1422 AAS 04/09/01 001

HB 1422 - S AMD 259

    By Senator Snyder

                                                  ADOPTED 04/09/01

    On page 3 after line 7, insert the following:

    "Sec. 2.  RCW 43.33A.040 and 1981 c 219 s 2 are each amended to read as follows:

     (1) A quorum to conduct the business of the state investment board consists of at least ((four voting members of the board before January 10, 1983, and five)) six voting members ((thereafter)).  No action may be taken by the board without the affirmative vote of ((four members before January 10, 1983, and five)) six members ((thereafter)).

    (2) The state investment board shall meet at least quarterly at such times as it may fix.  The board shall elect a chairperson and vice chairperson annually:  PROVIDED, That the legislative members are not eligible to serve as chairperson."

    Renumber the sections consecutively and correct any internal references accordingly.

HB 1422 - S AMD 259

    By Senator Snyder

                                                          04/09/01

    On page 1, on line 2 of the title, after "43.33A.020", insert " and 43.33A.040"

C END C

EFFECT: Increases requirement for a quorum and to take action from five to six members.