Bill > SJR8201

This joint resolution proposes a constitutional amendment to allow the state of Washington to invest moneys from long-term services and supports accounts. Specifically, the amendment would modify Article XXIX, section 1 of the state constitution to permit investment of funds dedicated to providing long-term care services and supports for eligible seniors and people with disabilities. The resolution authorizes these funds to be invested as permitted by law, with any investment income specifically dedicated to long-term services and supports for program beneficiaries. The amendment will be submitted to voters at the next general election, with the ballot title explaining that it would allow the state's long-term care fund to be invested as authorized by law. The legislature emphasizes that this is a single, integrated amendment, and if the court were to determine the amendment contains separate provisions, the entire resolution would be void. The secretary of state is required to publish notice of the constitutional amendment at least four times in the four weeks preceding the election.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=8201&Year=2025&Initiative=false