WA People
BILL · 2007–08 SESSION

HB 2396: Permanent common school fund

Regarding investment of moneys in the permanent common school fund.

Summary

  • Clarifies the law to authorize investment of the Permanent Common School Fund in equities when the investment is in the best interest of the state and the Permanent Common School Fund.

From the House Bill Report (HB 2396), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 505, Laws of 2007
  1. IntroducedMar 28, 2007
  2. Out of committeeMar 30, 2007
  3. Passed HouseApr 16, 2007
  4. Passed SenateApr 19, 2007
  5. GovernorMay 15, 2007
  6. LawMay 15, 2007
Prime sponsor
Bill Fromhold (D-49)
Introduced
March 28, 2007 in the House
Last action
May 15, 2007
Session law
Chapter 505, Laws of 2007
Budget
Has a fiscal note

AN ACT Relating to investment of moneys in the permanent common school fund;

Sponsors

Prime sponsor: Bill Fromhold (D-49)

1 co-sponsor (0 Democrats, 1 Republican)

Joyce McDonald R-25

Votes

House · Final Passage

Passed April 16, 2007
Version voted on: HB 2396
93 Yea 1 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat61101
Republican32003
How each member voted

Yea (93)

Nay (1)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed April 19, 2007
Version voted on: HB 2396
45 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat28004
Republican17000
How each member voted

Yea (45)

Permalink to this vote

History

  1. Governor signed.
  2. Effective date 7/22/2007.
  3. Chapter 505, 2007 Laws.
  4. Speaker signed.
  5. President signed.
  6. Delivered to Governor.
  7. Third reading, passed; yeas, 45; nays, 0; absent, 0; excused, 4.
  8. Rules suspended. Placed on Third Reading.
  9. Read first time, rules suspended, and placed on second reading calendar.
  10. Rules suspended. Placed on Third Reading.
  11. Third reading, passed; yeas, 93; nays, 1; absent, 0; excused, 4.
  12. Placed on second reading.
  13. CB - Executive action taken by committee.
  14. Minority; do not pass.
  15. CB - Majority; do pass.
  16. Passed to Rules Committee for second reading.
  17. First reading, referred to Capital Budget.

HB 2396 in other sessions

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

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