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What is Washington State Department of Commerce role in distributing the allocations?

April 26, 2017allocations commerce Department distributing Washington State

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What is Washington State Department of Commerce role in distributing the allocations?

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A. Commerce will administer the division of the state’s allocation among the jurisdictions within the state, will conduct a competitive allocation round for the state’s portion of the allocation, and will monitor the percentages of governmental and private projects as well as the total bond issuing authority used to ensure the state does not exceed the limit of its allocation.