(1) The developmental disabilities community services account is created in the state treasury.
(2) The following revenues must be deposited in the account:
(a) All net proceeds from leases or sales of real property, conservation easements, and sales of timber, from the state properties at the Fircrest residential habilitation center, the Lakeland Village residential habilitation center, the Rainier school, and the Yakima Valley school. However, real property that is determined by the department of social and health services to be required for the operations of the residential habilitation centers is excluded from the real property that may be leased or sold for the benefit of the account. In addition, real property owned by the charitable, educational, penal, and reformatory institutions trust, and revenue therefrom, is excluded; and
(b) Any other moneys appropriated or transferred to the account by the legislature.
(3) Any sale, lease, or easement under this section must be at fair market value.
(4) Moneys in the account may be spent only after appropriation. Expenditures from the account shall be used exclusively for:
(a) Supports and services in a community setting to benefit eligible persons with intellectual and developmental disabilities; or
(b) Investment expenses of the state investment board.
(5) The department of social and health services must solicit recommendations from the Washington state developmental disabilities council regarding expenditure of moneys from the Dan Thompson memorial developmental disabilities community services account for supports and services in a community setting to benefit eligible persons with developmental disabilities.
(6) Expenditures from the account must supplement, and may not replace, supplant, or reduce current state expenditure levels for supports and services in the community setting for eligible persons with developmental disabilities.
(7)(a) The state investment board must invest moneys in the account. The state 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 under RCW
43.33A.160 and
43.84.160.
(b) All investments made by the state investment board shall be made with the degree of judgment and care required under RCW
43.33A.140 and the investment policy established by the state investment board.
(c) The state investment board shall routinely consult and communicate with the department of social and health services and the legislature on the investment policy, earnings of the account, and related needs of the account.
(8) The account shall be known as the Dan Thompson memorial developmental disabilities community services account.