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Washington Investment of Public University Funds, Substitute HJR 4215 (2007)

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The Washington Rules Regarding Investment of Public University Funds Amendment, also known as House Joint Resolution 4215, was on the November 6, 2007 ballot in Washington as a legislatively-referred constitutional amendment, where it was approved.[1] 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.

Election results

Washington HJR 4215 (2007)
ResultVotesPercentage
Approveda Yes 831,669 54.45%
No695,66345.55%

Election Results via: Washington Secretary of State

Sponsors of the Bill

Sponsors of the bill included: Representatives Kenney, Sells, Buri, Hunt, Wood

Voting Results

Below are the voting results for the measure as it passed through the House and Senate.

Yeas Nays Absent Excused
Senate 45 0 0 4
House 96 2 0 0

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[2]

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[3]

Drafted by: Bob Hasegawa, State Representative, 11th Legislative District; Glenn Anderson, State Representative, 1th Legislative District.

See also

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