Z-0366.1                   _______________________________________________

                                           SENATE JOINT RESOLUTION 8200

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State of Washington                              53rd Legislature                             1993 Regular Session

By Senators A. Rasmussen, Winsley and Newhouse

Read first time 01/11/93.  Referred to Committee on Labor & Commerce.

Amending the Constitution to require that public pension and retirement funds be invested exclusively to maximize return at a pr

          BE IT RESOLVED, BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE STATE OF WASHINGTON, IN LEGISLATIVE SESSION ASSEMBLED:

          THAT, At the next general election to be held in this state there shall be submitted to the qualified voters of the state for their approval and ratification, or rejection, an amendment to Article XXIX, section 1 of the Constitution of the state of Washington to read as follows:

           Article XXIX, section 1.  Notwithstanding the provisions of sections 5, and 7 of Article VIII and section 9 of Article XII or any other section or article of the Constitution of the state of Washington, the moneys of any public pension or retirement fund or industrial insurance trust fund may be invested as authorized by law, except that the public pension and retirement funds shall be invested exclusively to maximize return at a prudent level of risk.

          BE IT FURTHER RESOLVED, That the secretary of state shall cause notice of the foregoing constitutional amendment to be published at least four times during the four weeks next preceding the election in every legal newspaper in the state.

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