HOUSING AUTHORITIES ‑- FUNDS ‑- BANKS ‑- INVESTMENTS ‑- INVESTMENT OF HOUSING AUTHORITY FUNDS IN CERTAIN SECURITIES A public housing authority established pursuant to chapter 35.82 RCW, although authorized to purchase time certificates of deposit issued by certain in-state financial institutions under chapter 39.68 RCW, has no legal authority to purchase such certificates of deposit when issued by out-of-state financial institutions.