Description of Washington Investment Trust (HB 2434 & SB 5938)

• Creates the Washington investment trust as a legacy institution that amasses sufficient capital reserves to address opportunities now and in the future.
• Creates the Washington investment trust commission as the primary governing authority of the trust. 
•  Creates the trust transition board and the investment trust advisory board.
• Exempts the trust from payment of all fees and taxes levied by the state or any of its subdivisions.