PREPROPOSAL STATEMENT OF INQUIRY
Subject of Possible Rule Making: WAC 262-01-___ (new sections), providing procedures pursuant to which the commission will distribute a portion of the state private activity bond allocation among competing multifamily housing projects.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 43.180.040(3).
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The proposed rules establish the commission's procedures for distributing a portion of the state's private activity bond allocation among competing multifamily housing projects.
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.
Process for Developing New Rule: The commission will hold a public hearing on January 27, 2000, regarding its proposed rules and will take written comments from persons interested in the development of rules concerning the distribution of the commission's private activity bond allocation. Comments received will be considered by the commission before the final rules are published pursuant to a formal notice.
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Mr. Paul Edwards, Director of Capital Projects, Washington State Housing Finance Commission, 1000 Second Avenue, Suite 2700, Seattle, WA 98104-1046. Written comments must be received by January 26, 1999 [2000]. These comments will be considered by the commission at its January 27, 2000, meeting. That meeting shall constitute a public hearing on the proposed rules and the commission will take public comment at that time. Thereafter, the commission shall proceed with rule making.
October 1, 1999
Paul Edwards
Director of Capital Projects