Washington State

Office of the Attorney General

Attorney General

Bob Ferguson

AGLO 1977 NO. 8 > Feb 24 1977

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.