Washington § 43.340.040 - Financing powers.

Full text of Washington Revised Code of Washington § 43.340.040 — Financing powers., with citation guidance and answers to common questions.

§ 43.340.040. Financing powers.

In addition to other powers and duties prescribed in this chapter, the authority is empowered to:
(1) Establish a stable source of revenue to be used for the purposes designated in this chapter;
(2) Enter into sales agreements with the state for purchase of a portion of the amounts otherwise due to the state under the master settlement agreement, and of the state's rights to receive such amounts;
(3) Issue bonds, the interest and gain on which may or may not be exempt from general federal income taxation, in one or more series, and to refund or refinance its debt and obligations;
(4) Sell, pledge, or assign, as security, all or a portion of the revenues derived by the authority under any sales agreement, to provide for and secure the issuance of its bonds;
(5) Provide for the investment of any funds, including funds held in reserve, not required for immediate disbursement, and provide for the selection of investments;
(6) Manage its funds, obligations, and investments as necessary and as consistent with its purpose; and
(7) Implement the purposes of this chapter.
[ 2002 c 365 s 5.]

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Frequently Asked Questions About Washington § 43.340.040

What does Revised Code of Washington § 43.340.040 cover?

Section 43.340.040 ("Financing powers.") 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 § 43.340.040?

A common citation format is "Revised Code of Washington § 43.340.040" (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 § 43.340.040 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.