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Honorable Brian Thomas State Representative, 5th Legislative District P.O. Box 40600 Olympia, WA 98504-0600

Dear Representative Thomas:

By letter previously acknowledged, you have requested our opinion on the following question:1

Does the state constitution permit the legislature to authorizethe investment of the Permanent Common School Fund?

BRIEF ANSWER

We answer your question in the affirmative: The state constitution permits the investment of money in the Permanent Common School Fund as authorized in state statute. Our answer is explained in the analysis below.

BACKGROUND

The Permanent Common…