Washington § 70A.135.080 - Extended grant payments.

Full text of Washington Revised Code of Washington § 70A.135.080 — Extended grant payments., with citation guidance and answers to common questions.

§ 70A.135.080. Extended grant payments.

(1) The department of ecology may enter into contracts with local jurisdictions which provide for extended grant payments under which eligible costs may be paid on an advanced or deferred basis.
(2) Extended grant payments shall be in equal annual payments, the total of which does not exceed, on a net present value basis, fifty percent of the total eligible cost of the project incurred at the time of design and construction. The duration of such extended grant payments shall be for a period not to exceed twenty years. The total of federal and state grant moneys received for the eligible costs of the project shall not exceed fifty percent of the eligible costs.
(3) Any moneys appropriated by the legislature for the purposes of this section shall be first used by the department of ecology to satisfy the conditions of the extended grant payment contracts.
[ 2009 c 479 s 56; 1987 c 516 s 1. Formerly RCW 70.146.075.]

Notes

Effective date—2009 c 479: See note following RCW 2.56.030.

Frequently Asked Questions About Washington § 70A.135.080

What does Revised Code of Washington § 70A.135.080 cover?

Section 70A.135.080 ("Extended grant payments.") 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.

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Sources & Verification

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