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 allows for the investment of funds from public pension or retirement funds, industrial insurance trust funds, and specifically, funds designated for long-term care services and supports for eligible seniors and individuals with disabilities. It stipulates that the investment income generated from these funds will be dedicated to providing long-term services and supports for beneficiaries of the program.
Additionally, the resolution emphasizes that this amendment is considered a single integrated plan, and if deemed separate, the entire resolution would be void. The legislature has also specified the ballot title and description for voters, which outlines the purpose of the amendment and its implications. The Secretary of State is tasked with ensuring that the amendment is published in legal newspapers prior to the election to inform the public.