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SENATE BILL NO. 5564
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AS AMENDED BY THE HOUSE
C 275 L 87
State of Washington 50th Legislature 1987 Regular Session
By Senator Zimmerman
Read first time 2/5/87 and referred to Committee on Governmental Operations.
AN ACT Relating to local housing authorities; and adding new sections to chapter 35.82 RCW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. A new section is added to chapter 35.82 RCW to read as follows:
A housing authority created under this chapter and activated by a resolution by the governing body of a city, town, or county may be deactivated by a resolution by the city, town, or county. The findings listed in RCW 35.82.030 to activate the housing authority shall be considered prior to deactivating the housing authority. For the sole purposes of winding up the affairs of a deactivated housing authority, the governing body of the city, town, or county may exercise any power granted to a housing authority under this chapter.
NEW SECTION. Sec. 2. A new section is added to chapter 35.82 RCW to read as follows:
The assets of an authority in the process of deactivation shall be applied and distributed as follows:
(1) All liabilities and obligations of the authority shall be paid, satisfied, and discharged, or adequate provision shall be made therefor;
(2) Assets held by the authority upon condition requiring return, transfer, or conveyance, which condition occurs by reason of the deactivation shall be returned, transferred, or conveyed in accordance with such requirements;
(3) Assets received and held by the authority subject to limitations permitting their use only for activities purposes contained in RCW 35.82.070, but not held upon a condition requiring return, transfer, or conveyance by reason of the deactivation, shall be transferred or conveyed to the governing body of the city, town, or county and used to engage in activities contained in RCW 35.82.070;
(4) Other assets, if any, shall be returned to the governing body of the city, town, or county for uses allowed under state law.