RCW 43.185A.060
Protection of state 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 43.185A.030(2) (a), (b), (c), (d), and (e). 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 § 15.]
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.185A - Affordable Housing Program.
43.185A.020 - Affordable housing program—Purpose—Input.
43.185A.030 - Activities eligible for assistance.
43.185A.040 - Eligible organizations.
43.185A.050 - Grant and loan application process—Report.
43.185A.060 - Protection of state interest.
43.185A.070 - Monitor recipient activities.
43.185A.090 - Application process—Distribution procedure.
43.185A.110 - Affordable housing land acquisition revolving loan fund program.
43.185A.120 - Affordable housing and community facilities rapid response loan program.
43.185A.902 - Conflict with federal requirements—1991 c 356.