_______________________________________________
ENGROSSED
SENATE BILL 5954
_______________________________________________
AS
AMENDED BY THE HOUSE
Passed
Legislature - 1997 Regular Session
State of Washington 55th
Legislature 1997 Regular Session
By
Read first time 02/21/97.
Referred to Committee on Higher Education.
Regulating
claims against the University of Washington.
AN
ACT Relating to claims against the University of Washington; amending RCW
28B.20.253; providing an effective date; and declaring an emergency.
BE IT ENACTED BY THE
LEGISLATURE OF THE STATE OF WASHINGTON:
Sec.
1. RCW
28B.20.253 and 1991 sp.s. c 13 s 117 are each amended to read as follows:
(1)
A self-insurance revolving fund in the custody of the ((treasurer)) university
is hereby created to be used solely and exclusively by the board of regents of
the University of Washington for the following purposes:
(a)
The payment of judgments against the university, its schools, colleges,
departments, and hospitals and against its regents, officers, employees,
agents, and students for whom the defense of an action, claim, or proceeding
has been provided pursuant to RCW 28B.20.250.
(b)
The payment of claims against the university, its schools, colleges,
departments, and hospitals and against its regents, officers, employees,
agents, and students for whom the defense of an action, claim, or proceeding
has been provided pursuant to RCW 28B.20.250: PROVIDED, That payment of claims
in excess of twenty-five ((hundred)) thousand dollars must be
approved by the state attorney general.
(c)
For the cost of investigation, administration, and defense of actions, claims,
or proceedings, and other purposes essential to its liability program.
(2)
Said self-insurance revolving fund shall consist of periodic payments by the
University of Washington from any source available to it in such amounts as are
deemed reasonably necessary to maintain the fund at levels adequate to provide
for the anticipated cost of payments of incurred claims and other costs to be
charged against the fund.
(3)
No money shall be paid from the self-insurance revolving fund unless first
approved by the board of regents, and unless all proceeds available to the
claimant from any valid and collectible liability insurance shall have been
exhausted.
(((4)
The state investment board shall invest moneys in the self-insurance revolving
fund. Moneys invested by the investment board shall be invested in accordance
with RCW 43.84.150.))
NEW SECTION. Sec. 2. This
act is necessary for the immediate preservation of the public peace, health, or
safety, or support of the state government and its existing public
institutions, and takes effect July 1, 1997.
