The resolution proposes an amendment to Article XXIX, section 1 of the Washington State Constitution, which will be presented to voters in the next general election. The amendment seeks to allow the moneys from public pension or retirement funds, industrial insurance trust funds, and funds held in trust for individuals with developmental disabilities to be invested as authorized by law. Additionally, it introduces the provision for funds aimed at reducing persistent poverty to be included in this investment allowance.
To ensure transparency and public awareness, the resolution mandates that the Secretary of State publish notice of this proposed constitutional amendment in legal newspapers across the state at least four times in the four weeks leading up to the election. This process aims to inform qualified voters about the amendment, allowing them to make an informed decision regarding its approval or rejection.