H-4538              _______________________________________________

                                    SECOND SUBSTITUTE HOUSE BILL NO. 2443

                        _______________________________________________

State of Washington                               51st Legislature                              1990 Regular Session

By House Committee on Appropriations (originally sponsored by Representatives O'Brien, Jacobsen, Prince, Anderson, Heavey, Crane, Valle, Winsley, Moyer, P. King, Todd, Day, Rector, Wood, Wineberry and R. King)

Read first time 2/6/90.

AN ACT Relating to the Warren G. Magnuson institute for biomedical research and health professions training; adding new sections to chapter 28B.20 RCW; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.     The Warren G. Magnuson institute for biomedical research and health professions training is established within the Warren G. Magnuson health sciences center at the University of Washington.  The institute shall be administered by the university.  The institute may be funded through a combination of federal, state, and private funds, including earnings on the endowment fund in section 6 of this act.

NEW SECTION. Sec. 2.     The purposes of the Warren G. Magnuson institute for biomedical research and health professions training are as follows:

          (1) Supporting one or more individuals engaged in biomedical research into the causes of, the treatments for, or the management of diabetes is the primary purpose of the institute;

          (2) Providing financial assistance to students in graduate or postgraduate training programs in the health professions at the university is the secondary purpose of the institute;

          (3) Supporting biomedical research into the causes of, the treatment for, or the management of Parkinson's disease, osteoporosis, or any other disease or medical disorder where the achievement of a significant result in the near term is especially promising; and

          (4) Enhancing the training, research, and public service missions of the health sciences schools of the University of Washington.

NEW SECTION. Sec. 3.     Unless designated otherwise by donors, the earnings on the endowment fund in section 6 of this act shall be distributed as follows:

          (1) Earnings on the first seven hundred fifty thousand dollars shall be expended at the direction of the dean of the school of medicine, in support of one or more individuals engaged in biomedical research into the causes of, the treatments for, or the management of diabetes;

          (2) Earnings on the next two hundred fifty thousand dollars shall be expended to provide financial assistance to students in graduate or postgraduate training programs in the health professions at the university, including:  Medicine, nursing, public health and community medicine, dentistry, pharmacy, and social work.  At least one such student at all times shall be in a career pathway preparing for or engaged in research related to diabetes, its antecedents, or complications; and

          (3) Earnings on additional funds within the endowment may be used for any purpose of the institute as outlined in section 2 of this act.

NEW SECTION. Sec. 4.     The Warren G. Magnuson institute trust fund is hereby established.  The trust fund shall be administered by the state treasurer.  Funds appropriated by the legislature for the trust fund shall be deposited into the trust fund.  All moneys deposited in the trust fund shall be invested by the state treasurer.  Notwithstanding RCW 43.84.090, all earnings of investments of balances of the trust fund shall be credited to the fund.  At the request of the board of regents of the University of Washington, and when conditions set forth in section 5 of this act are met, the treasurer shall release state matching moneys in the fund to the University of Washington's local endowment fund.  No appropriation is required for expenditures from the trust fund.

NEW SECTION. Sec. 5.     The University of Washington may apply to the treasurer for five hundred thousand dollars from the Warren G. Magnuson institute trust fund when the university can match the state funds with an amount of cash donations equal to twice the state funds provided.  Private donations mean moneys from nonstate sources that include, but are not limited to federal moneys and assessments by commodity commissions authorized to conduct research activities including but not limited to research studies authorized under RCW 15.66.030 and 15.65.040.

NEW SECTION. Sec. 6.     The state matching funds and the private donations shall be deposited in the university's local endowment fund.  The university is responsible for investing and maintaining all moneys within the fund.  The principal of the invested endowment fund shall not be invaded.  The university may augment the endowment fund with additional private donations.  The earnings of the fund shall be used solely to support the purposes of the Warren G. Magnuson institute for biomedical research and health professions training as set forth in section 2 of this act.

NEW SECTION. Sec. 7.     Sections 1 through 6 of this act are each added to chapter 28B.20 RCW.

NEW SECTION. Sec. 8.     If specific funding for this act, referencing this act by bill number, is not provided by June 30, 1991, in the supplemental omnibus appropriations act, this act shall be null and void.