WSR 14-16-037

PERMANENT RULES

HOUSING FINANCE COMMISSION

[Filed July 28, 2014, 9:55 a.m., effective August 28, 2014]

Effective Date of Rule: Thirty-one days after filing.

Purpose: The rule amends WAC 262-01-100 Financing energy efficiency improvements, to provide greater clarity to sustainable energy trust program participants regarding the operation of the program.

Citation of Existing Rules Affected by this Order: Amending WAC 262-01-100.

Statutory Authority for Adoption: RCW 43.180.140, 43.180.260.

Adopted under notice filed as WSR 14-11-074 on May 20, 2014.

Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.

Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 1, Repealed 0.

Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 1, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 0, Repealed 0.

Date Adopted: July 24, 2014.

Paul R. Edwards

Deputy Director

AMENDATORY SECTION (Amending WSR 83-24-001, (Resolution No. 83-12), filed 11/28/83)

WAC 262-01-100 (Financing energy efficiency improvements) as follows:

(1) The commission, in developing its plan of housing finance, shall consider energy efficiency improvements that may reasonably be achieved through the housing finance programs of the commission.

(2) The commission may, as part of a particular single family mortgage purchase bond issue, require minimum energy efficiency standards as a condition of eligibility for housing finance assistance or the commission may make bond proceeds available for rehabilitation or home improvement loans for energy efficiency enhancement.

(3) The commission ((shall)) may require applicants for multifamily housing financing to specify what steps will be taken to insure energy efficiency in the project to be financed. The commission ((shall)) may consider such plans in determining whether or not bond proceeds may be used for such purposes.

(4) In administering a sustainable energy trust program pursuant to RCW 43.180.260, the commission may (a) provide loan financing for qualified energy efficiency and renewable energy improvements by making loans or by buying or investing in loans or participations therein, and (b) establish eligibility criteria for projects and borrowers.

Reviser's note: RCW 34.05.395 requires the use of underlining and deletion marks to indicate amendments to existing rules. The rule published above varies from its predecessor in certain respects not indicated by the use of these markings.

Reviser's note: The typographical error in the above section occurred in the copy filed by the agency and appears in the Register pursuant to the requirements of RCW 34.08.040.