RCW 43.250.190
Separately managed accounts—Investment of funds by state treasurer—Degree of judgment and care required.
Funds placed in separately managed accounts pursuant to agreements between the office of the state treasurer and eligible governmental entities shall be invested and reinvested by the state treasurer so as to effectively maximize the yield to the separately managed account portfolios. In investing and reinvesting moneys in the separately managed accounts and in acquiring, retaining, managing, and disposing of investments of the separately managed accounts, there shall be exercised the judgment and care under the circumstances then prevailing which persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of the funds considering the probable income as well as the probable safety of the capital. The state treasurer shall also consider the public policies of Washington and the values of its citizens when making investment-related decisions.
[ 2019 c 163 § 7.]
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.250 - Investment of Local Government Funds—Separately Managed Accounts.
43.250.030 - Public funds investment account.
43.250.050 - Investment pool—Employment of personnel.
43.250.060 - Investment pool—Generally.
43.250.070 - Investment pool—Separate accounts for participants—Monthly status report.
43.250.080 - Investment pool—Annual summary of activity.
43.250.150 - Separately managed public funds investment account.
43.250.160 - Separately managed state agency investment account.
43.250.170 - Separately managed state treasurer's service account.
43.250.180 - Separately managed accounts—Agreements—Rule making.
43.250.200 - Separately managed accounts—Employment of personnel.