§ 43.33A.110. Rules and regulations -- Investment policies and procedures
The state investment board may make appropriate rules and regulations for the performance of its duties. The board shall establish investment policies and procedures designed exclusively to maximize return at a prudent level of risk. However, in the case of the department of labor and industries' accident, medical aid, and reserve funds, the board shall establish investment policies and procedures designed to attempt to limit fluctuations in industrial insurance premiums and, subject to this purpose, to maximize return at a prudent level of risk. The board shall adopt rules to ensure that its members perform their functions in compliance with chapter 42.52 RCW. Rules adopted by the board shall be adopted pursuant to chapter 34.05 RCW.
[1994 c 154 § 310; 1989 c 179 § 1; 1988 c 130 § 1; 1981 c 219 § 4; 1981 c 3 § 11.]
Notes:
Parts and captions not law -- Effective date -- Severability -- 1994 c 154: See RCW 42.52.902, 42.52.904, and 42.52.905.
Effective dates -- 1981 c 219: See note following RCW 43.33A.020.
Effective dates -- Severability -- 1981 c 3: See notes following RCW 43.33A.010.
Sections: Previous 43.33A.040 43.33A.050 43.33A.060 43.33A.070 43.33A.080 43.33A.090 43.33A.100 43.33A.110 43.33A.120 43.33A.130 43.33A.135 43.33A.140 43.33A.150 43.33A.160 43.33A.170 Next
Last modified: April 7, 2009