BILL · 1997–98 SESSION

HB 2550: Charitable gift annuity bus.

Regulating the charitable gift annuity business.

Summary

  • Institutions that offer charitable gift annuities must, as a condition of doing business in Washington State, maintain $500,000 in minimum unrestricted net assets. The assets must not be restricted by donor-imposed stipulations.

From the Senate Bill Report (HB 2550), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 284, Laws of 1998
  1. IntroducedJan 15, 1998
  2. Out of committee
  3. Passed HouseFeb 10, 1998
  4. Passed SenateMar 4, 1998
  5. Governor
  6. LawApr 2, 1998
Prime sponsor
Les Thomas (R-31)
Introduced
January 15, 1998 in the House
Last action
April 2, 1998
Session law
Chapter 284, Laws of 1998
Requested by
Other
Companion bill
SB 6393

Sponsors

Prime sponsor: Les Thomas (R-31)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

House · Final Passage

February 10, 1998
Version voted on: HB 2550
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat39002
Republican57000
How each member voted

Yea (96)

Excused (2)

Senate · Final Passage

March 4, 1998
Version voted on: HB 2550
42 Yea 0 Nay 0 Absent 7 Excused
PartyYeaNayAbsentExcused
Democrat22001
Republican20006
How each member voted

House · Final Passage

March 9, 1998
Version voted on: HB 2550
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat41000
Republican55002
How each member voted

Yea (96)

Excused (2)

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 2550 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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