Washington Investment of Developmental Disability Trust Funds, SJR 8214 (2000)
The Washington Investment of Developmental Disability Trust Funds Amendment, also known as Senate Joint Resolution 8214, was on the was on the November 7, 2000 ballot as an Initiative to the People in Washington, where it was approved. The measure removed the constitutional limitations on investment of any trust fund for the benefit of persons with developmental disabilities and permitted the legislature to determine how these funds are invested. The measure amended Section 1 of Article XXIX of the Washington Constitution.
|Washington SJR 8214 (2000)|
Election results via the Washington Secretary of State
Text of measure
The language appeared on the ballot as:
|“||Shall the state constitution be amended to permit state funds held in trust for persons with developmental disabilities to be invested as authorized by law?||”|
Arguments in favor
These arguments in support appeared in the official State of Washington Voter Guide:
|“|| SJR 8214: HELPING PEOPLE WITH DEVELOPMENTAL DISABILITIES LEAD INDEPENDENT LIVES
Helping persons with developmental disabilities be as independent and self-sufficient as possible is an important goal for our communities. In 1999 the Developmental Disabilities Trust Funds was established to help make this goal a reality. Under this public private partnership, families will establish individual trust accounts, the state will provide a level of matching funds, and the money will be invested. The program is compassionate and cost effective. SJR 8214 strengthens this important partnership by making more money available without raising taxes.
SJR 8124: HOW IT WILL MAKE DOLLARS GO FURTHER
State law now limits investment of the trust fund to low-return investments, like government bonds and savings certificates. SJR 8214 will allow the trust fund to be invested in stocks and bonds that can produce higher returns. The investments would be managed by investment professionals with the State Investment Board, which is bound by the highest fiduciary and prudent investment standards. Higher investment earnings means more money is available when services are most needed - that's goods for people with development disabilities, their families, and taxpayers.
Changes to the state constitution like this one proposed by SJR 8214 have been approved by the voters twice before, and taxpayers, retirees, employees and employers have all gained from the higher returns in pension and worker compensation funds. Investing these trust fund dollars in the same way can help people with development disabilities and their families for years to come.
SJR 8124: COMMON SENSE INVESTMENT IN COMPASSION
Vote Yes on SJR 8214. It makes a compassionate and cost effective partnership better.
The following individuals signed the argument in support of Senate Joint Resolution 8214 in the State of Washington's official voter guide:
- Lorraine Wojahn, State Senator
- George Sellar, State Senator
- Lance Morehouse, parent of developmentally disabled child
- Tracy Vandewall, Pierce County Parent Coalition for Developmentally Disabled
- Mary Jo Wilcox, Thurston Country Parent Coalition
- Ted Daniels, citizen advocate for developmentally disabled community
- State of Washington election results
- State of Washington 2000 Voters Pamphlet & Local Voters Pamphlet