# WAC 262-01-070: WAC 262-01-070. Selection of underwriters > Washington · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_070 ## Section - **Citation:** WAC 262-01-070 - **Heading:** WAC 262-01-070. Selection of underwriters - **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 262-01-070 ## Text (1) For purposes of selecting underwriters to provide underwriting and other financial services, the commission shall maintain a roster of underwriters qualified to manage or co-manage single-family and/or multifamily bond issues. (2) Any underwriter may at any time apply to the secretary of the commission to have the underwriter's name placed on the roster or removed from the roster. (3) Whenever the commission determines the need to retain underwriters, it shall request proposals for underwriter services from each underwriter on its roster. (4) The commission may, in its discretion, retain a senior managing underwriter: (a) For the services required during a particular bond issue; or (b) For the services required during a fixed term not to exceed five years. Where the commission has retained a senior managing underwriter for a fixed term the commission reserves the right to select other senior managing underwriters for a particular bond issue during the fixed term. (5) The commission shall select co-managers of the bond issue from the roster and with the advice of the financial advisor, if any, and the senior managing underwriter selected for the particular bond issue. (6) The commission may, after reasonable notice, terminate the services of an underwriter at any time. (7) Upon conclusion of a contract with any underwriter, the chairman or the chairman's designee shall prepare a written evaluation of the underwriter's performance for inclusion in the commission's files. (8) The commission shall retain and terminate the underwriter by resolutions passed according to WAC 262-01-030 (6). (9) In selecting an underwriter, the commission shall consider each of the following factors: (a) The underwriter's technical competence, expertise and innovative capability; (b) The underwriter's success in structuring and/or marketing housing bond issues; n the commission's files. (8) The commission shall retain and terminate the underwriter by resolutions passed according to WAC 262-01-030 (6). (9) In selecting an underwriter, the commission shall consider each of the following factors: (a) The underwriter's technical competence, expertise and innovative capability; (b) The underwriter's success in structuring and/or marketing housing bond issues; (c) The underwriter's familiarity with insured housing programs administered by the Federal Housing Administration, Farmers Home Administration, the Veterans Administration and private insurers and other state and federal housing programs; (d) The underwriter's fee schedule for services; (e) The underwriter's regional and/or national reputation with respect to financial and underwriting services; (f) The qualifications of individuals designated by the underwriter to work with the commission; (g) The underwriter's ability to work with the commissioners and the commission staff; (h) The underwriter's availability to the commissioners and the commission staff; (i) Underwriter's responsiveness to requests for proposals by the commission; (j) Other qualifications of the underwriter that the commission may, by resolution, find relevant to the hiring of an underwriter 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_070. Check the current official text before relying on it. Not legal advice.