# WAC 262-01-080: WAC 262-01-080. Use of proceeds consistent with plan

> Washington · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_080

## Section

- **Citation:** WAC 262-01-080
- **Heading:** WAC 262-01-080. Use of proceeds consistent with plan
- **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 262-01-080

## Text

The commission shall expend bond proceeds in furtherance of the goals and priorities identified in its plan of housing finance. To ensure that bond proceeds are used in a manner consistent with the plan, the commission shall:
(1) Make specific findings in each resolution authorizing the issuance of bonds that the purposes for which such bonds are issued are in furtherance of its plan; and
(2) Prepare or cause to be prepared every six months from the date of issuance of any bonds until the proceeds of such bonds are expended, a report describing the manner in which bond proceeds have been used in light of the objectives of the plan.

## 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)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WA_ADC_262_01_080. Check the current official text before relying on it. Not legal advice.