SB 6079

S-4653.1
  SUBSTITUTE SENATE BILL 6079
State of Washington  69th Legislature        2026 Regular Session
By Senate Business, Trade & Economic Development (originally
sponsored by Senators Riccelli, Short, Nobles, Saldaña, and Valdez;
by request of Insurance Commissioner)
READ FIRST TIME 02/04/26.
1      AN ACT Relating to reducing nonrenewal and cancellations of
2  insurance policies due to wildfire risk; amending RCW 48.02.190;
3  reenacting   and  amending   RCW   43.84.092,  43.84.092, 43.84.092,
4  43.84.092, 43.84.092, and 43.84.092; adding a new section to chapter
5  48.30 RCW; adding a new chapter to Title 48 RCW; providing effective
6  dates; providing a contingent effective date; providing expiration
7  dates; and providing contingent expiration dates.
8 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
9     NEW SECTION. Sec. 1. The legislature finds that the business of
10 insurance is one affected by the public interest and that wildfire
11 losses   devastate    Washington   communities   and   infrastructure,
12 contribute to increases and unpredictability in homeowner insurance
13 rates, inhibit insurers from offering products in Washington's
14 insurance market, cause extensive harm to the state economy, and
15 necessitate unpredictable public expenditures that undermine state
16 and local government operations and fiscal management.
17     The legislature further finds that fire losses and the extent of
18 devastating economic and community effects from wildfires can be
19 significantly reduced through mitigation actions for insurable
20 dwellings in accordance with wildfire prepared home and wildfire
21 prepared   neighborhood   designation  standards   published  by   the
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1  insurance institute for business and home safety or a successor
2  entity.
3      Therefore, the legislature concludes it is in the public interest
4  to establish the strengthen Washington homes program, a grant program
5  intended to assist and promote wildfire risk mitigation.
6     NEW SECTION.    Sec. 2.    The definitions in this section apply
7 throughout   this  chapter   unless   the  context  clearly  requires
8 otherwise.
9     (1) "Insurable dwelling" means a dwelling located or situated on,
10 or affixed to, residential real estate and includes a single-family
11 or multifamily dwelling, including a modular home as defined in RCW
12 46.04.303.
13     (2) "Program" means the strengthen Washington homes program
14 established in section 3 of this act.
15     (3) "Program account" means the strengthen Washington homes
16 program account created in section 4 of this act.
17     (4) "Wildfire prepared standards" means wildfire prepared home
18 and wildfire prepared neighborhood designation standards published by
19 the insurance institute for business and home safety or a successor
20 entity.
21     NEW SECTION.    Sec. 3.    (1) The strengthen Washington homes
22 program is hereby established for the purpose of providing financial
23 grants to real property owners, building contractors, nonprofit
24 organizations, and tribes to assist and promote wildfire risk
25 mitigation efforts for insurable dwellings in accordance with the
26 wildfire prepared standards.
27     (2) To the extent funding is available in the program account,
28 the commissioner shall implement and administer the program in
29 accordance with this section.
30     (3) The commissioner may accept any and all donations, bequests,
31 gifts, conveyances, devises, and grants conditional or otherwise; or
32 money, property, service, or other things of value which may be
33 received from the United States or any agency thereof, any
34 governmental agency, institution, person, firm, or corporation,
35 public and private, to be held, used, or applied for the purpose of
36 the program.
37     (4) Any financial grant provided under the program to mitigate an
38 insurable dwelling is contingent upon the real property owner
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1 securing   all  required  permits   and  applicable   inspections  in
2 accordance with applicable federal, state, local, and tribal building
3 codes as well as a wildfire prepared standard or equivalent
4 designation from the insurance institute for business and home safety
5 or a successor entity.
6     (5) Nothing in this section is construed to create an entitlement
7 for property owners, building contractors, nonprofit organizations,
8 or tribes to obtain funds for, or obligate the state in any way to
9 fund, any activity for which a financial grant is permitted under
10 this section.
11     NEW SECTION.   Sec. 4.    (1) The strengthen Washington homes
12 program account is hereby created in the state treasury. Moneys in
13 the program account may be spent only after appropriation.
14 Expenditures from the program account may be used only for the
15 purposes of the program. All receipts from the following sources must
16 be deposited into the program account:
17     (a) All grants and funds received under this section for the
18 purposes of the program; and
19     (b) Any appropriations made for the program by the legislature.
20     (2) Any interest earned on money in the program account must
21 remain in the program account.
22     NEW SECTION. Sec. 5. (1) The commissioner may conduct localized
23 pilot projects to inform the implementation of the program. The pilot
24 projects must include identification of the most efficient and
25 equitable means of administering the program, development of the
26 necessary workforce to implement the program fully, and establishment
27 of the schedule for full implementation.
28     (a) The design of the pilot projects must be informed by the
29 report submitted by the wildfire mitigation and resiliency standards
30 work group created in section 1, chapter 324, Laws of 2025 including,
31 but not limited to: Prioritizing projects in areas with high wildfire
32 hazard, limited insurance access, low income areas, and underserved
33 populations; funding mechanisms that consider financial accessibility
34 and equity; and including a mechanism to evaluate effectiveness in
35 reducing wildfire risk and insurance nonrenewals over time.
36     (b) The commissioner must engage nonprofit, local, state, tribal,
37 and federal entities with local knowledge on best locations for pilot
38 projects.
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1     (2) The commissioner shall submit, in compliance with RCW
2 43.01.036, results of the pilot projects by November 1, 2029,
3 including: Reporting on how locations were determined; interactions
4 with local workforce and property owners; types of mitigation
5 provided by grant funding; how equity and access for underserved
6 populations was considered in the design; and how the certification
7 process went for the consumer.
8     NEW SECTION.     Sec. 6.    The commissioner may adopt rules as
9 necessary to implement this chapter, including to:
10     (1) Establish application forms and procedures for obtaining a
11 financial grant;
12     (2)   Specify   the   eligibility  criteria,   requirements, and
13 procedures for obtaining a financial grant, which may include, but
14 are not limited to, providing financial grants to:
15     (a) Real property owners to retrofit owner-occupied insurable
16 dwellings or rebuild insurable dwellings;
17     (b) Nonprofit organizations to improve the wildfire resilience of
18 single-family insurable dwellings occupied or owned by low-income and
19 moderate-income individuals;
20     (c) Tribes; and
21     (d) Governmental entities;
22     (3) Require that any insurable dwelling wildfire risk mitigation
23 funded by a grant under the program:
24     (a) Comply with:
25     (i) The most recent version of any applicable wildfire prepared
26 standards; and
27     (ii) Specific standards and designations that are applicable to
28 the insurable dwelling; and
29     (b) Be performed by contractors who meet criteria established by
30 the commissioner;
31     (4)   Develop   procedures  and   requirements  for  distributing
32 financial grants; and
33     (5) Collect the documentation necessary to allow for any auditing
34 of the program that is required under the terms of a grant or other
35 funds received by the program.
36     NEW SECTION.   Sec. 7.   A new section is added to chapter 48.30
37 RCW to read as follows:
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1     An insurer is prohibited from using wildfire risk as a
2 disqualifying risk factor for eligibility of property insurance
3 coverage if the property has a current wildfire prepared home,
4 wildfire prepared neighbors, or an equivalent designation from the
5 insurance institute for business and home safety or a successor
6 entity. Nothing in this section prohibits the use of other risk
7 factors when determining eligibility of property insurance coverage,
8 including disqualifying coverage for nonwildfire risk.
9     NEW SECTION.   Sec. 8.   This act may be known and cited as the
10 strengthen Washington homes act.
11     NEW SECTION.   Sec. 9.   Sections 1 through 6 and 8 of this act
12 constitute a new chapter in Title 48 RCW.
13     Sec. 10.   RCW 48.02.190 and 2020 c 195 s 2 are each amended to
14 read as follows:
15     (1) As used in this section:
16     (a) "Insurance fraud surcharge" means the fees imposed by
17 subsection (2)(b) of this section.
18     (b) "Organization" means every insurer, as defined in RCW
19 48.01.050, having a certificate of authority to do business in this
20 state, every health care service contractor, as defined in RCW
21 48.44.010, every health maintenance organization, as defined in RCW
22 48.46.020, or self-funded multiple employer welfare arrangement, as
23 defined in RCW 48.125.010, registered to do business in this state.
24 "Class one" organizations consist of all insurers as defined in RCW
25 48.01.050. "Class two" organizations consist of all organizations
26 registered under provisions of chapters 48.44 and 48.46 RCW. "Class
27 three" organizations consist of self-funded multiple employer welfare
28 arrangements as defined in RCW 48.125.010.
29     (c)(i) "Receipts" means (A) net direct premiums consisting of
30 direct gross premiums, as defined in RCW 48.18.170, paid for
31 insurance written or renewed upon risks or property resident,
32 situated, or to be performed in this state, less return premiums and
33 premiums on policies not taken, dividends paid or credited to
34 policyholders on direct business, and premiums received from policies
35 or contracts issued in connection with qualified plans as defined in
36 RCW   48.14.021,  and   (B)  prepayments   to  health   care  service
37 contractors, as defined in RCW 48.44.010, health maintenance
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1 organizations,   as  defined    in  RCW  48.46.020,   or  participant
2 contributions to self-funded multiple employer welfare arrangements,
3 as defined in RCW 48.125.010, less experience rating credits,
4 dividends, prepayments returned to subscribers, and payments for
5 contracts not taken.
6     (ii) Participant contributions, under chapter 48.125 RCW, used to
7 determine the receipts in this state under this section are
8 determined in the same manner as premiums taxable in this state are
9 determined under RCW 48.14.090.
10     (d) "Regulatory surcharge" means the fees imposed by subsection
11 (2)(a) of this section.
12     (2) The annual cost of operating the office of the insurance
13 commissioner ((is)) and the strengthen Washington homes program are
14 determined by legislative appropriation.
15     (a) A pro rata share of the cost, except for the cost of the
16 insurance fraud program, is charged to all organizations as a
17 regulatory surcharge. Each class of organization must contribute a
18 sufficient amount to the insurance commissioner's regulatory account
19 to pay the reasonable costs, including overhead, of regulating that
20 class of organization.
21     (b) The annual cost of operating the insurance fraud program is
22 charged to all organizations as an insurance fraud surcharge. Each
23 class of organization must contribute a sufficient amount to the
24 insurance commissioner's fraud account to pay the reasonable costs of
25 the program, including overhead.
26     (3)(a) The regulatory surcharge is calculated separately for each
27 class of organization. The regulatory surcharge collected from each
28 organization is that portion of the cost of operating the insurance
29 commissioner's office, except for the cost of operating the insurance
30 fraud program, for that class of organization, for the ensuing fiscal
31 year that is represented by the organization's portion of the
32 receipts collected or received by all organizations within that class
33 on business in this state during the previous calendar year. However,
34 the regulatory surcharge must not exceed one-eighth of one percent of
35 receipts and the minimum regulatory surcharge is one thousand
36 dollars.
37     (b)   The   insurance   fraud  surcharge   collected  from   each
38 organization is the cost of operating the insurance fraud program for
39 the ensuing fiscal year that is represented by the organization's
40 portion of the receipts collected or received on business in this
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1 state during the previous calendar year. However, the insurance fraud
2 surcharge may not exceed one one-hundredths of one percent of
3 receipts and the minimum insurance fraud surcharge is one hundred
4 dollars.
5     (4) The commissioner must annually, on or before July 1st,
6 calculate and bill each organization for the amount of the regulatory
7 and insurance fraud surcharges. The surcharges are due and payable no
8 later than July 15th of each year. However, if the necessary
9 financial records are not available or if the amount of the
10 legislative appropriation is not determined in time to carry out such
11 calculations and bill the surcharges within the time specified, the
12 commissioner may use the surcharge factors for the prior year as the
13 basis for the surcharges and, if necessary, the commissioner may
14 impose   supplemental  fees   to  fully   and   properly  charge  the
15 organizations. Any organization failing to pay the surcharges by July
16 31st must pay the same penalties as the penalties for failure to pay
17 taxes when due under RCW 48.14.060. The surcharges required by this
18 section are in addition to all other taxes and fees now imposed or
19 that may be subsequently imposed.
20     (5)(a) All moneys collected for the regulatory surcharge must be
21 deposited in the insurance commissioner's regulatory account in the
22 state treasury which is hereby created.
23     (b) All moneys collected for the insurance fraud surcharge must
24 be deposited in the insurance commissioner's fraud account in the
25 state treasury which is hereby created.
26     (6) Unexpended funds in the insurance commissioner's regulatory
27 and fraud accounts at the close of a fiscal year are carried forward
28 to the succeeding fiscal year and ((are used to reduce)) may be used
29 to:
30     (a) Fund the strengthen Washington homes program account created
31 in section 4 of this act until December 31, 2029; and
32     (b) Reduce future regulatory and insurance fraud surcharges.
33     (7)(a) Each insurer may annually collect regulatory and insurance
34 fraud surcharges remitted in preceding years by means of a
35 policyholder surcharge on premiums charged for all kinds of
36 insurance. The recoupment is at a uniform rate reasonably calculated
37 to collect the regulatory and insurance fraud surcharges remitted by
38 the insurer.
39     (b) If an insurer fails to collect the entire amount of the
40 recoupment in the first year under this section, it may repeat the
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1 recoupment procedure provided for in this subsection (7) in
2 succeeding years until the regulatory and insurance fraud surcharges
3 are fully collected or a de minimis amount remains uncollected. Any
4 such de minimis amount may be collected as provided in (d) of this
5 subsection.
6     (c) The amount and nature of any recoupment must be separately
7 stated on either a billing or policy declaration sent to an insured.
8 The amount of the recoupment must not be considered a premium for any
9 purpose, including the premium tax or agents' commissions.
10     (d) An insurer may elect not to collect the regulatory and
11 insurance fraud surcharges from its insured. In such a case, the
12 insurer may recoup the regulatory and insurance fraud surcharges
13 through its rates, if the following requirements are met:
14     (i) The insurer remits the amount of the surcharges not collected
15 by election under this subsection; and
16     (ii) The surcharges are not considered a premium for any purpose,
17 including the premium tax or agents' commission.
18     Sec. 11.   RCW 43.84.092 and 2025 c 417 s 802, 2025 c 399 s 15,
19 2025 c 359 s 12, and 2025 c 299 s 21 are each reenacted and amended
20 to read as follows:
21     (1) All earnings of investments of surplus balances in the state
22 treasury shall be deposited to the treasury income account, which
23 account is hereby established in the state treasury.
24     (2) The treasury income account shall be utilized to pay or
25 receive funds associated with federal programs as required by the
26 federal cash management improvement act of 1990. The treasury income
27 account is subject in all respects to chapter 43.88 RCW, but no
28 appropriation is required for refunds or allocations of interest
29 earnings required by the cash management improvement act. Refunds of
30 interest to the federal treasury required under the cash management
31 improvement act fall under RCW 43.88.180 and shall not require
32 appropriation. The office of financial management shall determine the
33 amounts due to or from the federal government pursuant to the cash
34 management improvement act. The office of financial management may
35 direct transfers of funds between accounts as deemed necessary to
36 implement the provisions of the cash management improvement act, and
37 this subsection. Refunds or allocations shall occur prior to the
38 distributions of earnings set forth in subsection (4) of this
39 section.
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1     (3) Except for the provisions of RCW 43.84.160, the treasury
2 income account may be utilized for the payment of purchased banking
3 services on behalf of treasury funds including, but not limited to,
4 depository, safekeeping, and disbursement functions for the state
5 treasury and affected state agencies. The treasury income account is
6 subject in all respects to chapter 43.88 RCW, but no appropriation is
7 required for payments to financial institutions. Payments shall occur
8 prior to distribution of earnings set forth in subsection (4) of this
9 section.
10     (4) Monthly, the state treasurer shall distribute the earnings
11 credited to the treasury income account. The state treasurer shall
12 credit the general fund with all the earnings credited to the
13 treasury income account except:
14     (a) The following accounts and funds shall receive their
15 proportionate share of earnings based upon each account's and fund's
16 average daily balance for the period: The abandoned recreational
17 vehicle disposal account, the aeronautics account, the Alaskan Way
18 viaduct replacement project account, the ambulance transport fund,
19 the budget stabilization account, the capital vessel replacement
20 account, the capitol building construction account, the Central
21 Washington University capital projects account, the charitable,
22 educational, penal and reformatory institutions account, the Chehalis
23 basin account, the Chehalis basin taxable account, the clean fuels
24 credit account, the clean fuels transportation investment account,
25 the cleanup settlement account, the Columbia river basin water supply
26 development account, the Columbia river basin taxable bond water
27 supply development account, the Columbia river basin water supply
28 revenue recovery account, the common school construction fund, the
29 community forest trust account, the connecting Washington account,
30 the county arterial preservation account, the county criminal justice
31 assistance account, the covenant homeownership account, the deferred
32 compensation   administrative   account, the   deferred  compensation
33 principal account, the department of licensing services account, the
34 department of retirement systems expense account, the developmental
35 disabilities community services account, the diesel idle reduction
36 account, the opioid abatement settlement account, the drinking water
37 assistance account, the administrative subaccount of the drinking
38 water assistance account, the driver education safety improvement
39 account, the early learning facilities development account, the early
40 learning facilities revolving account, the Eastern Washington
  p. 9  SSB 6079
1 University capital projects account, the education legacy trust
2 account, the election account, the electric vehicle account, the
3 energy freedom account, the energy recovery act account, the
4 essential rail assistance account, The Evergreen State College
5 capital projects account, the fair start for kids account, the family
6 medicine workforce development account, the ferry bond retirement
7 fund, the fish, wildlife, and conservation account, the freight
8 mobility investment account, the freight mobility multimodal account,
9 the grade crossing protective fund, the higher education retirement
10 plan supplemental benefit fund, the Washington student loan account,
11 the highway bond retirement fund, the highway infrastructure account,
12 the highway safety fund, the hospital safety net assessment fund, the
13 Interstate 5 bridge replacement project account, the Interstate 405
14 and state route number 167 express toll lanes account, the judges'
15 retirement account, the judicial retirement administrative account,
16 the judicial retirement principal account, the limited fish and
17 wildlife account, the local leasehold excise tax account, the local
18 real estate excise tax account, the local sales and use tax account,
19 the marine resources stewardship trust account, the medical aid
20 account,   the  money-purchase   retirement   savings  administrative
21 account, the money-purchase retirement savings principal account, the
22 motor vehicle fund, the motorcycle safety education account, the move
23 ahead WA account, the move ahead WA flexible account, the multimodal
24 transportation account, the multiuse roadway safety account, the
25 municipal criminal justice assistance account, the oyster reserve
26 land account, the pension funding stabilization account, the
27 perpetual surveillance and maintenance account, the pilotage account,
28 the pollution liability insurance agency underground storage tank
29 revolving account, the medicaid access program account, the public
30 employees' retirement system plan 1 account, the public employees'
31 retirement system combined plan 2 and plan 3 account, the public
32 facilities construction loan revolving account, the public health
33 supplemental account, the public works assistance account, the Puget
34 Sound capital construction account, the Puget Sound ferry operations
35 account, the Puget Sound Gateway facility account, the Puget Sound
36 taxpayer accountability account, the real estate appraiser commission
37 account, the recreational vehicle account, the regional mobility
38 grant program account, the reserve officers' relief and pension
39 principal fund, the resource management cost account, the rural
40 arterial trust account, the rural mobility grant program account, the
  p. 10  SSB 6079
1 rural Washington loan fund, the second injury fund, the sexual
2 assault prevention and response account, the site closure account,
3 the skilled nursing facility safety net trust fund, the small city
4 pavement and sidewalk account, the special category C account, the
5 special wildlife account, the state hazard mitigation revolving loan
6 account, the state investment board expense account, the state
7 investment board commingled trust fund accounts, the state patrol
8 highway account, the state reclamation revolving account, the state
9 route number 520 civil penalties account, the state route number 520
10 corridor account, the statewide broadband account, the statewide
11 tourism marketing account, the strengthen Washington homes program
12 account, the supplemental pension account, the Tacoma Narrows toll
13 bridge account, the teachers' retirement system plan 1 account, the
14 teachers' retirement system combined plan 2 and plan 3 account, the
15 tobacco prevention and control account, the tobacco settlement
16 account,    the   toll    facility   bond   retirement   account,    the
17 transportation 2003 account (nickel account), the transportation
18 equipment fund, the JUDY transportation future funding program
19 account, the transportation improvement account, the transportation
20 improvement board bond retirement account, the transportation
21 infrastructure account, the transportation partnership account, the
22 traumatic brain injury account, the tribal opioid prevention and
23 treatment account, the University of Washington bond retirement fund,
24 the University of Washington building account, the voluntary cleanup
25 account, the volunteer firefighters' relief and pension principal
26 fund,    the    volunteer    firefighters'    and   reserve    officers'
27 administrative fund, the vulnerable roadway user education account,
28 the Washington judicial retirement system account, the Washington law
29 enforcement officers' and firefighters' system plan 1 retirement
30 account, the Washington law enforcement officers' and firefighters'
31 system plan 2 retirement account, the Washington public safety
32 employees'   plan   2   retirement   account,   the  Washington   school
33 employees' retirement system combined plan 2 and 3 account, the
34 Washington state patrol retirement account, the Washington State
35 University building account, the Washington State University bond
36 retirement fund, the water pollution control revolving administration
37 account, the water pollution control revolving fund, the Western
38 Washington University capital projects account, the Yakima integrated
39 plan   implementation      account,   the    Yakima   integrated    plan
40 implementation revenue recovery account, and the Yakima integrated
  p. 11  SSB 6079
1 plan implementation taxable bond account. Earnings derived from
2 investing balances of the agricultural permanent fund, the normal
3 school permanent fund, the permanent common school fund, the
4 scientific permanent fund, and the state university permanent fund
5 shall be allocated to their respective beneficiary accounts.
6     (b) Any state agency that has independent authority over accounts
7 or funds not statutorily required to be held in the state treasury
8 that deposits funds into a fund or account in the state treasury
9 pursuant to an agreement with the office of the state treasurer shall
10 receive its proportionate share of earnings based upon each account's
11 or fund's average daily balance for the period.
12     (5) In conformance with Article II, section 37 of the state
13 Constitution, no treasury accounts or funds shall be allocated
14 earnings without the specific affirmative directive of this section.
15     Sec. 12.   RCW 43.84.092 and 2025 c 417 s 802, 2025 c 399 s 15,
16 and 2025 c 299 s 21 are each reenacted and amended to read as
17 follows:
18     (1) All earnings of investments of surplus balances in the state
19 treasury shall be deposited to the treasury income account, which
20 account is hereby established in the state treasury.
21     (2) The treasury income account shall be utilized to pay or
22 receive funds associated with federal programs as required by the
23 federal cash management improvement act of 1990. The treasury income
24 account is subject in all respects to chapter 43.88 RCW, but no
25 appropriation is required for refunds or allocations of interest
26 earnings required by the cash management improvement act. Refunds of
27 interest to the federal treasury required under the cash management
28 improvement act fall under RCW 43.88.180 and shall not require
29 appropriation. The office of financial management shall determine the
30 amounts due to or from the federal government pursuant to the cash
31 management improvement act. The office of financial management may
32 direct transfers of funds between accounts as deemed necessary to
33 implement the provisions of the cash management improvement act, and
34 this subsection. Refunds or allocations shall occur prior to the
35 distributions of earnings set forth in subsection (4) of this
36 section.
37     (3) Except for the provisions of RCW 43.84.160, the treasury
38 income account may be utilized for the payment of purchased banking
39 services on behalf of treasury funds including, but not limited to,
  p. 12  SSB 6079
1 depository, safekeeping, and disbursement functions for the state
2 treasury and affected state agencies. The treasury income account is
3 subject in all respects to chapter 43.88 RCW, but no appropriation is
4 required for payments to financial institutions. Payments shall occur
5 prior to distribution of earnings set forth in subsection (4) of this
6 section.
7     (4) Monthly, the state treasurer shall distribute the earnings
8 credited to the treasury income account. The state treasurer shall
9 credit the general fund with all the earnings credited to the
10 treasury income account except:
11     (a) The following accounts and funds shall receive their
12 proportionate share of earnings based upon each account's and fund's
13 average daily balance for the period: The abandoned recreational
14 vehicle disposal account, the aeronautics account, the Alaskan Way
15 viaduct replacement project account, the ambulance transport fund,
16 the budget stabilization account, the capital vessel replacement
17 account, the capitol building construction account, the Central
18 Washington University capital projects account, the charitable,
19 educational, penal and reformatory institutions account, the Chehalis
20 basin account, the Chehalis basin taxable account, the clean fuels
21 credit account, the clean fuels transportation investment account,
22 the cleanup settlement account, the Columbia river basin water supply
23 development account, the Columbia river basin taxable bond water
24 supply development account, the Columbia river basin water supply
25 revenue recovery account, the common school construction fund, the
26 community forest trust account, the connecting Washington account,
27 the county arterial preservation account, the county criminal justice
28 assistance account, the covenant homeownership account, the deferred
29 compensation   administrative   account, the   deferred  compensation
30 principal account, the department of licensing services account, the
31 department of retirement systems expense account, the developmental
32 disabilities community services account, the diesel idle reduction
33 account, the opioid abatement settlement account, the drinking water
34 assistance account, the administrative subaccount of the drinking
35 water assistance account, the driver education safety improvement
36 account, the early learning facilities development account, the early
37 learning facilities revolving account, the Eastern Washington
38 University capital projects account, the education legacy trust
39 account, the election account, the electric vehicle account, the
40 energy freedom account, the energy recovery act account, the
  p. 13  SSB 6079
1 essential rail assistance account, The Evergreen State College
2 capital projects account, the fair start for kids account, the family
3 medicine workforce development account, the ferry bond retirement
4 fund, the fish, wildlife, and conservation account, the freight
5 mobility investment account, the freight mobility multimodal account,
6 the grade crossing protective fund, the higher education retirement
7 plan supplemental benefit fund, the Washington student loan account,
8 the highway bond retirement fund, the highway infrastructure account,
9 the highway safety fund, the hospital safety net assessment fund, the
10 Interstate 5 bridge replacement project account, the Interstate 405
11 and state route number 167 express toll lanes account, the judges'
12 retirement account, the judicial retirement administrative account,
13 the judicial retirement principal account, the limited fish and
14 wildlife account, the local leasehold excise tax account, the local
15 real estate excise tax account, the local sales and use tax account,
16 the marine resources stewardship trust account, the medical aid
17 account,   the  money-purchase   retirement   savings  administrative
18 account, the money-purchase retirement savings principal account, the
19 motor vehicle fund, the motorcycle safety education account, the move
20 ahead WA account, the move ahead WA flexible account, the multimodal
21 transportation account, the multiuse roadway safety account, the
22 municipal criminal justice assistance account, the oyster reserve
23 land account, the pension funding stabilization account, the
24 perpetual surveillance and maintenance account, the pilotage account,
25 the pollution liability insurance agency underground storage tank
26 revolving account, the public employees' retirement system plan 1
27 account, the public employees' retirement system combined plan 2 and
28 plan 3 account, the public facilities construction loan revolving
29 account, the public health supplemental account, the public works
30 assistance account, the Puget Sound capital construction account, the
31 Puget Sound ferry operations account, the Puget Sound Gateway
32 facility account, the Puget Sound taxpayer accountability account,
33 the real estate appraiser commission account, the recreational
34 vehicle account, the regional mobility grant program account, the
35 reserve officers' relief and pension principal fund, the resource
36 management cost account, the rural arterial trust account, the rural
37 mobility grant program account, the rural Washington loan fund, the
38 second injury fund, the sexual assault prevention and response
39 account, the site closure account, the skilled nursing facility
40 safety net trust fund, the small city pavement and sidewalk account,
  p. 14  SSB 6079
1 the special category C account, the special wildlife account, the
2 state hazard mitigation revolving loan account, the state investment
3 board expense account, the state investment board commingled trust
4 fund accounts, the state patrol highway account, the state
5 reclamation revolving account, the state route number 520 civil
6 penalties account, the state route number 520 corridor account, the
7 statewide broadband account, the statewide tourism marketing account,
8 the strengthen Washington homes program account, the supplemental
9 pension account, the Tacoma Narrows toll bridge account, the
10 teachers' retirement system plan 1 account, the teachers' retirement
11 system combined plan 2 and plan 3 account, the tobacco prevention and
12 control account, the tobacco settlement account, the toll facility
13 bond retirement account, the transportation 2003 account (nickel
14 account), the transportation equipment fund, the JUDY transportation
15 future funding program account, the transportation improvement
16 account, the transportation improvement board bond retirement
17 account,    the    transportation   infrastructure    account,    the
18 transportation partnership account, the traumatic brain injury
19 account, the tribal opioid prevention and treatment account, the
20 University of Washington bond retirement fund, the University of
21 Washington building account, the voluntary cleanup account, the
22 volunteer firefighters' relief and pension principal fund, the
23 volunteer firefighters' and reserve officers' administrative fund,
24 the vulnerable roadway user education account, the Washington
25 judicial retirement system account, the Washington law enforcement
26 officers' and firefighters' system plan 1 retirement account, the
27 Washington law enforcement officers' and firefighters' system plan 2
28 retirement account, the Washington public safety employees' plan 2
29 retirement account, the Washington school employees' retirement
30 system combined plan 2 and 3 account, the Washington state patrol
31 retirement account, the Washington State University building account,
32 the Washington State University bond retirement fund, the water
33 pollution control revolving administration account, the water
34 pollution control revolving fund, the Western Washington University
35 capital projects account, the Yakima integrated plan implementation
36 account, the Yakima integrated plan implementation revenue recovery
37 account, and the Yakima integrated plan implementation taxable bond
38 account. Earnings derived from investing balances of the agricultural
39 permanent fund, the normal school permanent fund, the permanent
40 common school fund, the scientific permanent fund, and the state
  p. 15  SSB 6079
1 university permanent fund shall be allocated to their respective
2 beneficiary accounts.
3     (b) Any state agency that has independent authority over accounts
4 or funds not statutorily required to be held in the state treasury
5 that deposits funds into a fund or account in the state treasury
6 pursuant to an agreement with the office of the state treasurer shall
7 receive its proportionate share of earnings based upon each account's
8 or fund's average daily balance for the period.
9     (5) In conformance with Article II, section 37 of the state
10 Constitution, no treasury accounts or funds shall be allocated
11 earnings without the specific affirmative directive of this section.
12     Sec. 13.   RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16,
13 2025 c 359 s 13, and 2025 c 299 s 22 are each reenacted and amended
14 to read as follows:
15     (1) All earnings of investments of surplus balances in the state
16 treasury shall be deposited to the treasury income account, which
17 account is hereby established in the state treasury.
18     (2) The treasury income account shall be utilized to pay or
19 receive funds associated with federal programs as required by the
20 federal cash management improvement act of 1990. The treasury income
21 account is subject in all respects to chapter 43.88 RCW, but no
22 appropriation is required for refunds or allocations of interest
23 earnings required by the cash management improvement act. Refunds of
24 interest to the federal treasury required under the cash management
25 improvement act fall under RCW 43.88.180 and shall not require
26 appropriation. The office of financial management shall determine the
27 amounts due to or from the federal government pursuant to the cash
28 management improvement act. The office of financial management may
29 direct transfers of funds between accounts as deemed necessary to
30 implement the provisions of the cash management improvement act, and
31 this subsection. Refunds or allocations shall occur prior to the
32 distributions of earnings set forth in subsection (4) of this
33 section.
34     (3) Except for the provisions of RCW 43.84.160, the treasury
35 income account may be utilized for the payment of purchased banking
36 services on behalf of treasury funds including, but not limited to,
37 depository, safekeeping, and disbursement functions for the state
38 treasury and affected state agencies. The treasury income account is
39 subject in all respects to chapter 43.88 RCW, but no appropriation is
  p. 16  SSB 6079
1 required for payments to financial institutions. Payments shall occur
2 prior to distribution of earnings set forth in subsection (4) of this
3 section.
4     (4) Monthly, the state treasurer shall distribute the earnings
5 credited to the treasury income account. The state treasurer shall
6 credit the general fund with all the earnings credited to the
7 treasury income account except:
8     (a) The following accounts and funds shall receive their
9 proportionate share of earnings based upon each account's and fund's
10 average daily balance for the period: The abandoned recreational
11 vehicle disposal account, the aeronautics account, the Alaskan Way
12 viaduct replacement project account, the budget stabilization
13 account, the capital vessel replacement account, the capitol building
14 construction account, the Central Washington University capital
15 projects account, the charitable, educational, penal and reformatory
16 institutions account, the Chehalis basin account, the Chehalis basin
17 taxable account, the clean fuels credit account, the clean fuels
18 transportation investment account, the cleanup settlement account,
19 the Columbia river basin water supply development account, the
20 Columbia river basin taxable bond water supply development account,
21 the Columbia river basin water supply revenue recovery account, the
22 common school construction fund, the community forest trust account,
23 the connecting Washington account, the county arterial preservation
24 account, the county criminal justice assistance account, the covenant
25 homeownership account, the deferred compensation administrative
26 account, the deferred compensation principal account, the department
27 of licensing services account, the department of retirement systems
28 expense account, the developmental disabilities community services
29 account, the diesel idle reduction account, the opioid abatement
30 settlement account, the drinking water assistance account, the
31 administrative subaccount of the drinking water assistance account,
32 the driver education safety improvement account, the early learning
33 facilities development account, the early learning facilities
34 revolving account, the Eastern Washington University capital projects
35 account, the education legacy trust account, the election account,
36 the electric vehicle account, the energy freedom account, the energy
37 recovery act account, the essential rail assistance account, The
38 Evergreen State College capital projects account, the fair start for
39 kids account, the family medicine workforce development account, the
40 ferry bond retirement fund, the fish, wildlife, and conservation
  p. 17  SSB 6079
1 account, the freight mobility investment account, the freight
2 mobility multimodal account, the grade crossing protective fund, the
3 higher education retirement plan supplemental benefit fund, the
4 Washington student loan account, the highway bond retirement fund,
5 the highway infrastructure account, the highway safety fund, the
6 hospital safety net assessment fund, the Interstate 5 bridge
7 replacement project account, the Interstate 405 and state route
8 number 167 express toll lanes account, the judges' retirement
9 account, the judicial retirement administrative account, the judicial
10 retirement principal account, the limited fish and wildlife account,
11 the local leasehold excise tax account, the local real estate excise
12 tax account, the local sales and use tax account, the marine
13 resources stewardship trust account, the medical aid account, the
14 money-purchase retirement savings administrative account, the money-
15 purchase retirement savings principal account, the motor vehicle
16 fund, the motorcycle safety education account, the move ahead WA
17 account, the move ahead WA flexible account, the multimodal
18 transportation account, the multiuse roadway safety account, the
19 municipal criminal justice assistance account, the oyster reserve
20 land account, the pension funding stabilization account, the
21 perpetual surveillance and maintenance account, the pilotage account,
22 the pollution liability insurance agency underground storage tank
23 revolving account, the medicaid access program account, the public
24 employees' retirement system plan 1 account, the public employees'
25 retirement system combined plan 2 and plan 3 account, the public
26 facilities construction loan revolving account, the public health
27 supplemental account, the public works assistance account, the Puget
28 Sound capital construction account, the Puget Sound ferry operations
29 account, the Puget Sound Gateway facility account, the Puget Sound
30 taxpayer accountability account, the real estate appraiser commission
31 account, the recreational vehicle account, the regional mobility
32 grant program account, the reserve officers' relief and pension
33 principal fund, the resource management cost account, the rural
34 arterial trust account, the rural mobility grant program account, the
35 rural Washington loan fund, the second injury fund, the sexual
36 assault prevention and response account, the site closure account,
37 the skilled nursing facility safety net trust fund, the small city
38 pavement and sidewalk account, the special category C account, the
39 special wildlife account, the state hazard mitigation revolving loan
40 account, the state investment board expense account, the state
  p. 18  SSB 6079
1 investment board commingled trust fund accounts, the state patrol
2 highway account, the state reclamation revolving account, the state
3 route number 520 civil penalties account, the state route number 520
4 corridor account, the statewide broadband account, the statewide
5 tourism marketing account, the strengthen Washington homes program
6 account, the supplemental pension account, the Tacoma Narrows toll
7 bridge account, the teachers' retirement system plan 1 account, the
8 teachers' retirement system combined plan 2 and plan 3 account, the
9 tobacco prevention and control account, the tobacco settlement
10 account,    the   toll    facility   bond   retirement   account,    the
11 transportation 2003 account (nickel account), the transportation
12 equipment fund, the JUDY transportation future funding program
13 account, the transportation improvement account, the transportation
14 improvement board bond retirement account, the transportation
15 infrastructure account, the transportation partnership account, the
16 traumatic brain injury account, the tribal opioid prevention and
17 treatment account, the University of Washington bond retirement fund,
18 the University of Washington building account, the voluntary cleanup
19 account, the volunteer firefighters' relief and pension principal
20 fund,    the    volunteer    firefighters'    and   reserve    officers'
21 administrative fund, the vulnerable roadway user education account,
22 the Washington judicial retirement system account, the Washington law
23 enforcement officers' and firefighters' system plan 1 retirement
24 account, the Washington law enforcement officers' and firefighters'
25 system plan 2 retirement account, the Washington public safety
26 employees'   plan   2   retirement   account,   the  Washington   school
27 employees' retirement system combined plan 2 and 3 account, the
28 Washington state patrol retirement account, the Washington State
29 University building account, the Washington State University bond
30 retirement fund, the water pollution control revolving administration
31 account, the water pollution control revolving fund, the Western
32 Washington University capital projects account, the Yakima integrated
33 plan   implementation      account,   the    Yakima   integrated    plan
34 implementation revenue recovery account, and the Yakima integrated
35 plan implementation taxable bond account. Earnings derived from
36 investing balances of the agricultural permanent fund, the normal
37 school permanent fund, the permanent common school fund, the
38 scientific permanent fund, and the state university permanent fund
39 shall be allocated to their respective beneficiary accounts.
  p. 19  SSB 6079
1      (b) Any state agency that has independent authority over accounts
2  or funds not statutorily required to be held in the state treasury
3  that deposits funds into a fund or account in the state treasury
4  pursuant to an agreement with the office of the state treasurer shall
5  receive its proportionate share of earnings based upon each account's
6  or fund's average daily balance for the period.
7      (5) In conformance with Article II, section 37 of the state
8  Constitution, no treasury accounts or funds shall be allocated
9  earnings without the specific affirmative directive of this section.
10     Sec. 14.   RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16,
11 and 2025 c 299 s 22 are each reenacted and amended to read as
12 follows:
13     (1) All earnings of investments of surplus balances in the state
14 treasury shall be deposited to the treasury income account, which
15 account is hereby established in the state treasury.
16     (2) The treasury income account shall be utilized to pay or
17 receive funds associated with federal programs as required by the
18 federal cash management improvement act of 1990. The treasury income
19 account is subject in all respects to chapter 43.88 RCW, but no
20 appropriation is required for refunds or allocations of interest
21 earnings required by the cash management improvement act. Refunds of
22 interest to the federal treasury required under the cash management
23 improvement act fall under RCW 43.88.180 and shall not require
24 appropriation. The office of financial management shall determine the
25 amounts due to or from the federal government pursuant to the cash
26 management improvement act. The office of financial management may
27 direct transfers of funds between accounts as deemed necessary to
28 implement the provisions of the cash management improvement act, and
29 this subsection. Refunds or allocations shall occur prior to the
30 distributions of earnings set forth in subsection (4) of this
31 section.
32     (3) Except for the provisions of RCW 43.84.160, the treasury
33 income account may be utilized for the payment of purchased banking
34 services on behalf of treasury funds including, but not limited to,
35 depository, safekeeping, and disbursement functions for the state
36 treasury and affected state agencies. The treasury income account is
37 subject in all respects to chapter 43.88 RCW, but no appropriation is
38 required for payments to financial institutions. Payments shall occur
  p. 20  SSB 6079
1 prior to distribution of earnings set forth in subsection (4) of this
2 section.
3     (4) Monthly, the state treasurer shall distribute the earnings
4 credited to the treasury income account. The state treasurer shall
5 credit the general fund with all the earnings credited to the
6 treasury income account except:
7     (a) The following accounts and funds shall receive their
8 proportionate share of earnings based upon each account's and fund's
9 average daily balance for the period: The abandoned recreational
10 vehicle disposal account, the aeronautics account, the Alaskan Way
11 viaduct replacement project account, the budget stabilization
12 account, the capital vessel replacement account, the capitol building
13 construction account, the Central Washington University capital
14 projects account, the charitable, educational, penal and reformatory
15 institutions account, the Chehalis basin account, the Chehalis basin
16 taxable account, the clean fuels credit account, the clean fuels
17 transportation investment account, the cleanup settlement account,
18 the Columbia river basin water supply development account, the
19 Columbia river basin taxable bond water supply development account,
20 the Columbia river basin water supply revenue recovery account, the
21 common school construction fund, the community forest trust account,
22 the connecting Washington account, the county arterial preservation
23 account, the county criminal justice assistance account, the covenant
24 homeownership account, the deferred compensation administrative
25 account, the deferred compensation principal account, the department
26 of licensing services account, the department of retirement systems
27 expense account, the developmental disabilities community services
28 account, the diesel idle reduction account, the opioid abatement
29 settlement account, the drinking water assistance account, the
30 administrative subaccount of the drinking water assistance account,
31 the driver education safety improvement account, the early learning
32 facilities development account, the early learning facilities
33 revolving account, the Eastern Washington University capital projects
34 account, the education legacy trust account, the election account,
35 the electric vehicle account, the energy freedom account, the energy
36 recovery act account, the essential rail assistance account, The
37 Evergreen State College capital projects account, the fair start for
38 kids account, the family medicine workforce development account, the
39 ferry bond retirement fund, the fish, wildlife, and conservation
40 account, the freight mobility investment account, the freight
  p. 21  SSB 6079
1 mobility multimodal account, the grade crossing protective fund, the
2 higher education retirement plan supplemental benefit fund, the
3 Washington student loan account, the highway bond retirement fund,
4 the highway infrastructure account, the highway safety fund, the
5 hospital safety net assessment fund, the Interstate 5 bridge
6 replacement project account, the Interstate 405 and state route
7 number 167 express toll lanes account, the judges' retirement
8 account, the judicial retirement administrative account, the judicial
9 retirement principal account, the limited fish and wildlife account,
10 the local leasehold excise tax account, the local real estate excise
11 tax account, the local sales and use tax account, the marine
12 resources stewardship trust account, the medical aid account, the
13 money-purchase retirement savings administrative account, the money-
14 purchase retirement savings principal account, the motor vehicle
15 fund, the motorcycle safety education account, the move ahead WA
16 account, the move ahead WA flexible account, the multimodal
17 transportation account, the multiuse roadway safety account, the
18 municipal criminal justice assistance account, the oyster reserve
19 land account, the pension funding stabilization account, the
20 perpetual surveillance and maintenance account, the pilotage account,
21 the pollution liability insurance agency underground storage tank
22 revolving account, the public employees' retirement system plan 1
23 account, the public employees' retirement system combined plan 2 and
24 plan 3 account, the public facilities construction loan revolving
25 account, the public health supplemental account, the public works
26 assistance account, the Puget Sound capital construction account, the
27 Puget Sound ferry operations account, the Puget Sound Gateway
28 facility account, the Puget Sound taxpayer accountability account,
29 the real estate appraiser commission account, the recreational
30 vehicle account, the regional mobility grant program account, the
31 reserve officers' relief and pension principal fund, the resource
32 management cost account, the rural arterial trust account, the rural
33 mobility grant program account, the rural Washington loan fund, the
34 second injury fund, the sexual assault prevention and response
35 account, the site closure account, the skilled nursing facility
36 safety net trust fund, the small city pavement and sidewalk account,
37 the special category C account, the special wildlife account, the
38 state hazard mitigation revolving loan account, the state investment
39 board expense account, the state investment board commingled trust
40 fund accounts, the state patrol highway account, the state
  p. 22  SSB 6079
1 reclamation revolving account, the state route number 520 civil
2 penalties account, the state route number 520 corridor account, the
3 statewide broadband account, the statewide tourism marketing account,
4 the strengthen Washington homes program account, the supplemental
5 pension account, the Tacoma Narrows toll bridge account, the
6 teachers' retirement system plan 1 account, the teachers' retirement
7 system combined plan 2 and plan 3 account, the tobacco prevention and
8 control account, the tobacco settlement account, the toll facility
9 bond retirement account, the transportation 2003 account (nickel
10 account), the transportation equipment fund, the JUDY transportation
11 future funding program account, the transportation improvement
12 account, the transportation improvement board bond retirement
13 account,    the    transportation   infrastructure    account,    the
14 transportation partnership account, the traumatic brain injury
15 account, the tribal opioid prevention and treatment account, the
16 University of Washington bond retirement fund, the University of
17 Washington building account, the voluntary cleanup account, the
18 volunteer firefighters' relief and pension principal fund, the
19 volunteer firefighters' and reserve officers' administrative fund,
20 the vulnerable roadway user education account, the Washington
21 judicial retirement system account, the Washington law enforcement
22 officers' and firefighters' system plan 1 retirement account, the
23 Washington law enforcement officers' and firefighters' system plan 2
24 retirement account, the Washington public safety employees' plan 2
25 retirement account, the Washington school employees' retirement
26 system combined plan 2 and 3 account, the Washington state patrol
27 retirement account, the Washington State University building account,
28 the Washington State University bond retirement fund, the water
29 pollution control revolving administration account, the water
30 pollution control revolving fund, the Western Washington University
31 capital projects account, the Yakima integrated plan implementation
32 account, the Yakima integrated plan implementation revenue recovery
33 account, and the Yakima integrated plan implementation taxable bond
34 account. Earnings derived from investing balances of the agricultural
35 permanent fund, the normal school permanent fund, the permanent
36 common school fund, the scientific permanent fund, and the state
37 university permanent fund shall be allocated to their respective
38 beneficiary accounts.
39     (b) Any state agency that has independent authority over accounts
40 or funds not statutorily required to be held in the state treasury
  p. 23  SSB 6079
1  that deposits funds into a fund or account in the state treasury
2  pursuant to an agreement with the office of the state treasurer shall
3  receive its proportionate share of earnings based upon each account's
4  or fund's average daily balance for the period.
5      (5) In conformance with Article II, section 37 of the state
6  Constitution, no treasury accounts or funds shall be allocated
7  earnings without the specific affirmative directive of this section.
8     Sec. 15.   RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16,
9 2025 c 359 s 13, 2025 c 299 s 22, and 2025 c 228 s 15 are each
10 reenacted and amended to read as follows:
11     (1) All earnings of investments of surplus balances in the state
12 treasury shall be deposited to the treasury income account, which
13 account is hereby established in the state treasury.
14     (2) The treasury income account shall be utilized to pay or
15 receive funds associated with federal programs as required by the
16 federal cash management improvement act of 1990. The treasury income
17 account is subject in all respects to chapter 43.88 RCW, but no
18 appropriation is required for refunds or allocations of interest
19 earnings required by the cash management improvement act. Refunds of
20 interest to the federal treasury required under the cash management
21 improvement act fall under RCW 43.88.180 and shall not require
22 appropriation. The office of financial management shall determine the
23 amounts due to or from the federal government pursuant to the cash
24 management improvement act. The office of financial management may
25 direct transfers of funds between accounts as deemed necessary to
26 implement the provisions of the cash management improvement act, and
27 this subsection. Refunds or allocations shall occur prior to the
28 distributions of earnings set forth in subsection (4) of this
29 section.
30     (3) Except for the provisions of RCW 43.84.160, the treasury
31 income account may be utilized for the payment of purchased banking
32 services on behalf of treasury funds including, but not limited to,
33 depository, safekeeping, and disbursement functions for the state
34 treasury and affected state agencies. The treasury income account is
35 subject in all respects to chapter 43.88 RCW, but no appropriation is
36 required for payments to financial institutions. Payments shall occur
37 prior to distribution of earnings set forth in subsection (4) of this
38 section.
  p. 24  SSB 6079
1     (4) Monthly, the state treasurer shall distribute the earnings
2 credited to the treasury income account. The state treasurer shall
3 credit the general fund with all the earnings credited to the
4 treasury income account except:
5     (a) The following accounts and funds shall receive their
6 proportionate share of earnings based upon each account's and fund's
7 average daily balance for the period: The abandoned recreational
8 vehicle disposal account, the aeronautics account, the Alaskan Way
9 viaduct replacement project account, the budget stabilization
10 account, the capital vessel replacement account, the capitol building
11 construction account, the Central Washington University capital
12 projects account, the charitable, educational, penal and reformatory
13 institutions account, the Chehalis basin account, the Chehalis basin
14 taxable account, the clean fuels credit account, the clean fuels
15 transportation investment account, the cleanup settlement account,
16 the Columbia river basin water supply development account, the
17 Columbia river basin taxable bond water supply development account,
18 the Columbia river basin water supply revenue recovery account, the
19 common school construction fund, the community forest trust account,
20 the connecting Washington account, the county arterial preservation
21 account, the county criminal justice assistance account, the covenant
22 homeownership account, the deferred compensation administrative
23 account, the deferred compensation principal account, the department
24 of licensing services account, the department of retirement systems
25 expense account, the developmental disabilities community services
26 account, the diesel idle reduction account, the opioid abatement
27 settlement account, the drinking water assistance account, the
28 administrative subaccount of the drinking water assistance account,
29 the driver education safety improvement account, the early learning
30 facilities development account, the early learning facilities
31 revolving account, the Eastern Washington University capital projects
32 account, the education legacy trust account, the election account,
33 the electric vehicle account, the energy freedom account, the energy
34 recovery act account, the essential rail assistance account, The
35 Evergreen State College capital projects account, the fair start for
36 kids account, the family medicine workforce development account, the
37 ferry bond retirement fund, the fish, wildlife, and conservation
38 account, the freight mobility investment account, the freight
39 mobility multimodal account, the grade crossing protective fund, the
40 higher education retirement plan supplemental benefit fund, the
  p. 25  SSB 6079
1 Washington student loan account, the highway bond retirement fund,
2 the highway infrastructure account, the highway safety fund, the
3 hospital safety net assessment fund, the intelligent speed assistance
4 device revolving account, the Interstate 5 bridge replacement project
5 account, the Interstate 405 and state route number 167 express toll
6 lanes   account,  the  judges'   retirement  account,   the  judicial
7 retirement administrative account, the judicial retirement principal
8 account, the limited fish and wildlife account, the local leasehold
9 excise tax account, the local real estate excise tax account, the
10 local sales and use tax account, the marine resources stewardship
11 trust account, the medical aid account, the money-purchase retirement
12 savings administrative account, the money-purchase retirement savings
13 principal account, the motor vehicle fund, the motorcycle safety
14 education account, the move ahead WA account, the move ahead WA
15 flexible account, the multimodal transportation account, the multiuse
16 roadway safety account, the municipal criminal justice assistance
17 account, the oyster reserve land account, the pension funding
18 stabilization account, the perpetual surveillance and maintenance
19 account, the pilotage account, the pollution liability insurance
20 agency underground storage tank revolving account, the medicaid
21 access program account, the public employees' retirement system plan
22 1 account, the public employees' retirement system combined plan 2
23 and plan 3 account, the public facilities construction loan revolving
24 account, the public health supplemental account, the public works
25 assistance account, the Puget Sound capital construction account, the
26 Puget Sound ferry operations account, the Puget Sound Gateway
27 facility account, the Puget Sound taxpayer accountability account,
28 the real estate appraiser commission account, the recreational
29 vehicle account, the regional mobility grant program account, the
30 reserve officers' relief and pension principal fund, the resource
31 management cost account, the rural arterial trust account, the rural
32 mobility grant program account, the rural Washington loan fund, the
33 second injury fund, the sexual assault prevention and response
34 account, the site closure account, the skilled nursing facility
35 safety net trust fund, the small city pavement and sidewalk account,
36 the special category C account, the special wildlife account, the
37 state hazard mitigation revolving loan account, the state investment
38 board expense account, the state investment board commingled trust
39 fund accounts, the state patrol highway account, the state
40 reclamation revolving account, the state route number 520 civil
  p. 26  SSB 6079
1 penalties account, the state route number 520 corridor account, the
2 statewide broadband account, the statewide tourism marketing account,
3 the strengthen Washington homes program account, the supplemental
4 pension account, the Tacoma Narrows toll bridge account, the
5 teachers' retirement system plan 1 account, the teachers' retirement
6 system combined plan 2 and plan 3 account, the tobacco prevention and
7 control account, the tobacco settlement account, the toll facility
8 bond retirement account, the transportation 2003 account (nickel
9 account), the transportation equipment fund, the JUDY transportation
10 future funding program account, the transportation improvement
11 account, the transportation improvement board bond retirement
12 account,    the    transportation   infrastructure    account,    the
13 transportation partnership account, the traumatic brain injury
14 account, the tribal opioid prevention and treatment account, the
15 University of Washington bond retirement fund, the University of
16 Washington building account, the voluntary cleanup account, the
17 volunteer firefighters' relief and pension principal fund, the
18 volunteer firefighters' and reserve officers' administrative fund,
19 the vulnerable roadway user education account, the Washington
20 judicial retirement system account, the Washington law enforcement
21 officers' and firefighters' system plan 1 retirement account, the
22 Washington law enforcement officers' and firefighters' system plan 2
23 retirement account, the Washington public safety employees' plan 2
24 retirement account, the Washington school employees' retirement
25 system combined plan 2 and 3 account, the Washington state patrol
26 retirement account, the Washington State University building account,
27 the Washington State University bond retirement fund, the water
28 pollution control revolving administration account, the water
29 pollution control revolving fund, the Western Washington University
30 capital projects account, the Yakima integrated plan implementation
31 account, the Yakima integrated plan implementation revenue recovery
32 account, and the Yakima integrated plan implementation taxable bond
33 account. Earnings derived from investing balances of the agricultural
34 permanent fund, the normal school permanent fund, the permanent
35 common school fund, the scientific permanent fund, and the state
36 university permanent fund shall be allocated to their respective
37 beneficiary accounts.
38     (b) Any state agency that has independent authority over accounts
39 or funds not statutorily required to be held in the state treasury
40 that deposits funds into a fund or account in the state treasury
  p. 27  SSB 6079
1  pursuant to an agreement with the office of the state treasurer shall
2  receive its proportionate share of earnings based upon each account's
3  or fund's average daily balance for the period.
4      (5) In conformance with Article II, section 37 of the state
5  Constitution, no treasury accounts or funds shall be allocated
6  earnings without the specific affirmative directive of this section.
7     Sec. 16.   RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16,
8 2025 c 299 s 22, and 2025 c 228 s 15 are each reenacted and amended
9 to read as follows:
10     (1) All earnings of investments of surplus balances in the state
11 treasury shall be deposited to the treasury income account, which
12 account is hereby established in the state treasury.
13     (2) The treasury income account shall be utilized to pay or
14 receive funds associated with federal programs as required by the
15 federal cash management improvement act of 1990. The treasury income
16 account is subject in all respects to chapter 43.88 RCW, but no
17 appropriation is required for refunds or allocations of interest
18 earnings required by the cash management improvement act. Refunds of
19 interest to the federal treasury required under the cash management
20 improvement act fall under RCW 43.88.180 and shall not require
21 appropriation. The office of financial management shall determine the
22 amounts due to or from the federal government pursuant to the cash
23 management improvement act. The office of financial management may
24 direct transfers of funds between accounts as deemed necessary to
25 implement the provisions of the cash management improvement act, and
26 this subsection. Refunds or allocations shall occur prior to the
27 distributions of earnings set forth in subsection (4) of this
28 section.
29     (3) Except for the provisions of RCW 43.84.160, the treasury
30 income account may be utilized for the payment of purchased banking
31 services on behalf of treasury funds including, but not limited to,
32 depository, safekeeping, and disbursement functions for the state
33 treasury and affected state agencies. The treasury income account is
34 subject in all respects to chapter 43.88 RCW, but no appropriation is
35 required for payments to financial institutions. Payments shall occur
36 prior to distribution of earnings set forth in subsection (4) of this
37 section.
38     (4) Monthly, the state treasurer shall distribute the earnings
39 credited to the treasury income account. The state treasurer shall
  p. 28  SSB 6079
1 credit the general fund with all the earnings credited to the
2 treasury income account except:
3     (a) The following accounts and funds shall receive their
4 proportionate share of earnings based upon each account's and fund's
5 average daily balance for the period: The abandoned recreational
6 vehicle disposal account, the aeronautics account, the Alaskan Way
7 viaduct replacement project account, the budget stabilization
8 account, the capital vessel replacement account, the capitol building
9 construction account, the Central Washington University capital
10 projects account, the charitable, educational, penal and reformatory
11 institutions account, the Chehalis basin account, the Chehalis basin
12 taxable account, the clean fuels credit account, the clean fuels
13 transportation investment account, the cleanup settlement account,
14 the Columbia river basin water supply development account, the
15 Columbia river basin taxable bond water supply development account,
16 the Columbia river basin water supply revenue recovery account, the
17 common school construction fund, the community forest trust account,
18 the connecting Washington account, the county arterial preservation
19 account, the county criminal justice assistance account, the covenant
20 homeownership account, the deferred compensation administrative
21 account, the deferred compensation principal account, the department
22 of licensing services account, the department of retirement systems
23 expense account, the developmental disabilities community services
24 account, the diesel idle reduction account, the opioid abatement
25 settlement account, the drinking water assistance account, the
26 administrative subaccount of the drinking water assistance account,
27 the driver education safety improvement account, the early learning
28 facilities development account, the early learning facilities
29 revolving account, the Eastern Washington University capital projects
30 account, the education legacy trust account, the election account,
31 the electric vehicle account, the energy freedom account, the energy
32 recovery act account, the essential rail assistance account, The
33 Evergreen State College capital projects account, the fair start for
34 kids account, the family medicine workforce development account, the
35 ferry bond retirement fund, the fish, wildlife, and conservation
36 account, the freight mobility investment account, the freight
37 mobility multimodal account, the grade crossing protective fund, the
38 higher education retirement plan supplemental benefit fund, the
39 Washington student loan account, the highway bond retirement fund,
40 the highway infrastructure account, the highway safety fund, the
  p. 29  SSB 6079
1 hospital safety net assessment fund, the intelligent speed assistance
2 device revolving account, the Interstate 5 bridge replacement project
3 account, the Interstate 405 and state route number 167 express toll
4 lanes   account,  the  judges'   retirement  account,   the  judicial
5 retirement administrative account, the judicial retirement principal
6 account, the limited fish and wildlife account, the local leasehold
7 excise tax account, the local real estate excise tax account, the
8 local sales and use tax account, the marine resources stewardship
9 trust account, the medical aid account, the money-purchase retirement
10 savings administrative account, the money-purchase retirement savings
11 principal account, the motor vehicle fund, the motorcycle safety
12 education account, the move ahead WA account, the move ahead WA
13 flexible account, the multimodal transportation account, the multiuse
14 roadway safety account, the municipal criminal justice assistance
15 account, the oyster reserve land account, the pension funding
16 stabilization account, the perpetual surveillance and maintenance
17 account, the pilotage account, the pollution liability insurance
18 agency underground storage tank revolving account, the public
19 employees' retirement system plan 1 account, the public employees'
20 retirement system combined plan 2 and plan 3 account, the public
21 facilities construction loan revolving account, the public health
22 supplemental account, the public works assistance account, the Puget
23 Sound capital construction account, the Puget Sound ferry operations
24 account, the Puget Sound Gateway facility account, the Puget Sound
25 taxpayer accountability account, the real estate appraiser commission
26 account, the recreational vehicle account, the regional mobility
27 grant program account, the reserve officers' relief and pension
28 principal fund, the resource management cost account, the rural
29 arterial trust account, the rural mobility grant program account, the
30 rural Washington loan fund, the second injury fund, the sexual
31 assault prevention and response account, the site closure account,
32 the skilled nursing facility safety net trust fund, the small city
33 pavement and sidewalk account, the special category C account, the
34 special wildlife account, the state hazard mitigation revolving loan
35 account, the state investment board expense account, the state
36 investment board commingled trust fund accounts, the state patrol
37 highway account, the state reclamation revolving account, the state
38 route number 520 civil penalties account, the state route number 520
39 corridor account, the statewide broadband account, the statewide
40 tourism marketing account, the strengthen Washington homes program
  p. 30  SSB 6079
1 account, the supplemental pension account, the Tacoma Narrows toll
2 bridge account, the teachers' retirement system plan 1 account, the
3 teachers' retirement system combined plan 2 and plan 3 account, the
4 tobacco prevention and control account, the tobacco settlement
5 account,   the   toll   facility   bond   retirement   account,   the
6 transportation 2003 account (nickel account), the transportation
7 equipment fund, the JUDY transportation future funding program
8 account, the transportation improvement account, the transportation
9 improvement board bond retirement account, the transportation
10 infrastructure account, the transportation partnership account, the
11 traumatic brain injury account, the tribal opioid prevention and
12 treatment account, the University of Washington bond retirement fund,
13 the University of Washington building account, the voluntary cleanup
14 account, the volunteer firefighters' relief and pension principal
15 fund,   the    volunteer    firefighters'    and   reserve    officers'
16 administrative fund, the vulnerable roadway user education account,
17 the Washington judicial retirement system account, the Washington law
18 enforcement officers' and firefighters' system plan 1 retirement
19 account, the Washington law enforcement officers' and firefighters'
20 system plan 2 retirement account, the Washington public safety
21 employees'   plan  2   retirement   account,   the  Washington   school
22 employees' retirement system combined plan 2 and 3 account, the
23 Washington state patrol retirement account, the Washington State
24 University building account, the Washington State University bond
25 retirement fund, the water pollution control revolving administration
26 account, the water pollution control revolving fund, the Western
27 Washington University capital projects account, the Yakima integrated
28 plan   implementation    account,    the    Yakima   integrated    plan
29 implementation revenue recovery account, and the Yakima integrated
30 plan implementation taxable bond account. Earnings derived from
31 investing balances of the agricultural permanent fund, the normal
32 school permanent fund, the permanent common school fund, the
33 scientific permanent fund, and the state university permanent fund
34 shall be allocated to their respective beneficiary accounts.
35     (b) Any state agency that has independent authority over accounts
36 or funds not statutorily required to be held in the state treasury
37 that deposits funds into a fund or account in the state treasury
38 pursuant to an agreement with the office of the state treasurer shall
39 receive its proportionate share of earnings based upon each account's
40 or fund's average daily balance for the period.
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1     (5) In conformance with Article II, section 37 of the state
2 Constitution, no treasury accounts or funds shall be allocated
3 earnings without the specific affirmative directive of this section.
4     NEW SECTION.   Sec. 17.   (1) Section 11 of this act expires the
5 earlier of July 1, 2028, or when RCW 74.76.040 expires.
6     (2) Section 12 of this act expires July 1, 2028.
7     (3) Section 13 of this act expires the earlier of January 1,
8 2029, or when RCW 74.76.040 expires.
9     (4) Section 14 of this act expires January 1, 2029.
10     (5) Section 15 of this act expires when RCW 74.76.040 expires.
11     NEW SECTION. Sec. 18.     (1) Section 12 of this act takes effect
12 when RCW 74.76.040 expires.
13    (2) Sections 13 and 14 of this act take effect July 1, 2028.
14    (3) Sections 15 and 16 of this act take effect January 1, 2029.
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