# WAC 262-01-060: WAC 262-01-060. Selection of bond counsel > Washington · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_060 ## Section - **Citation:** WAC 262-01-060 - **Heading:** WAC 262-01-060. Selection of bond counsel - **Jurisdiction:** Washington - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Washington Administrative Code / Title 262 / Chapter 262-01 / Section 262-01-060 ## Text (1) For purposes of selecting counsel to provide bond counsel services, the commission shall maintain a roster of bond counsel qualified to issue opinions that will be accepted by underwriting firms, bondholders, and rating agencies. Such roster shall include all firms from the state of Washington listed as municipal bond attorneys in the most recent edition of The Directory of Municipal Bond Dealers published by The Bond Buyer. (2) Any bond counsel may at any time apply to the secretary of the commission to have the name of his or her firm placed on the roster or removed from the roster. (3) Whenever the commission determines the need to retain bond counsel, it shall request proposals for bond counsel services from each bond counsel on its roster. (4) The commission may, in its discretion, retain bond counsel (a) for the services required for the issuance of a particular bond issue, or (b) for the services required during a fixed term not to exceed two years. Where the commission has retained bond counsel for a fixed term, the commission reserves the right to select other bond counsel for a particular bond issue during the fixed term. (5) The commission may, after reasonable notice, terminate the services of a bond counsel at any time. (6) Upon the conclusion of a contract with any bond counsel, the chairman or the chairman's designee shall prepare a written evaluation of the firm's performance for inclusion in the commission's files. (7) The commission shall retain and terminate bond counsel by resolution passed according to WAC 262-01-030 (6). (8) In selecting bond counsel, the commission shall consider each of the following factors: (a) Bond counsel's experience in public finance law; (b) Bond counsel's experience in housing finance law; (c) Bond counsel's familiarity with Washington state constitutional and municipal law; (d) Bond counsel's fee schedule for services; (e) Bond counsel's regional and/or national reputation with respect to the recognition of its bond opinion; ission shall consider each of the following factors: (a) Bond counsel's experience in public finance law; (b) Bond counsel's experience in housing finance law; (c) Bond counsel's familiarity with Washington state constitutional and municipal law; (d) Bond counsel's fee schedule for services; (e) Bond counsel's regional and/or national reputation with respect to the recognition of its bond opinion; (f) The qualifications of individual attorneys designated by bond counsel to work with the commission; (g) Bond counsel's ability to work with the commissioners and the commission staff; (h) Bond counsel's availability to the commissioners and the commission staff; (i) Bond counsel's expertise in the areas of real estate tax and securities laws, and financing transactions; (j) Bond counsel's responsiveness to requests for proposals by the commission; (k) Other qualifications of bond counsel that the commission may, by resolution, find relevant to the hiring of bond counsel to carry out lawful purposes of the commission. ## Nearby sections - [WAC 262-01-010 WAC 262-01-010. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_010.md) - [WAC 262-01-020 WAC 262-01-020. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_020.md) - [WAC 262-01-030 WAC 262-01-030. Description of organization](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_030.md) - [WAC 262-01-040 WAC 262-01-040. Meetings](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_040.md) - [WAC 262-01-050 WAC 262-01-050. Public records](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_050.md) - [WAC 262-01-060 WAC 262-01-060. Selection of bond counsel](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_060.md) - [WAC 262-01-070 WAC 262-01-070. Selection of underwriters](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_070.md) - [WAC 262-01-080 WAC 262-01-080. Use of proceeds consistent with plan](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_080.md) - [WAC 262-01-090 WAC 262-01-090. Fair and equitable distribution of bond proceeds](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_090.md) - [WAC 262-01-100 WAC 262-01-100. [(]Financing energy efficiency improvements[) as follows:][.]](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_100.md) - [WAC 262-01-110 WAC 262-01-110. Contents of the qualified allocation plan](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_110.md) - [WAC 262-01-120 WAC 262-01-120. Procedures for adopting the plan](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_120.md) - [WAC 262-01-130 WAC 262-01-130. Tax credit program](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_130.md) - [WAC 262-01-140 WAC 262-01-140. Private activity bond allocation](https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_140.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_060. Check the current official text before relying on it. Not legal advice.