Washington Rules Regarding Investment of Public University Funds, HJR 4215 (2007)
The bill authorized the investment of money in public university permanent funds, and permits investment in stocks or bonds issued by any company.
House Resolution Bill 4215 was on the ballot as a legislatively-referred constitutional amendment. It amended Article XVI of the Washington State Constitution and is the 102nd amendment to the state's constitution.
The measure is one of six that appeared on the Washington ballot in November 2007.
|Washington HJR 4215 (2007)|
Election Results via: Washington Secretary of State
Sponsors of the Bill
Sponsors of the bill included: Representatives Kenney, Sells, Buri, Hunt, Wood
Below are the voting results for the measure as it passed through the House and Senate.
Statement of support
Some of the arguments in support of the amendment include:
- Would allow for higher returns by investing in stocks and mutual funds which would give greater support to universities
Drafted by: Phyllis Gutierrez Kenny, State Representative, 46th Legislative District; Mark Schoesler, State Senator, 9th Legislative District; Ken Alhadeff, member – WSU Board of Regents, Chairman – Elttaes Enterprises; Daniel J. Evans, former Governor, Washington State.
Statement of opposition
Some of the arguments of opposition include:
- Would remove funds from a stable source
Drafted by: Bob Hasegawa, State Representative, 11th Legislative District; Glenn Anderson, State Representative, 1th Legislative District.
- Text of Resolution 4215
- 2007 Washington HJR 4215 Election Results
- Ballot Summary Guide
- History of Resolution 4215