Revised Code of Washington - RCW Title 43 State Government -- Executive - Chapter 43.33A State Investment Board
- 43.33A.010 General powers and duties
The state investment board shall exercise all the powers and perform all duties prescribed by law with respect to the investment of public trust and ...
- 43.33A.020 Board created -- Membership -- Terms -- Vacancies -- Removal
There is hereby created the state investment board to consist of fifteen members to be appointed as provided in this section. (1) One member who ...
- 43.33A.025 Criminal history record checks for board staff finalist candidates
(1) Notwithstanding any provision of RCW 43.43.700 through 43.43.815, the state investment board shall require a criminal history record check for conviction records through the ...
- 43.33A.030 Trusteeship of funds -- Contracts -- Delegation of powers and duties
Trusteeship of those funds under the authority of the board is vested in the voting members of the board. The nonvoting members of the board ...
- 43.33A.035 Delegation of authority--Investments or investment properties
The board or its executive director may delegate by contract to private sector or other external advisors or managers the discretionary authority, as fiduciaries, to ...
- 43.33A.040 Quorum -- Meetings -- Chairperson -- Vice chairperson
(1) A quorum to conduct the business of the state investment board consists of at least six voting members. No action may be taken by ...
- 43.33A.050 Compensation of members -- Travel expenses
Members of the state investment board who are public employees shall serve without compensation but shall suffer no loss because of absence from their regular ...
- 43.33A.060 Employment restrictions
No member during the term of appointment may be employed by any investment brokerage or mortgage servicing firm doing business with the state investment board. ...
- 43.33A.070 Liability of members
No member of the state investment board is liable for the negligence, default, or failure of any other person or other member of the board ...
- 43.33A.080 Investment of funds in farm, soil, water conservation loans and in Washington land bank
The state investment board may invest those funds which are not under constitutional prohibition in: (1) Farm ownership and soil and water conservation loans fully ...
- 43.33A.090 Records
The state investment board shall keep a full and complete public record of its proceedings in appropriate books of record. Within sixty days of July ...
- 43.33A.100 Offices -- Personnel -- Officers -- Compensation -- Transfer of employees -- Existing contracts and obligations
The state investment board shall maintain appropriate offices and employ such personnel as may be necessary to perform its duties. Employment by the investment board ...
- 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 ...
- 43.33A.120 Examination of accounts, files, and other records
All accounts, files, and other records of the state investment board which pertain to each retirement system are subject at any time or from time ...
- 43.33A.130 Securities -- State treasurer may cause same to be registered in the name of the nominee
The state treasurer may cause any securities in which the state investment board deals to be registered in the name of a nominee without mention ...
- 43.33A.135 Investment policy -- Investment options
The state investment board has the full power to establish investment policy, develop participant investment options, and manage investment funds for the state deferred compensation ...
- 43.33A.140 Investments -- Standard of investment and management
The state investment board shall invest and manage the assets entrusted to it with reasonable care, skill, prudence, and diligence under circumstances then prevailing which ...
- 43.33A.150 Reports of investment activities
(1) The state investment board shall prepare written reports at least quarterly summarizing the investment activities of the state investment board, which reports shall be ...
- 43.33A.160 Funding of board -- State investment board expense account
(1) The state investment board shall be funded from the earnings of the funds managed by the state investment board, proportional to the value of ...
- 43.33A.170 Commingled trust funds -- Participation of funds in investments of board
The state investment board is authorized to establish commingled trust funds in the state treasury for the implementation of specific investment programs for any combination ...
- 43.33A.180 Investment accounting -- Transfer of functions and duties from state treasurer's office
The state investment board shall account for and report on the investments authorized by this chapter in the manner prescribed by the office of financial ...
- 43.33A.190 Self-directed investment -- Board's duties
Pursuant to RCW 41.34.130, the state investment board shall invest all self-directed investment moneys under teachers' retirement system plan 3, the school employees' retirement system ...
- 43.33A.200 Creation of entities for investment purposes -- Liability -- Tax status
(1) The board is authorized to create corporations under Title 23B RCW, limited liability companies under chapter 25.15 RCW, and limited partnerships under chapter 25.10 ...
- 43.33A.210 Assets not publicly traded--Treatment of rent and income--Management accounts--Application of this chapter and chapter 39.58 RCW
Rent and other income from real estate or other investment assets that are not publicly traded on a daily basis or on an organized exchange ...
- 43.33A.230 Basic health plan self-insurance reserve account -- Board duties and powers
(1) The state investment board has the full power to invest, reinvest, manage, contract, sell, or exchange investment money in the basic health plan self-insurance ...
Last modified: April 7, 2009