WA People
BILL · 2009–10 SESSION

HB 2877: Educational employees/stock

Authorizing payment of regulated company stock in lieu of a portion of salary for educational employees.

Summary

  • Permits members of the board of directors of a school district, the Teachers’ Retirement System, the Superintendent of Public Instruction, and Educational Service District Superintendents to purchase regulated company stock held in a custodial account, as well as tax deferred annuities for employees’ federal Internal Revenue Service qualified section 403(b) accounts.

From the House Bill Report (HB 2877), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 41, Laws of 2010
  1. IntroducedJan 15, 2010
  2. Out of committeeFeb 1, 2010
  3. Passed HouseFeb 13, 2010
  4. Passed SenateMar 4, 2010
  5. GovernorMar 12, 2010
  6. LawMar 12, 2010
Prime sponsor
Jim Moeller (D-49)
Introduced
January 15, 2010 in the House
Last action
March 12, 2010
Session law
Chapter 41, Laws of 2010
Companion bill
SB 6501
Budget
Has a fiscal note

AN ACT Relating to authorizing payment of regulated company stock in lieu of a portion of salary for educational employees;

Sponsors

Prime sponsor: Jim Moeller (D-49)

Votes

House · Final Passage

Passed February 13, 2010
Version voted on: HB 2877
94 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat57004
Republican37000
How each member voted

Yea (94)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed March 4, 2010
Version voted on: HB 2877
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat31000
Republican17001
How each member voted

Yea (48)

Excused (1)

Permalink to this vote

History

  1. Effective date 6/10/2010.
  2. Chapter 41, 2010 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. WM - Majority; do pass.
  11. Passed to Rules Committee for second reading.
  12. First reading, referred to Ways & Means.
  13. Third reading, passed; yeas, 94; nays, 0; absent, 0; excused, 4.
  14. Rules suspended. Placed on Third Reading.
  15. Placed on second reading by Rules Committee.
  16. Passed to Rules Committee for second reading.
  17. WAYS - Executive action taken by committee.
  18. WAYS - Majority; do pass.
  19. First reading, referred to Ways & Means.

HB 2877 in other sessions

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

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