Washington SB6235 prohibits public institutions of higher education from entering into agreements with private equity and sovereign wealth funds in.

Washington SB6235 prohibits public institutions of higher education from entering into agreements with private equity and sovereign wealth funds in intercollegiate athletics. These agreements must be terminated within 24 months of the act's effective date. The bill defines "private capital firm" and "sovereign wealth fund" and outlines allowable agreements, such as fee-for-service contracts and charitable contributions. The governing boards of these institutions must report annually on these agreements and ensure compliance with the act.

Washington SB6235 prohibits public institutions of higher education from entering into agreements with private equity and sovereign wealth funds in.

Washington SB6235 prohibits public institutions of higher education from entering into agreements with private equity and sovereign wealth funds in intercollegiate athletics. These agreements must be terminated within 24 months of the act's effective date. The bill defines "private capital firm" and "sovereign wealth fund" and outlines allowable agreements, such as fee-for-service contracts and charitable contributions. The governing boards of these institutions must report annually on these agreements and ensure compliance with the act.