Washington § 43.340.030 - Tobacco settlement authority — Powers — Rule-making authority.

Full text of Washington Revised Code of Washington § 43.340.030 — Tobacco settlement authority — Powers — Rule-making authority., with citation guidance and answers to common questions.

§ 43.340.030. Tobacco settlement authority — Powers — Rule-making authority.

(1) The authority has all the general powers necessary to carry out its purposes and duties and to exercise its specific powers. In addition to other powers specified in this chapter, the authority may:
(a) Sue and be sued in its own name;
(b) Make and execute agreements, contracts, and other instruments, with any public or private person, in accordance with this chapter;
(c) Employ, contract with, or engage independent counsel, bond counsel, other attorneys, financial advisors, investment bankers, auditors, other technical or professional assistants, and such other personnel as are necessary and recommended by the state housing finance commission staff;
(d) Invest or deposit moneys of the authority in any manner determined by the authority and enter into hedge agreements, swap agreements, or other financial products, including payment agreements defined under RCW 39.96.020(5). The authority is not a governmental entity for purposes of chapter 39.96 RCW;
(e) Establish such special funds, and controls on deposits to and disbursements from them, as it finds convenient for the implementation of this chapter;
(f) Procure insurance, other credit enhancements, and other financing arrangements for its bonds to fulfill its purposes under this chapter, including but not limited to municipal bond insurance and letters of credit;
(g) Accept appropriations, gifts, grants, loans, or other aid from public or private entities;
(h) Adopt rules, consistent with this chapter, as the board determines necessary;
(i) Delegate any of its powers and duties if consistent with the purposes of this chapter; and
(j) Exercise any other power reasonably required to implement the purposes of this chapter.
(2) The authority does not have the power of eminent domain and does not have the power to levy taxes of any kind.
[ 2002 c 365 s 6.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 43.340.030

What does Revised Code of Washington § 43.340.030 cover?

Section 43.340.030 ("Tobacco settlement authority — Powers — Rule-making authority.") 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 § 43.340.030?

A common citation format is "Revised Code of Washington § 43.340.030" (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 § 43.340.030 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.

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