Washington Revised Code Title 28B. Higher Education § 28B.07.300. Student loan financing--Authority--Liability

(a) To originate and purchase educational loans;

(b) To issue revenue bonds payable from and secured by educational loans;

(c) To execute financing documents in connection with such educational loans and bonds;

(d) To adopt rules in accordance with chapter 34.05 RCW;

(e) To participate fully in federal programs that provide guaranties for the repayment of educational loans and do all things necessary, useful, or convenient to make such programs available in the state and carry out the purposes of this chapter;

(f) To contract with an agency, financial institution, or corporation, whether organized under the laws of this state or otherwise, whereby such agency, financial institution, or corporation shall provide billing, accounting, reporting, or administrative services required for educational loan programs administered by the authority or in which the authority participates; and

(g) To form one or more nonprofit special purpose corporations for accomplishing the purposes set forth in this chapter. The authority may contract with any such nonprofit corporation, as set forth in (f) of this subsection.