RCW 39.104.010
Finding.
The legislature recognizes that the state as a whole benefits from investment in public infrastructure because it promotes community and economic development. Public investment stimulates business activity and helps create jobs, stimulates the redevelopment of brownfields and blighted areas in the inner city, lowers the cost of housing, and promotes efficient land use. The legislature finds that these activities generate revenue for the state and that it is in the public interest to invest in these projects through a credit against the state sales and use tax to those local governments that can demonstrate the expected returns to the state.
[ 2009 c 270 § 101.]
Structure Revised Code of Washington
Title 39 - Public Contracts and Indebtedness
Chapter 39.104 - Local Revitalization Financing.
39.104.040 - Creation of revitalization area.
39.104.050 - Limitations on revitalization areas.
39.104.090 - Local sales and use tax increments.
39.104.100 - Application process—Approval of project awards by the approving agency.
39.104.110 - Issuance of general obligation bonds.
39.104.120 - Use of tax revenue for bond repayment.
39.104.130 - Limitation on bonds issued.