Washington State University and the state's other five public
four-year colleges and universities propose that the 2007
Legislature approve changes in the state constitution and submit the
proposal to the voters to provide better investment returns from
trust lands. Currently, the state investment board is not allowed to
invest in stock equities, only government bonds, for higher
education. There is no constitutional restriction on state pension
funds for K-12 trusts. |
Legislative Briefing Paper
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