A local government must establish by ordinance or resolution an authority. At a minimum, the ordinance must:

1. (1) Specify the powers to be exercised by the authority;
2. (2) Reserve the local government's right to dissolve the authority after its contractual responsibilities have expired;

3. (3) Establish an administrative board, including:

   1. (a) The number of board members;
   2. (b) the times and terms of appointment for each board position;
   3. (c) the amount of compensation, if any, to be paid to board members;
   4. (d) the procedures for removing board members and filing vacancies; and (e) the qualifications for the appointment of individuals to the board;
4. (4) Establish the authority's boundaries, which must be contiguous tracts of land;
5. (5) Ensure that private and public funds provided to the authority will be segregated;
6. (6) Establish guidelines under which the authority may invest its funds;
7. (7) Provide the requirements for auditing the records of the authority; and
8. (8) Require the local government's legal counsel to also provide legal services to the authority.

[ 2007 c 251 s 3.]

Notes:

Captions not law—Severability—2007 c 251: See notes following RCW 35.104.010.