Introduced by Sen. Derek Kilmer, (D-Gig Harbor) (D) on January 25, 2012 Proposes an amendment to the state Constitution to provide clear authority to state research universities to invest funds as authorized by law, including investment in stocks or bonds issued by any company. Official Text and Analysis.
Referred to the Senate Higher Education & Workforce Development Committee on January 25, 2012
Referred to the Senate Ways & Means Committee on January 26, 2012
Referred to the Senate Rules Committee on February 11, 2012
Referred to the House Higher Education Committee on February 14, 2012
Referred to the House Ways & Means Committee on February 21, 2012
Amendment offered in the House on February 25, 2012 Provides that moneys of the University of Washington and Washington State University in funds in investment funds authorized by the legislature may be invested as authorized by law.
The amendment passed by voice vote in the House on March 2, 2012
Referred to the House Rules Committee on February 27, 2012
Amendment offered by Rep. Bob Hasegawa (Renton) (D) on March 2, 2012 Provides that, if the public moneys of the University of Washington and Washington State University are invested notwithstanding constitutional limits on lending of the state's credit and being interested in corporate stocks, such public moneys must be invested in a manner exclusively intended to promote positive effects on the state's people, communities, businesses, or environment.
The amendment failed by voice vote in the House on March 2, 2012