parking charges.