RCW 28B.10.928
Investment authority—Bonds, warrants, certificates, notes, bankers' acceptances, and commercial paper.
(1) The following definitions apply throughout this section unless the context clearly requires otherwise.
(a) "Bond" means any agreement which may or may not be represented by a physical instrument, including but not limited to bonds, notes, warrants, or certificates of indebtedness, that evidences an obligation under which the issuer agrees to pay a specified amount of money, with or without interest, at a designated time or times either to registered owners or bearers.
(b) "Local government" means any county, city, town, special purpose district, political subdivision, municipal corporation, or quasi-municipal corporation, including any public corporation, authority, or other instrumentality created by such an entity.
(c) "State" includes any state in the United States, other than the state of Washington.
(2) In addition to any other statutorily authorized investments permissible pursuant to chapters 28B.20, 28B.30, 28B.35, 28B.40, and 28B.50 RCW, institutions of higher education may invest in:
(a) Bonds of the state of Washington and any local government in the state of Washington, which bonds have at the time of investment one of the three highest credit ratings of a nationally recognized rating agency;
(b) General obligation bonds of a state and general obligation bonds of a local government of a state, which bonds have at the time of investment one of the three highest credit ratings of a nationally recognized rating agency;
(c) Subject to compliance with RCW 39.56.030, registered warrants of a local government in the same county as the institution of higher education making the investment;
(d) Certificates, notes, or bonds of the United States, or other obligations of the United States or its agencies, or of any corporation wholly owned by the government of the United States; or United States dollar denominated bonds, notes, or other obligations that are issued or guaranteed by supranational institutions, provided that, at the time of investment, the institution has the United States government as its largest shareholder;
(e) Federal home loan bank notes and bonds, federal land bank bonds and federal national mortgage association notes, debentures and guaranteed certificates of participation, or the obligations of any other government sponsored corporation whose obligations are or may become eligible as collateral for advances to member banks as determined by the board of governors of the federal reserve system;
(f) Bankers' acceptances purchased on the secondary market;
(g) Commercial paper purchased in the secondary market, provided that any institution of higher education that invests in such commercial paper must adhere to the investment policies and procedures adopted by the state investment board; and
(h) Corporate notes purchased on the secondary market, provided that any institution of higher education that invests in such notes must adhere to the investment policies and procedures adopted by the state investment board.
(3) Nothing in this section limits the investment authority granted pursuant to chapters 28B.20, 28B.30, 28B.35, 28B.40, and 28B.50 RCW.
[ 2016 c 152 § 21.]
Structure Revised Code of Washington
Chapter 28B.10 - Colleges and Universities Generally.
28B.10.017 - "Eligible student" defined.
28B.10.019 - Electronic signatures.
28B.10.020 - Acquisition of property by universities and The Evergreen State College.
28B.10.022 - Authority to enter into financing contracts—Notice.
28B.10.024 - Awards of procurement contracts to veteran-owned businesses.
28B.10.025 - Purchases of works of art—Procedure.
28B.10.0291 - Savings report—2012 c 230.
28B.10.030 - Display of United States flag.
28B.10.031 - Check cashing privileges.
28B.10.033 - Teacher preparation programs.
28B.10.034 - Central Washington University—Student teacher remote supervision.
28B.10.035 - Concurrent enrollment program accreditation.
28B.10.037 - Student expression in school-sponsored media.
28B.10.040 - Higher educational institutions to be nonsectarian.
28B.10.042 - Personal identifiers—Use of social security numbers prohibited.
28B.10.0421 - Personal identifiers—Funding.
28B.10.050 - Entrance requirements exceeding minimum requirements.
28B.10.057 - Academic credit for military training.
28B.10.100 - "Major line" defined.
28B.10.105 - Courses exclusive to the University of Washington.
28B.10.106 - Courses exclusive to Washington State University.
28B.10.115 - Major lines common to University of Washington and Washington State University.
28B.10.118 - Accelerated baccalaureate degree programs—Approval.
28B.10.140 - Teachers' training courses.
28B.10.145 - Diversity, equity, inclusion, and antiracism—Professional development.
28B.10.147 - Diversity, equity, inclusion, and antiracism—Campus climate assessment.
28B.10.149 - Diversity, equity, inclusion, and antiracism—Program for students.
28B.10.151 - Diversity, equity, inclusion, and antiracism—Reports.
28B.10.170 - College and university fees.
28B.10.280 - Student loans—Federal student aid programs.
28B.10.281 - Student loans—Certain activities may make student ineligible for aid.
28B.10.284 - Uniform minor student capacity to borrow act.
28B.10.287 - Postsecondary institution financial aid disbursement by third party.
28B.10.293 - Collection of debts—Conditions and limitations on institutions of higher education.
28B.10.294 - Collection of debts—Report.
28B.10.295 - Educational materials on abuses of, and illnesses consequent from, alcohol.
28B.10.335 - Validation of prior bond issues.
28B.10.354 - High-performance public buildings requirements.
28B.10.400 - Annuities and retirement income plans—Authorized.
28B.10.405 - Annuities and retirement income plans—Contributions by faculty and employees.
28B.10.409 - Annuities and retirement income plans—Membership while serving as state legislator.
28B.10.410 - Annuities and retirement income plans—Limitation on institution's contribution.
28B.10.425 - Additional pension for certain retired university faculty members or employees.
28B.10.430 - Annuities and retirement income plans—Minimum monthly benefit—Computation.
28B.10.480 - Tax deferred annuities for employees.
28B.10.500 - Removal of regents or trustees from universities and The Evergreen State College.
28B.10.510 - Attorney general as advisor.
28B.10.520 - Regents and trustees—Oaths.
28B.10.525 - Regents and trustees—Travel expenses.
28B.10.528 - Delegation of powers and duties by governing boards.
28B.10.550 - Police forces for universities and The Evergreen State College—Authorized.
28B.10.555 - Police forces for universities and The Evergreen State College—Powers.
28B.10.572 - Certain unlawful acts—Disciplinary authority exception.
28B.10.580 - Term papers, theses, dissertations, sale of prohibited—Legislative findings—Purpose.
28B.10.582 - Term papers, theses, dissertations, sale of prohibited—Definitions.
28B.10.590 - Course materials—Cost savings—Online course descriptions.
28B.10.592 - College textbook information—Publishers' duties.
28B.10.618 - Credit card marketing policies.
28B.10.631 - Bridge-funding programs—Establishment and administration.
28B.10.665 - Liability insurance for officers and employees authorized.
28B.10.679 - Washington mathematics placement test.
28B.10.680 - Precollege coursework—Findings—Intent.
28B.10.685 - Precollege coursework—Enrollment information—Report.
28B.10.690 - Graduation rate improvement—Findings.
28B.10.691 - Graduation rate improvement—Strategic plans—Adoption of strategies.
28B.10.693 - Graduation rate improvement—Student progression understandings.
28B.10.695 - Timely completion of degree and certificate programs—Adoption of policies.
28B.10.698 - Schools of medicine—Health equity curriculum.
28B.10.699 - Schools of medicine—Underrepresented students—Report.
28B.10.700 - Physical education in curriculum.
28B.10.703 - Programs for intercollegiate athletic competition—Authorized.
28B.10.708 - Graduation ceremonies—Tribal regalia.
28B.10.710 - Washington state or Pacific Northwest history in curriculum.
28B.10.730 - AIDS information—Four-year institutions.
28B.10.735 - Suicide prevention—Identification cards.
28B.10.776 - Budget calculation—Enrollment levels—Participation rate.
28B.10.778 - Budget calculation—New enrollments—Funding level—Inflation factor.
28B.10.780 - Budget calculation—Funding level.
28B.10.782 - Budget calculation—Increased enrollment target level—Availability of information.
28B.10.786 - Budget calculation—Student financial aid programs.
28B.10.825 - Institutional student loan fund for needy students.
28B.10.840 - Definitions for purposes of RCW 28B.10.840 through 28B.10.844.
28B.10.846 - Report of child abuse or neglect—Reporting responsibilities.
28B.10.878 - G. Robert Ross distinguished faculty award.
28B.10.890 - Collegiate license plate fund—Scholarships.
28B.10.900 - "Hazing" defined.
28B.10.901 - Hazing prohibited—Penalty.
28B.10.904 - Hazing—Code of conduct—Educational program.
28B.10.905 - Hazing—Prevention committee.
28B.10.906 - Hazing—Report of violations.
28B.10.907 - Hazing—Prevention education—Incident reporting.
28B.10.908 - Hazing—Social fraternity and sorority organizations.
28B.10.910 - Students with disabilities—Core services.
28B.10.912 - Students with disabilities—Core services described—Notice of nondiscrimination.
28B.10.914 - Students with disabilities—Accommodation.
28B.10.916 - Supplemental instructional materials for students with print access disability.
28B.10.918 - Disability history month—Activities.
28B.10.926 - Transfer of ownership of institution-owned vessel—Further requirements.
28B.10.930 - Comprehensive cancer care collaborative arrangements—Nonstate entity.
28B.10.980 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.