WA People
BILL · 2011–12 SESSION · LATEST VERSION EHB 2620

HB 2620: State funds investment

Addressing the management and investment of state funds and accounts.

Summary

  • Transfers investment authority from the State Investment Board (SIB) to the State Treasurer for the following accounts: American Indian Scholarship Endowment Fund; Foster Care Scholarship Endowment Fund; Budget Stabilization Account; Special Wildlife Account; Radiation Perpetual Maintenance Fund; State Reclamation Revolving Account; Public Employees and Retirees' Insurance Reserve Fund; Basic Health Plan Self-insurance Reserve Fund; Pension Funding Stabilization Account; Millersylvania Park Trust Fund; and the Judicial Retirement System Account.
  • Investment authority for non-public funds in the American Indian Scholarship Endowment Fund and in the Foster Care Scholarship Endowment Fund is retained by the SIB.

From the Engrossed House Bill Report (EHB 2620), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 187, Laws of 2012
  1. IntroducedJan 19, 2012
  2. Out of committeeFeb 7, 2012
  3. Passed HouseMar 6, 2012
  4. Passed SenateMar 8, 2012
  5. GovernorMar 29, 2012
  6. LawMar 29, 2012
Prime sponsor
Ross Hunter (D-48)
Introduced
January 19, 2012 in the House
Last action
March 29, 2012
Session law
Chapter 187, Laws of 2012
Requested by
State agency
Budget
Has a fiscal note

AN ACT Relating to transferring the investment of funds in certain accounts from the state investment board to the state treasurer;

Sponsors

Prime sponsor: Ross Hunter (D-48)

Votes

House · Final Passage

Passed March 6, 2012
Version voted on: EHB 2620
93 Yea 0 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat55001
Republican38004
How each member voted

Yea (93)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed March 8, 2012
Version voted on: EHB 2620
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat27000
Republican22000
How each member voted

Yea (49)

Permalink to this vote

History

  1. Effective date 6/7/2012*. (EHB 2620)
  2. Chapter 187, 2012 Laws. (EHB 2620)
  3. Governor signed. (EHB 2620)
  4. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0. (EHB 2620)
  5. Rules suspended. Placed on Third Reading. (EHB 2620)
  6. President signed. (EHB 2620)
  7. Speaker signed. (EHB 2620)
  8. Delivered to Governor. (EHB 2620)
  9. Read first time, rules suspended, and placed on second reading calendar. (EHB 2620)
  10. Third reading, passed; yeas, 93; nays, 0; absent, 0; excused, 5. (EHB 2620)
  11. Rules suspended. Placed on Third Reading. (EHB 2620)
  12. Floor amendment(s) adopted. (EHB 2620)
  13. Rules Committee relieved of further consideration. Placed on second reading. (EHB 2620)
  14. Returned to Rules Committee for second reading. (EHB 2620)
  15. Rules Committee relieved of further consideration. Placed on second reading. (EHB 2620)
  16. Referred to Rules 2 Review. (EHB 2620)
  17. WAYS - Majority; do pass. (EHB 2620)
  18. WAYS - Executive action taken by committee. (EHB 2620)
  19. First reading, referred to Ways & Means. (EHB 2620)

HB 2620 in other sessions

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

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