Section 43.167.020 - [Effective Until 1/1/2026] Powers of authorities-Limitations(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 to support or oppose a candidate, ballot proposition, political party, or political committee.
RCW 43.167.020
2011 c 60 § 40; 2009 c 516 § 2; 2007 c 501 § 4.
Effective date- 2011 c 60: See RCW 42.17A.919.
PDFRCW 43.167.020
This section is set out more than once due to postponed, multiple, or conflicting amendments.