The Warren G. Magnuson institute trust fund is hereby established. The trust fund shall be administered by the state treasurer. Funds appropriated by the legislature for the trust fund shall be deposited into the trust fund. At the request of the board of regents of the University of Washington, and when conditions set forth in RCW 28B.20.470 are met, the treasurer shall release state matching moneys in the fund to the University of Washington's local endowment fund. No appropriation is required for expenditures from the trust fund.

[1991 sp.s. c 13 § 106; 1990 c 282 § 4.]

NOTES:

     Effective dates -- Severability -- 1991 sp.s. c 13: See notes following RCW 18.08.240.