§ 43-167-020

RCW 43.167.020Powers of authorities—Limitations. (Effective until January 1, 2026.)(1) A community preservation and development authority shall have the power to:(a) Accept gifts, grants, loans, or other aid from public or private entities;(b) Employ and appoint such agents, attorneys, officers, and employees as may be necessary to implement the purposes and duties of an authority;(c) Contract and enter into partnerships with individuals, associations, corporations, and local, state, and federal governments;(d) Buy, own, lease, and sell real and personal property;(e) Hold in trust, improve, and develop land;(f) Invest, deposit, and reinvest its funds;(g) Incur debt in furtherance of its mission; and(h) Lend its funds, property, credit, or services for corporate purposes.(2) A community preservation and development authority has no power of eminent domain nor any power to levy taxes or special assessments.(3) A community preservation and development authority that accepts public funds under subsection (1)(a) of this section:(a) Is subject in all respects to Article VIII, section 5 or 7, as appropriate, of the state Constitution, and to RCW 42.17A.550; and(b) May not use the funds

under subsection (1)(a) of this section:(a) Is subject in all respects to Article VIII, section 5 or 7, as appropriate, of the state Constitution, and to RCW 42.17A.550; and(b) May not use the funds to support or oppose a candidate, ballot proposition, political party, or political committee.[ 2011 c 60 s 40; 2009 c 516 s 2; 2007 c 501 s 4.]NOTES:Effective date—2011 c 60: See RCW 42.17A.919.(1) A community preservation and development authority shall have the power to:(a) Accept gifts, grants, loans, or other aid from public or private entities;(b) Employ and appoint such agents, attorneys, officers, and employees as may be necessary to implement the purposes and duties of an authority;(c) Contract and enter into partnerships with individuals, associations, corporations, and local, state, and federal governments;(d) Buy, own, lease, and sell real and personal property;(e) Hold in trust, improve, and develop land;(f) Invest, deposit, and reinvest its funds;(g) Incur debt in furtherance of its mission; and(h) Lend its funds, property, credit, or services for corporate purposes.(2) A community preservation and development authority has no power of eminent domain nor any power to

ance of its mission; and(h) Lend its funds, property, credit, or services for corporate purposes.(2) A community preservation and development authority has no power of eminent domain nor any power to levy taxes or special assessments.(3) A community preservation and development authority that accepts public funds under subsection (1)(a) of this section:(a) Is subject in all respects to Article VIII, section 5 or 7, as appropriate, of the state Constitution, and to RCW 29B.40.250; and(b) May not use the funds to support or oppose a candidate, ballot proposition, political party, or political committee.[ 2024 c 164 s 526; 2011 c 60 s 40; 2009 c 516 s 2; 2007 c 501 s 4.]NOTES:Intent—Construction—Rules remain valid—Effective date—2024 c 164: See notes following RCW 29B.10.010.Effective date—2011 c 60: See note following RCW 29B.20.030.