CERTIFICATION OF ENROLLMENT

                        HOUSE BILL 1421

                        56th Legislature

                      1999 Regular Session

Passed by the House March 3, 1999   Yeas 95   Nays 0 Speaker of the House of Representatives Speaker of the House of Representatives Passed by the Senate April 14, 1999   Yeas 49   Nays 0	CERTIFICATE We, Dean R. Foster and Timothy A. Martin, Co-Chief Clerks of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 1421  as passed by the House of Representatives and the Senate on the dates hereon set forth.                           Chief Clerk                           Chief Clerk
President of the Senate

Approved Place Style On Codes above, and Style Off Codes below.	FILED
Governor of the State of Washington	Secretary of State                   State of Washington

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                          HOUSE BILL 1421

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             Passed Legislature - 1999 Regular Session

State of Washington      56th Legislature     1999 Regular Session

By Representatives Huff, H. Sommers, Hatfield, Benson and McIntire; by request of State Investment Board

Read first time 01/25/1999.  Referred to Committee on Financial Institutions & Insurance.

Authorizing the state investment board to establish additional commingled trust funds.

    AN ACT Relating to the state investment board; and amending RCW 43.33A.170.

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

    Sec. 1.  RCW 43.33A.170 and 1982 c 58 s 1 are each amended to read as follows:

    ((There is established in the state treasury)) The state investment board ((commingled trust fund)) is authorized to establish commingled trust funds in the state treasury for the implementation of specific investment programs for any combination of funds under its jurisdiction.  At the discretion of the state investment board, the funds under the jurisdiction of the board may participate in the investments made by the board through ((the)) state investment board commingled trust funds.  The state investment board may establish accounts within ((the)) any such commingled trust fund as necessary for the implementation of specific investment programs.  The combining of moneys from funds located outside the state treasury with moneys from funds located within the state treasury for investment under this section shall not affect the nature, character, or purpose of a participating fund.

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