RCW 43.33A.030
Trusteeship of funds—Contracts—Delegation of powers and duties.
Trusteeship of those funds under the authority of the board is vested in the voting members of the board. The nonvoting members of the board shall advise the voting members on matters of investment policy and practices.
The board may enter into contracts necessary to carry out its powers and duties. The board may delegate any of its powers and duties to its executive director as deemed necessary for efficient administration and when consistent with the purposes of chapter 3, Laws of 1981.
Subject to guidelines established by the board, the board's executive director may delegate to board staff any of the executive director's powers and duties including, but not limited to, the power to make investment decisions and to execute investment and other contracts on behalf of the board.
[ 1997 c 161 § 1; 1981 c 3 § 3.]
NOTES:
Effective dates—Severability—1981 c 3: See notes following RCW 43.33A.010.
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.33A - State Investment Board.
43.33A.010 - General powers and duties.
43.33A.020 - Board created—Membership—Terms—Vacancies—Removal.
43.33A.025 - Criminal history record checks for board staff finalist candidates.
43.33A.030 - Trusteeship of funds—Contracts—Delegation of powers and duties.
43.33A.035 - Delegation of authority—Investments or investment properties.
43.33A.040 - Quorum—Meetings—Chairperson—Vice chairperson.
43.33A.050 - Compensation of members—Travel expenses.
43.33A.060 - Employment restrictions.
43.33A.070 - Liability of members.
43.33A.110 - Rules and regulations—Investment policies and procedures.
43.33A.120 - Examination of accounts, files, and other records.
43.33A.130 - Securities—State treasurer may cause same to be registered in the name of the nominee.
43.33A.135 - Investment policy—Investment options.
43.33A.140 - Investments—Standard of investment and management.
43.33A.150 - Reports of investment activities.
43.33A.160 - Funding of board—State investment board expense account.
43.33A.170 - Commingled trust funds—Participation of funds in investments of board.
43.33A.180 - Investment accounting—Transfer of functions and duties from state treasurer's office.
43.33A.190 - Self-directed investment—Board's duties (as amended by 2016 c 39).
43.33A.200 - Creation of entities for investment purposes—Liability—Tax status.