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Wa Higher Education Facilities Auth

RCW 28B.07

The Washington Higher Education Facilities Authority (WHEFA) issues tax exempt, nonrecourse revenue bonds and then lends the proceeds to qualified, private, not for profit higher education institutions in the state, pursuant to a loan and security agreement. Higher education institutions may use the bond proceeds for construction, remodeling, equipment, refinancing of debt, or any other approved purpose. In 2007, WHEFA was given the authority to originate and acquire educational loans and to issue nonrecourse revenue bonds to be paid from such loans.
Net change from current biennium
Percent change from current biennium

Operating Budget: Summary

Appropriated Funds

2021-23 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance   2019-21 Actual 2021-23 Estimated 2023-25 Proposed
Discrete Component Units Processing - Nonappropriated (55)
Total Appropriated Funds (55)

Non-Appropriated Funds