| SB 5265 - DIGEST |
| (DIGEST AS ENACTED) |
Authorizes public funds to be deposited in institutions located outside of the state if certain conditions are met. |
Veto overridden on March 29, 2016. |
| VETO MESSAGE ON SB 5265 |
| March 10, 2016 |
| To the Honorable President and Members, |
| The Senate of the State of Washington |
| Ladies and Gentlemen: |
| I am returning herewith, without my approval, Senate Bill No. 5265 entitled: |
"AN ACT Relating to allowing a public depository to arrange for reciprocal deposits of public funds." |
| This is a worthy bill, but it has preceded the passage of the 2016-2017 supplemental operating budget, which is a greater legislative priority. Until a budget agreement is reached, I cannot support this bill. |
| For these reasons I have vetoed Senate Bill No. 5265 in its entirety. |
| Respectfully submitted, |
| Jay Inslee |
| Governor |