Funds appropriated by the legislature for the distinguished professorship program shall be deposited in the distinguished professorship trust fund. At the request of the office under RCW 28B.76.575, the treasurer shall release the state matching funds to the designated institution's local endowment fund. No appropriation is required for expenditures from the fund. During the 2011-2013 fiscal biennium, the legislature may transfer from the distinguished professorship trust fund to the state general fund such amounts as reflect the excess fund balance in the account.
RCW 28B.76.565
Distinguished professorship trust fund program—Trust fund established.
2011 2nd sp.s. c 9 s 903; (2011 2nd sp.s. c 9 s 902 expired July 1, 2012); 2011 1st sp.s. c 11 s 113; 2010 1st sp.s. c 37 s 915; 2009 c 564 s 1805; 2004 c 275 s 20; 1991 sp.s. c…
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.