Section 286-27-045. What is a conversion of use?  


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  • A "conversion" occurs when interests in real property and facilities acquired, developed, renovated, enhanced or restored are converted to uses other than those for which the funds were originally approved and described in the project agreement. Interests in real property include, but are not limited to, options, rights of first refusal, conservation easements, leases, and mineral rights.
    [Statutory Authority: 2007 c 241 § 39, RCW 34.05.220, 34.05.230, 42.56.040, 79A.15.030, 79A.15.060, 79A.15.070, 79A.15.120, and 79A.15.130. WSR 14-09-074, § 286-27-045, filed 4/18/14, effective 5/19/14. Statutory Authority: RCW 79A.15.030(8), 79A.15.060(1), 79A.15.070(5), 79A.15.120(4), 79A.15.130(4). WSR 06-05-025, § 286-27-045, filed 2/7/06, effective 3/10/06.]
2007 c 241 § 39, RCW 34.05.220, 34.05.230, 42.56.040, 79A.15.030, 79A.15.060, 79A.15.070, 79A.15.120, and 79A.15.130. WSR 14-09-074, § 286-27-045, filed 4/18/14, effective 5/19/14. Statutory Authority: RCW 79A.15.030(8), 79A.15.060(1), 79A.15.070(5), 79A.15.120(4), 79A.15.130(4). WSR 06-05-025, § 286-27-045, filed 2/7/06, effective 3/10/06.