Washington § 39.86.150 - Reallocation process and carryforwards.

Full text of Washington Revised Code of Washington § 39.86.150 — Reallocation process and carryforwards., with citation guidance and answers to common questions.

§ 39.86.150. Reallocation process and carryforwards.

(1) Beginning July 1st of each calendar year, the agency may allocate or reallocate any portions of the annual state tax-exempt private activity bond ceiling for which no certificate of approval is in effect. Reallocations may also be made from the remainder category at any time during the year.
(2) Prior to the end of each calendar year, the agency shall allocate or reallocate any unused portions of the state ceiling among one or more issuers as carryforward, to be used within three years, in accordance with the code and relevant criteria described in RCW 39.86.130.
(3) Reallocations of state bond ceilings other than the annual tax-exempt private activity bond ceiling may be made by the agency in accordance with the code or as established in agency rule when not specified in the code.
[ 2010 1st sp.s. c 6 s 9; 1987 c 297 s 6.]

Notes

Short title—2010 1st sp.s. c 6: See note following RCW 43.180.160.

Related Washington Legal Topics

Frequently Asked Questions About Washington § 39.86.150

What does Revised Code of Washington § 39.86.150 cover?

Section 39.86.150 ("Reallocation process and carryforwards.") 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 § 39.86.150?

A common citation format is "Revised Code of Washington § 39.86.150" (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 § 39.86.150 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.