Tuition Funds May Be Invested in Stock Market, AG Opinion Says
Olympia - July 5, 2000- Funds in the Washington Advanced College Tuition Payment Account may be invested in private corporate stocks, the Attorney General’s Office has concluded.
A formal AGO opinion released today concludes that it is constitutionally permissible for the state Investment Board to invest the tuition money in corporate stocks because the money consists of private funds contributed by families to pay for their children’s future college tuition.