RCW 43.33A.035
Delegation of authority—Investments or investment properties.
The board or its executive director may delegate by contract to private sector or other external advisors or managers the discretionary authority, as fiduciaries, to purchase or otherwise acquire, sell, or otherwise dispose of or manage investments or investment properties on behalf of the board, subject to investment or management criteria established by the board or its executive director. Such criteria relevant to particular investments or class of investment applicable under the board's contract with an advisor or manager must be incorporated by reference into the contract.
[ 1997 c 161 § 2.]
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.