Revised Code of Washington
Chapter 43.180 - Housing Finance Commission.
43.180.180 - Bond issues—Disposition of revenues—Special trust fund.

RCW 43.180.180
Bond issues—Disposition of revenues—Special trust fund.

All revenues received by the commission including funds received from contributions or grants or in any other form to pay principal of and interest on bonds or for other bond requirements such as reserves shall be deposited by the commission in any trust company, savings bank, savings and loan association, or bank having the powers of a trust company within or without the state, to the credit of a special trust fund or funds. The commission may establish a bond fund or funds, and a reserve, sinking fund and other accounts therein, for payment of principal and interest and for other special requirements of the bonds as determined by the commission. In lieu of the commission receiving and handling these moneys as outlined in this section, the commission may appoint trustees, depositaries, paying agents, and other financial institutions to perform the functions outlined and to receive, hold, disburse, invest, and reinvest such funds on its behalf and for the protection of the bondholders. Such revenues and funds, whether received and held by the commission or by others on its behalf, shall not be or constitute public funds of the state of Washington but at all times shall be kept segregated and apart from all other funds.

[ 1983 c 161 § 18.]

Structure Revised Code of Washington

Revised Code of Washington

Title 43 - State Government—Executive

Chapter 43.180 - Housing Finance Commission.

43.180.010 - Declaration of public policies—Purpose.

43.180.020 - Definitions.

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.

43.180.080 - General powers.

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.

43.180.220 - Housing finance program—Mortgage financing—Investments—Flexible loan underwriting guidelines.

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.

43.180.300 - Definitions.

43.180.310 - Commission powers.

43.180.320 - Revenue bonds.

43.180.330 - Revenue refunding bonds.

43.180.340 - Trust agreements.

43.180.350 - Lessees or assignees.

43.180.360 - Default.

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.