Washington § 28B.95.070 - Washington advanced college tuition payment program account — Powers and duties of the investment board.

Full text of Washington Revised Code of Washington § 28B.95.070 — Washington advanced college tuition payment program account — Powers and duties of the investment board., with citation guidance and answers to common questions.

§ 28B.95.070. Washington advanced college tuition payment program account — Powers and duties of the investment board.

(1) The investment board has the full power to invest, reinvest, manage, contract, sell, or exchange investment money in the account. All investment and operating costs associated with the investment of money shall be paid pursuant to RCW 43.33A.160 and 43.84.160. With the exception of these expenses, the earnings from the investment of the money shall be retained by the account.
(2) All investments made by the investment board shall be made with the exercise of that degree of judgment and care pursuant to RCW 43.33A.140 and the investment policy established by the state investment board.
(3) As deemed appropriate by the investment board, money in the account may be commingled for investment with other funds subject to investment by the board.
(4) The authority to establish all policies relating to the account, other than the investment policies as set forth in subsections (1) through (3) of this section, resides with the governing body. With the exception of expenses of the investment board set forth in subsection (1) of this section, disbursements from the account shall be made only on the authorization of the governing body, and money in the account may be spent only for the purposes of the program as specified in this chapter.
(5) The investment board shall routinely consult and communicate with the governing body on the investment policy, earnings of the trust, and related needs of the program.
[ 2000 c 14 s 6; 1997 c 289 s 7.]

Related Washington Legal Topics

Frequently Asked Questions About Washington § 28B.95.070

What does Revised Code of Washington § 28B.95.070 cover?

Section 28B.95.070 ("Washington advanced college tuition payment program account — Powers and duties of the investment board.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 28B.95.070?

A common citation format is "Revised Code of Washington § 28B.95.070" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 28B.95.070 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.