Washington SB6109 prohibits the state investment board from investing in private detention facilities.

SB6109 mandates that the state investment board cease new investments in entities owning, operating, leasing, or investing in private detention facilities. By January 1, 2030, the board must ensure no funds under its management are invested in such entities. The divestment and reinvestment must be done without monetary loss, aiming for comparable returns. "Detention facility" includes any place where individuals are incarcerated or involuntarily confined, and "private detention facility" refers to those operated by nongovernmental for-profit entities.

Washington SB6109 prohibits the state investment board from investing in private detention facilities.

SB6109 mandates that the state investment board cease new investments in entities owning, operating, leasing, or investing in private detention facilities. By January 1, 2030, the board must ensure no funds under its management are invested in such entities. The divestment and reinvestment must be done without monetary loss, aiming for comparable returns. "Detention facility" includes any place where individuals are incarcerated or involuntarily confined, and "private detention facility" refers to those operated by nongovernmental for-profit entities.