RCW 39.84.150
Determination of rent.
Before entering into a lease, sale contract, or loan agreement with respect to any industrial development facility, the public corporation shall determine that there are sufficient revenues to pay (1) the principal of and the interest on the revenue bonds proposed to be issued to finance the industrial development facility; (2) the amount necessary to be paid each year into any reserve funds which the public corporation considers advisable to establish in connection with the retirement of the proposed bonds and the maintenance of the industrial development facility; and (3) unless the terms of the lease, sale contract, or loan agreement provide that the lessee or contracting party shall maintain the industrial development facility and carry all proper insurance with respect thereto, the estimated cost of maintaining the industrial development facility in good repair and keeping it properly insured.
[ 1981 c 300 § 15.]
Structure Revised Code of Washington
Title 39 - Public Contracts and Indebtedness
Chapter 39.84 - Industrial Development Revenue Bonds.
39.84.010 - Finding and declaration of necessity.
39.84.030 - Public corporations—Creation, dissolution.
39.84.040 - Board of directors of public corporation.
39.84.050 - Public corporations—Directors—Conflicts of interest.
39.84.060 - Public corporations—Limitations.
39.84.070 - Public corporations—Audit by state.
39.84.080 - Public corporations—Powers.
39.84.090 - Reporting to the department of community, trade, and economic development.
39.84.100 - Revenue bonds—Provisions.
39.84.110 - Revenue bonds—Refunding.
39.84.130 - Commingling of bond proceeds or revenues with municipal funds prohibited—Exception.
39.84.140 - Subleases and assignments.
39.84.150 - Determination of rent.
39.84.160 - Proceedings in the event of default.
39.84.200 - Authority of community economic revitalization board under this chapter.