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Wa Econ Develop Finance Authority - Current Law

RCW 43.163

The Washington Economic Development Finance Authority (WEDFA) is an independent agency authorized to issue nonrecourse tax-exempt and taxable bonds in support of qualifying projects. There is no governmental financial support, either direct or indirect, for WEDFA bonds. Payment of principal and interest is solely the responsibility of the borrowing company. The ability to borrow at tax-exempt rates makes this type of financing very attractive, however. WEDFA is not supported by government funding; the authority is prohibited by statute from receiving any appropriation of state funds. WEDFA is solely dependent upon fee income derived from its bond issuance programs to pay all its staffing and other operational expenses.
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 2,279
Total Appropriated Funds 2,279

Non-Appropriated Funds