Washington § 39.110.050 - Operating procedures.

Full text of Washington Revised Code of Washington § 39.110.050 — Operating procedures., with citation guidance and answers to common questions.

§ 39.110.050. Operating procedures.

(1) An authority established pursuant to this chapter must adopt general operating procedures for the authority. The authority must also adopt operating procedures for individual programs as they are developed for obtaining funds and for providing funds to borrowers. These operating procedures must be adopted by resolution prior to the authority operating the applicable programs.
(2) The operating procedures must include, but are not limited to:
(a) Appropriate standards for securing loans and other financing the authority provides to borrowers, such as guarantees or collateral; and
(b) Strict standards for providing financing to borrowers, such as:
(i) The borrower is a responsible party with a high probability of being able to repay the financing provided by the authority;
(ii) The financing is reasonably expected to benefit the creating municipality by enabling a borrower to increase or maintain jobs or capital in the municipality;
(iii) The borrowers with the greatest needs or that provide the most public benefit are given higher priority by the authority; and
(iv) The financing is consistent with any plan adopted by the authority under the provisions of RCW 39.110.060.
[ 2012 c 193 s 6.]

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Frequently Asked Questions About Washington § 39.110.050

What does Revised Code of Washington § 39.110.050 cover?

Section 39.110.050 ("Operating procedures.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 39.110.050?

A common citation format is "Revised Code of Washington § 39.110.050" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 39.110.050 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.