WA SB6235

Prohibits Washington public universities and colleges from entering agreements with private equity firms or sovereign wealth funds that transfer ownership, revenue interests, or control rights over intercollegiate athletics programs, facilities, or commercial rights

Allows exceptions for fee-for-service contracts, charitable contributions, tax-exempt bond financing, and sponsorship/advertising agreements that do not involve revenue sharing or control

Requires existing non-compliant agreements to be terminated or brought into compliance within 24 months of the law's effective date

Mandates annual certification by governing boards that institutions have not entered prohibited agreements, plus public disclosure of all agreements using allowed exceptions and annual reporting to legislative committees

Applies to all affiliated entities including collectives, foundations, and any organization directly or indirectly controlled by the institution or its athletics department