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1 (9) To carry out the purposes of this section including, but not <br />2 limited to, financing loans or grants to nonprofit organizations or <br />3 public housing authorities, the legislative authority of the county <br />4 or city imposing the tax has the authority to issue general <br />5 obligation or revenue bonds within the limitations now or hereafter <br />6 prescribed by the laws of this state, and may use, and is authorized <br />7 to pledge, the moneys collected under this section for repayment of <br />8 such bonds. <br />9 (10) A county or city may enter into an interlocal agreement with <br />10 one or more counties, cities, or public housing authorities in <br />11 accordance with chapter 39.34 RCW. The agreement may include, but is <br />12 not limited to, pooling the tax receipts received under this section, <br />13 pledging those taxes to bonds issued by one or more parties to the <br />14 agreement, and allocating the proceeds of the taxes levied or the <br />15 bonds issued in accordance with such interlocal agreement and this <br />16 section. <br />17 (11) Counties and cities imposing the tax under this section must <br />18 report annually to the department of commerce on the collection and <br />19 use of the revenue. The department of commerce must adopt rules <br />20 prescribing content of such reports. By December 1, 2019, and <br />21 annually thereafter, and in compliance with RCW 43.01.036, the <br />22 department of commerce must submit a report annually to the <br />23 appropriate legislative committees with regard to such uses. <br />24 (12) The tax imposed by a county or city under this section <br />25 expires twenty years after the date on which the tax is first <br />26 imposed. <br />--- END --- <br />p. 5 SHB 1406 <br />135 <br />