FINAL BILL REPORT

HB 2161

                                  C 187 L 89

BYRepresentatives Jacobsen, Prince, Rayburn, Grant, Doty, Heavey, P. King, Miller, Jesernig and Van Luven 

Amending the distinguished professorship trust program.

House Committe on Higher Education

Senate Committee on Higher Education

SYNOPSIS AS ENACTED

BACKGROUND:

The Washington Distinguished Professorship Trust Fund Program was created to match public and private funds to support outstanding faculty at the state four-year institutions of higher education. When appropriated funds are available, the state will match $250,000 of state funds with an equal amount of private donations. The total of $500,000 is invested in a local endowment fund at the college or university that raised the private donations.  The proceeds of the endowment fund are used to support the holder of the distinguished professorship.

Commodity commission funds collected from growers through an assessment procedure that was voluntarily adopted by the industry are no longer considered to be private funds once they are collected.

SUMMARY:

The definition of "private donation" in the Washington Distinguished Professorship Trust Fund Program includes assessments by commodity commissions authorized to conduct research activities.

Once state matching funds are released to a local endowment fund, an institution may combine two professorships to support one professorship holder.

VOTES ON FINAL PASSAGE:

      House 98   0

      Senate    44     0

EFFECTIVE:July 23, 1989