WA People
BILL · 2011–12 SESSION · LATEST VERSION SSB 6468

SB 6468: Research universities/funds

Requiring state research universities to adopt policies governing investment of university funds. (REVISED FOR PASSED LEGISLATURE: Regarding investment of state research university funds. )

Summary

  • Authorizes the University of Washington and Washington State University boards of regents to adopt policies creating investment accounts and to deposit public moneys from operating funds not needed for immediate expenditure into those accounts.
  • Gives the State Investment Board power to invest or reinvest funds in the investment accounts.
  • Specifies that the investment accounts are investment funds within the meaning of Article XXIX, section 1 of the state Constitution.
  • Provides that the act is effective contingent on approval and ratification of Senate Joint Resolution No. 8223 by the state.

From the Substitute House Bill Report (SSB 6468), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 231, Laws of 2012
  1. IntroducedJan 25, 2012
  2. Out of committeeFeb 7, 2012
  3. Passed SenateFeb 13, 2012
  4. Passed HouseMar 2, 2012
  5. GovernorMar 30, 2012
  6. LawMar 30, 2012
Prime sponsor
Derek Kilmer (D-26)
Introduced
January 25, 2012 in the Senate
Last action
March 30, 2012
Session law
Chapter 231, Laws of 2012
Budget
Has a fiscal note
Versions
SB 6468, SSB 6468

AN ACT Relating to policies governing investments by state research universities;

Sponsors

Prime sponsor: Derek Kilmer (D-26)

6 co-sponsors (5 Democrats, 1 Republican)

Mark Schoesler R-9Rodney Tom D-48Ed Murray D-43Nick Harper D-38Steve Conway D-29Paull Shin D-21

Votes

Senate · 3rd Reading & Final Passage

Passed February 13, 2012
Version voted on: SSB 6468
46 Yea 2 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat25200
Republican21001
How each member voted

Nay (2)

Excused (1)

Permalink to this vote

House · Final Passage as Amended by the House

Passed March 2, 2012
Version voted on: SSB 6468
94 Yea 1 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat55100
Republican39003
How each member voted

Yea (94)

Nay (1)

Excused (3)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed March 6, 2012
Version voted on: SSB 6468
46 Yea 3 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat25200
Republican21100
How each member voted

Nay (3)

Permalink to this vote

History

  1. Chapter 231, 2012 Laws. (SSB 6468)
  2. Governor signed. (SSB 6468)
  3. President signed. (SSB 6468)
  4. Speaker signed. (SSB 6468)
  5. Delivered to Governor. (SSB 6468)
  6. Passed final passage; yeas, 46; nays, 3; absent, 0; excused, 0. (SSB 6468)
  7. Senate concurred in House amendments. (SSB 6468)
  8. Rules suspended. Placed on Third Reading. (SSB 6468)
  9. Committee amendment adopted with no other amendments. (SSB 6468)
  10. Third reading, passed; yeas, 94; nays, 1; absent, 0; excused, 3. (SSB 6468)
  11. Rules Committee relieved of further consideration. Placed on second reading. (SSB 6468)
  12. Referred to Rules 2 Review. (SSB 6468)
  13. WAYS - Executive action taken by committee. (SSB 6468)
  14. Minority; do not pass. (SSB 6468)
  15. WAYS - Majority; do pass with amendment(s) but without amendment(s) by Higher Education. (SSB 6468)
  16. Referred to Ways & Means. (SSB 6468)
  17. Minority; do not pass. (SSB 6468)
  18. HE - Majority; do pass with amendment(s). (SSB 6468)
  19. HE - Executive action taken by committee. (SSB 6468)
  20. First reading, referred to Higher Education. (SSB 6468)
  21. Third reading, passed; yeas, 46; nays, 2; absent, 0; excused, 1. (SSB 6468)
  22. Rules suspended. Placed on Third Reading. (SSB 6468)
  23. 1st substitute bill substituted. (SSB 6468)
  24. 1st substitute bill substituted.
  25. Placed on second reading by Rules Committee. (SSB 6468)
  26. Placed on second reading by Rules Committee.
  27. Passed to Rules Committee for second reading. (SSB 6468)
  28. WM - Majority; 1st substitute bill be substituted, do pass. (SSB 6468)
  29. WM - Majority; 1st substitute bill be substituted, do pass.
  30. Passed to Rules Committee for second reading.
  31. Referred to Ways & Means.
  32. And refer to Ways & Means.
  33. HEWD - Majority; without recommendation.
  34. First reading, referred to Higher Education & Workforce Development.

SB 6468 in other sessions

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

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