RCW 39.86.130
Criteria. (Effective until July 1, 2012.)
(1) In granting an allocation, reallocation, or carryforward of
the state ceiling as provided in this chapter, the agency shall
consider existing state priorities and other such criteria,
including but not limited to, the following criteria:
(a) Need of issuers to issue bonds within a bond use
category subject to a state ceiling;
(b) Amount of the state ceiling available;
(c) Public benefit and purpose to be satisfied, including
economic development, educational opportunity, and public health,
safety, or welfare;
(d) Cost or availability of alternative methods of financing
for the project or program; and
(e) Certainty of using the allocation which is being
requested.
(2) In determining whether to allocate an amount of the
state ceiling to an issuer within any bond use category, the
agency shall consider, but is not limited to, the following
criteria for each of the bond use categories:
(a) Housing: Criteria which comply with RCW 43.180.200.
(b) Student loans: Criteria which comply with the
applicable provisions of Title 28B RCW and rules adopted by the
higher education coordinating board or applicable state agency
dealing with student financial aid.
(c) Small issue: Factors which may include:
(i) The number of employment opportunities the project is
likely to create or retain in relation to the amount of the bond
issuance;
(ii) The level of unemployment existing in the geographic
area likely to be affected by the project;
(iii) A commitment to providing employment opportunities to
low-income persons in cooperation with the employment security
department;
(iv) Geographic distribution of projects;
(v) The number of persons who will benefit from the project;
(vi) Consistency with criteria identified in subsection (1)
of this section; and
(vii) Order in which requests were received.
(d) Exempt facility or redevelopment: Factors which may
include:
(i) State issuance needs;
(ii) Consistency with criteria identified in subsection (1)
of this section;
(iii) Order in which requests were received;
(iv) The proportionate number of persons in relationship to
the size of the community who will benefit from the project; and
(v) The unique timing and issuance needs of large scale
projects that may require allocations in more than one year.
(e) Public utility: Factors which may include:
(i) Consistency with criteria identified in subsection (1)
of this section; and
(ii) Timing needs for issuance of bonds over a multi-year
period.
[2010 1st sp.s. c 6 § 7; 1987 c 297 § 4.]
NOTES:
Short title -- 2010 1st sp.s. c 6: See note following RCW 43.180.160.
RCW 39.86.130
Criteria. (Effective July 1, 2012.)
(1) In
granting an allocation, reallocation, or carryforward of the
state ceiling as provided in this chapter, the agency shall
consider existing state priorities and other such criteria,
including but not limited to, the following criteria:
(a) Need of issuers to issue bonds within a bond use
category subject to a state ceiling;
(b) Amount of the state ceiling available;
(c) Public benefit and purpose to be satisfied, including
economic development, educational opportunity, and public health,
safety, or welfare;
(d) Cost or availability of alternative methods of financing
for the project or program; and
(e) Certainty of using the allocation which is being
requested.
(2) In determining whether to allocate an amount of the
state ceiling to an issuer within any bond use category, the
agency shall consider, but is not limited to, the following
criteria for each of the bond use categories:
(a) Housing: Criteria which comply with RCW 43.180.200.
(b) Student loans: Criteria which comply with the
applicable provisions of Title 28B RCW and rules adopted by the
office of student financial assistance or applicable state agency
dealing with student financial aid.
(c) Small issue: Factors which may include:
(i) The number of employment opportunities the project is
likely to create or retain in relation to the amount of the bond
issuance;
(ii) The level of unemployment existing in the geographic
area likely to be affected by the project;
(iii) A commitment to providing employment opportunities to
low-income persons in cooperation with the employment security
department;
(iv) Geographic distribution of projects;
(v) The number of persons who will benefit from the project;
(vi) Consistency with criteria identified in subsection (1)
of this section; and
(vii) Order in which requests were received.
(d) Exempt facility or redevelopment: Factors which may
include:
(i) State issuance needs;
(ii) Consistency with criteria identified in subsection (1)
of this section;
(iii) Order in which requests were received;
(iv) The proportionate number of persons in relationship to
the size of the community who will benefit from the project; and
(v) The unique timing and issuance needs of large scale
projects that may require allocations in more than one year.
(e) Public utility: Factors which may include:
(i) Consistency with criteria identified in subsection (1)
of this section; and
(ii) Timing needs for issuance of bonds over a multi-year
period.
[2011 1st sp.s. c 11 § 243; 2010 1st sp.s. c 6 § 7; 1987 c 297 § 4.]
NOTES:
Effective date -- 2011 1st sp.s. c 11 §§ 101-103, 106-202, 204-244, and 301: See note following RCW 28B.76.020.
Intent -- 2011 1st sp.s. c 11: See note following RCW 28B.76.020.
Short title -- 2010 1st sp.s. c 6: See note following RCW 43.180.160.