Bill > SB6235

This bill prohibits Washington state's public institutions of higher education from entering into agreements with private capital firms (which include hedge funds and private equity funds) or sovereign wealth funds (investment funds owned by foreign states) that would transfer ownership, revenue, or control rights of their intercollegiate athletics programs. The bill clarifies that such agreements are considered inherently conflicted and could pressure institutions to prioritize short-term financial gains over educational and Title IX obligations, potentially extracting wealth from publicly supported entities. While prohibiting these specific types of deals, the bill allows for other arrangements like fee-for-service contracts, charitable contributions, certain tax-exempt bond financings, and sponsorships that don't involve revenue sharing or control. Institutions must certify compliance annually and disclose any agreements that rely on exceptions, with existing agreements needing to be brought into compliance within 24 months.

Education

https://app.leg.wa.gov/billsummary?BillNumber=6235&Year=2025&Initiative=false