RCW 43.180.030
Bonds not debt of state.
Bonds issued under this chapter shall be issued in the name of the commission. The bonds shall not be obligations of the state of Washington and shall be obligations only of the commission payable from the special fund or funds created by the commission for their payment. Such funds shall not be or constitute public moneys or funds of the state of Washington but at all times shall be kept segregated and set apart from other funds.
Bonds issued under this chapter shall contain a recital on their face to the effect that payment of the principal of, interest on, and prepayment premium, if any, on the bonds, shall be a valid claim only as against the special fund or funds relating thereto, that neither the faith and credit nor the taxing power of the state or any municipal corporation, subdivision, or agency of the state, other than the commission as set forth in this chapter, is pledged to the payment of the principal of, interest on, and prepayment premium, if any, on the bonds.
Contracts entered into by the commission shall be entered into in the name of the commission and not in the name of the state of Washington. The obligations of the commission under the contracts shall be obligations only of the commission and are not in any way obligations of the state of Washington.
[ 1983 c 161 § 3.]
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.180 - Housing Finance Commission.
43.180.010 - Declaration of public policies—Purpose.
43.180.030 - Bonds not debt of state.
43.180.040 - Commission created.
43.180.050 - Housing financing powers—Annual audit.
43.180.060 - No power of eminent domain or taxation.
43.180.070 - Housing finance plan.
43.180.090 - Selection of bond counsel—Written policies to be adopted.
43.180.100 - Selection of underwriters—Written policies to be adopted.
43.180.110 - Review of initial policies adopted under RCW 43.180.090 and 43.180.100—Adoption—Change.
43.180.120 - Rules for fair allocation of bond proceeds for nonrental single-family housing.
43.180.130 - Protection of bondholders—Mortgage insurance.
43.180.140 - Rules for energy efficiency.
43.180.150 - Bond issues—Terms—Issuance—Purchase, etc.
43.180.160 - Debt limitation—Washington works housing program.
43.180.170 - Bond issues—Disposition of proceeds—Special fund.
43.180.180 - Bond issues—Disposition of revenues—Special trust fund.
43.180.190 - Legal investments.
43.180.200 - Internal revenue code.
43.180.230 - Housing finance program—Program elements.
43.180.240 - Housing finance program—Report to legislature annually—Implementation.
43.180.245 - Condominium conversion tenant-to-homeowner program.
43.180.250 - Veteran homeownership downpayment assistance program—Rules.
43.180.260 - Sustainable energy trust program.
43.180.265 - Aviation biofuels facilities and production—Bond issuance—Financing powers—Definitions.
43.180.290 - Beginning farmer financing program.
43.180.295 - Renewable energy systems—Report—Financing tool.
43.180.310 - Commission powers.
43.180.330 - Revenue refunding bonds.
43.180.340 - Trust agreements.
43.180.350 - Lessees or assignees.
43.180.900 - Conflict with federal requirements.
43.180.901 - Liberal construction.
43.180.902 - Captions not part of law.
43.180.904 - Effective dates—1983 c 161.
43.180.905 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.