Revised Code of Washington
Chapter 43.33A - State Investment Board.
43.33A.210 - Assets not publicly traded—Treatment of rent and income—Management accounts—Application of this chapter and chapter 39.58 RCW.

RCW 43.33A.210
Assets not publicly traded—Treatment of rent and income—Management accounts—Application of this chapter and chapter 39.58 RCW.

Rent and other income from real estate or other investment assets that are not publicly traded on a daily basis or on an organized exchange that are acquired and being held for investment by the board or by an entity created under RCW 43.33A.200 by the board, and being managed by an external advisor or other property manager under contract, shall not be deemed income or state funds for the purposes of chapter 39.58 RCW and this title, until distributions are made to the board of such income from the advisor or manager. Bank and other accounts established by the advisor or property manager for the purpose of the management of such investment assets shall not be deemed accounts established by the state for the purpose of chapter 39.58 RCW and this title.

[ 1997 c 359 § 2.]

Structure Revised Code of Washington

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.080 - Investment of funds in farm, soil, water conservation loans and in Washington land bank.

43.33A.090 - Records.

43.33A.100 - Offices—Personnel—Officers—Compensation—Transfer of employees—Existing contracts and obligations.

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.

43.33A.210 - Assets not publicly traded—Treatment of rent and income—Management accounts—Application of this chapter and chapter 39.58 RCW.