RCW 43.185.120
Protection of state's interest.
The department shall adopt policies to ensure that the state's interest will be protected upon either the sale or change of use of projects financed in whole or in part under RCW 43.185.050(2) (a), (i), and (j). These policies may include, but are not limited to: (1) Requiring a share of the appreciation in the project in proportion to the state's contribution to the project; (2) requiring a lump-sum repayment of the loan or grant upon the sale or change of use of the project; or (3) requiring a deferred payment of principal or principal and interest on loans after a specified time period.
[ 1991 c 356 § 7.]
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.185 - Housing Assistance Program.
43.185.015 - Housing assistance program.
43.185.030 - Washington housing trust fund.
43.185.050 - Use of moneys for loans and grant projects to provide housing—Eligible activities.
43.185.060 - Eligible organizations.
43.185.070 - Notice of grant and loan application period—Priorities—Criteria for evaluation.
43.185.074 - Low-income housing grants and loans—Applications.
43.185.076 - Low-income housing grants and loans—Approval—License education programs.
43.185.080 - Preconstruction technical assistance.
43.185.090 - Compliance monitoring.
43.185.100 - Rule-making authority.
43.185.110 - Affordable housing advisory board—State housing needs.
43.185.120 - Protection of state's interest.
43.185.130 - Application process—Distribution procedure.
43.185.140 - Findings—Review of all housing properties—Energy audits.