S-4363               _______________________________________________

                                                   SENATE BILL NO. 6800

                        _______________________________________________

State of Washington                               51st Legislature                              1990 Regular Session

By Senators Warnke, Smitherman, Bender, Vognild, Talmadge, Moore, Fleming, Rasmussen, Williams, Gaspard, Wojahn, Kreidler, Owen, McMullen, Madsen, Murray, Niemi, Bauer, Stratton, Sutherland and Rinehart

Read first time 1/25/90 and referred to Committee on  Higher Education.

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 making an appropriation.

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 at least the first one million  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 five hundred 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 funds  from the Warren G. Magnuson institute trust fund whenever the university can match the state funds with an equal amount of private cash donations.  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 and credited to the Warren G. Magnuson institute.  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.     The sum of one million dollars, or as much thereof as may be necessary, is appropriated for the biennium ending June 30, 1991, from the general fund to the state treasurer for deposit into the Warren G. Magnuson institute trust fund.