I-5 bridge account earnings

AN ACT Relating to allowing the Interstate 5 bridge replacement 1
project toll facility bond retirement account to receive its 2
proportionate share of earnings; reenacting and amending RCW 3
43.84.092, 43.84.092, 43.84.092, 43.84.092, 43.84.092, and 43.84.092; 4
providing effective dates; providing a contingent effective date; 5
providing expiration dates; and providing contingent expiration 6
dates. 7
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:8
Sec. 1. RCW 43.84.092 and 2025 c 417 s 802, 2025 c 399 s 15, 9
2025 c 359 s 12, and 2025 c 299 s 21 are each reenacted and amended 10
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
Z-0524.1
HOUSE BILL 2111
State of Washington 69th Legislature 2026 Regular Session
By Representatives Fey, Barkis, Schmidt, Reed, Zahn, Wylie, Duerr,
Jacobsen, Reeves, and Bernbaum; by request of State Treasurer
Prefiled 12/08/25. Read first time 01/12/26. Referred to Committee
on Transportation.
p. 1 HB 2111
improvement act fall under RCW 43.88.180 and shall not require 1
appropriation. The office of financial management shall determine the 2
amounts due to or from the federal government pursuant to the cash 3
management improvement act. The office of financial management may 4
direct transfers of funds between accounts as deemed necessary to 5
implement the provisions of the cash management improvement act, and 6
this subsection. Refunds or allocations shall occur prior to the 7
distributions of earnings set forth in subsection (4) of this 8
section. 9
(3) Except for the provisions of RCW 43.84.160, the treasury 10
income account may be utilized for the payment of purchased banking 11
services on behalf of treasury funds including, but not limited to, 12
depository, safekeeping, and disbursement functions for the state 13
treasury and affected state agencies. The treasury income account is 14
subject in all respects to chapter 43.88 RCW, but no appropriation is 15
required for payments to financial institutions. Payments shall occur 16
prior to distribution of earnings set forth in subsection (4) of this 17
section. 18
(4) Monthly, the state treasurer shall distribute the earnings 19
credited to the treasury income account. The state treasurer shall 20
credit the general fund with all the earnings credited to the 21
treasury income account except: 22
(a) The following accounts and funds shall receive their 23
proportionate share of earnings based upon each account's and fund's 24
average daily balance for the period: The abandoned recreational 25
vehicle disposal account, the aeronautics account, the Alaskan Way 26
viaduct replacement project account, the ambulance transport fund, 27
the budget stabilization account, the capital vessel replacement 28
account, the capitol building construction account, the Central 29
Washington University capital projects account, the charitable, 30
educational, penal and reformatory institutions account, the Chehalis 31
basin account, the Chehalis basin taxable account, the clean fuels 32
credit account, the clean fuels transportation investment account, 33
the cleanup settlement account, the Columbia river basin water supply 34
development account, the Columbia river basin taxable bond water 35
supply development account, the Columbia river basin water supply 36
revenue recovery account, the common school construction fund, the 37
community forest trust account, the connecting Washington account, 38
the county arterial preservation account, the county criminal justice 39
assistance account, the covenant homeownership account, the deferred 40
p. 2 HB 2111
compensation administrative account, the deferred compensation 1
principal account, the department of licensing services account, the 2
department of retirement systems expense account, the developmental 3
disabilities community services account, the diesel idle reduction 4
account, the opioid abatement settlement account, the drinking water 5
assistance account, the administrative subaccount of the drinking 6
water assistance account, the driver education safety improvement 7
account, the early learning facilities development account, the early 8
learning facilities revolving account, the Eastern Washington 9
University capital projects account, the education legacy trust 10
account, the election account, the electric vehicle account, the 11
energy freedom account, the energy recovery act account, the 12
essential rail assistance account, The Evergreen State College 13
capital projects account, the fair start for kids account, the family 14
medicine workforce development account, the ferry bond retirement 15
fund, the fish, wildlife, and conservation account, the freight 16
mobility investment account, the freight mobility multimodal account, 17
the grade crossing protective fund, the higher education retirement 18
plan supplemental benefit fund, the Washington student loan account, 19
the highway bond retirement fund, the highway infrastructure account, 20
the highway safety fund, the hospital safety net assessment fund, the 21
Interstate 5 bridge replacement project account, Interstate 5 bridge 22
replacement project toll facility bond retirement account, the 23
Interstate 405 and state route number 167 express toll lanes account, 24
the judges' retirement account, the judicial retirement 25
administrative account, the judicial retirement principal account, 26
the limited fish and wildlife account, the local leasehold excise tax 27
account, the local real estate excise tax account, the local sales 28
and use tax account, the marine resources stewardship trust account, 29
the medical aid account, the money-purchase retirement savings 30
administrative account, the money-purchase retirement savings 31
principal account, the motor vehicle fund, the motorcycle safety 32
education account, the move ahead WA account, the move ahead WA 33
flexible account, the multimodal transportation account, the multiuse 34
roadway safety account, the municipal criminal justice assistance 35
account, the oyster reserve land account, the pension funding 36
stabilization account, the perpetual surveillance and maintenance 37
account, the pilotage account, the pollution liability insurance 38
agency underground storage tank revolving account, the medicaid 39
access program account, the public employees' retirement system plan 40
p. 3 HB 2111
1 account, the public employees' retirement system combined plan 2 1
and plan 3 account, the public facilities construction loan revolving 2
account, the public health supplemental account, the public works 3
assistance account, the Puget Sound capital construction account, the 4
Puget Sound ferry operations account, the Puget Sound Gateway 5
facility account, the Puget Sound taxpayer accountability account, 6
the real estate appraiser commission account, the recreational 7
vehicle account, the regional mobility grant program account, the 8
reserve officers' relief and pension principal fund, the resource 9
management cost account, the rural arterial trust account, the rural 10
mobility grant program account, the rural Washington loan fund, the 11
second injury fund, the sexual assault prevention and response 12
account, the site closure account, the skilled nursing facility 13
safety net trust fund, the small city pavement and sidewalk account, 14
the special category C account, the special wildlife account, the 15
state hazard mitigation revolving loan account, the state investment 16
board expense account, the state investment board commingled trust 17
fund accounts, the state patrol highway account, the state 18
reclamation revolving account, the state route number 520 civil 19
penalties account, the state route number 520 corridor account, the 20
statewide broadband account, the statewide tourism marketing account, 21
the supplemental pension account, the Tacoma Narrows toll bridge 22
account, the teachers' retirement system plan 1 account, the 23
teachers' retirement system combined plan 2 and plan 3 account, the 24
tobacco prevention and control account, the tobacco settlement 25
account, the toll facility bond retirement account, the 26
transportation 2003 account (nickel account), the transportation 27
equipment fund, the JUDY transportation future funding program 28
account, the transportation improvement account, the transportation 29
improvement board bond retirement account, the transportation 30
infrastructure account, the transportation partnership account, the 31
traumatic brain injury account, the tribal opioid prevention and 32
treatment account, the University of Washington bond retirement fund, 33
the University of Washington building account, the voluntary cleanup 34
account, the volunteer firefighters' relief and pension principal 35
fund, the volunteer firefighters' and reserve officers' 36
administrative fund, the vulnerable roadway user education account, 37
the Washington judicial retirement system account, the Washington law 38
enforcement officers' and firefighters' system plan 1 retirement 39
account, the Washington law enforcement officers' and firefighters' 40
p. 4 HB 2111
system plan 2 retirement account, the Washington public safety 1
employees' plan 2 retirement account, the Washington school 2
employees' retirement system combined plan 2 and 3 account, the 3
Washington state patrol retirement account, the Washington State 4
University building account, the Washington State University bond 5
retirement fund, the water pollution control revolving administration 6
account, the water pollution control revolving fund, the Western 7
Washington University capital projects account, the Yakima integrated 8
plan implementation account, the Yakima integrated plan 9
implementation revenue recovery account, and the Yakima integrated 10
plan implementation taxable bond account. Earnings derived from 11
investing balances of the agricultural permanent fund, the normal 12
school permanent fund, the permanent common school fund, the 13
scientific permanent fund, and the state university permanent fund 14
shall be allocated to their respective beneficiary accounts.15
(b) Any state agency that has independent authority over accounts 16
or funds not statutorily required to be held in the state treasury 17
that deposits funds into a fund or account in the state treasury 18
pursuant to an agreement with the office of the state treasurer shall 19
receive its proportionate share of earnings based upon each account's 20
or fund's average daily balance for the period. 21
(5) In conformance with Article II, section 37 of the state 22
Constitution, no treasury accounts or funds shall be allocated 23
earnings without the specific affirmative directive of this section.24
Sec. 2. RCW 43.84.092 and 2025 c 417 s 802, 2025 c 399 s 15, and 25
2025 c 299 s 21 are each reenacted and amended to read as follows:26
(1) All earnings of investments of surplus balances in the state 27
treasury shall be deposited to the treasury income account, which 28
account is hereby established in the state treasury.29
(2) The treasury income account shall be utilized to pay or 30
receive funds associated with federal programs as required by the 31
federal cash management improvement act of 1990. The treasury income 32
account is subject in all respects to chapter 43.88 RCW, but no 33
appropriation is required for refunds or allocations of interest 34
earnings required by the cash management improvement act. Refunds of 35
interest to the federal treasury required under the cash management 36
improvement act fall under RCW 43.88.180 and shall not require 37
appropriation. The office of financial management shall determine the 38
amounts due to or from the federal government pursuant to the cash 39
p. 5 HB 2111
management improvement act. The office of financial management may 1
direct transfers of funds between accounts as deemed necessary to 2
implement the provisions of the cash management improvement act, and 3
this subsection. Refunds or allocations shall occur prior to the 4
distributions of earnings set forth in subsection (4) of this 5
section. 6
(3) Except for the provisions of RCW 43.84.160, the treasury 7
income account may be utilized for the payment of purchased banking 8
services on behalf of treasury funds including, but not limited to, 9
depository, safekeeping, and disbursement functions for the state 10
treasury and affected state agencies. The treasury income account is 11
subject in all respects to chapter 43.88 RCW, but no appropriation is 12
required for payments to financial institutions. Payments shall occur 13
prior to distribution of earnings set forth in subsection (4) of this 14
section. 15
(4) Monthly, the state treasurer shall distribute the earnings 16
credited to the treasury income account. The state treasurer shall 17
credit the general fund with all the earnings credited to the 18
treasury income account except: 19
(a) The following accounts and funds shall receive their 20
proportionate share of earnings based upon each account's and fund's 21
average daily balance for the period: The abandoned recreational 22
vehicle disposal account, the aeronautics account, the Alaskan Way 23
viaduct replacement project account, the ambulance transport fund, 24
the budget stabilization account, the capital vessel replacement 25
account, the capitol building construction account, the Central 26
Washington University capital projects account, the charitable, 27
educational, penal and reformatory institutions account, the Chehalis 28
basin account, the Chehalis basin taxable account, the clean fuels 29
credit account, the clean fuels transportation investment account, 30
the cleanup settlement account, the Columbia river basin water supply 31
development account, the Columbia river basin taxable bond water 32
supply development account, the Columbia river basin water supply 33
revenue recovery account, the common school construction fund, the 34
community forest trust account, the connecting Washington account, 35
the county arterial preservation account, the county criminal justice 36
assistance account, the covenant homeownership account, the deferred 37
compensation administrative account, the deferred compensation 38
principal account, the department of licensing services account, the 39
department of retirement systems expense account, the developmental 40
p. 6 HB 2111
disabilities community services account, the diesel idle reduction 1
account, the opioid abatement settlement account, the drinking water 2
assistance account, the administrative subaccount of the drinking 3
water assistance account, the driver education safety improvement 4
account, the early learning facilities development account, the early 5
learning facilities revolving account, the Eastern Washington 6
University capital projects account, the education legacy trust 7
account, the election account, the electric vehicle account, the 8
energy freedom account, the energy recovery act account, the 9
essential rail assistance account, The Evergreen State College 10
capital projects account, the fair start for kids account, the family 11
medicine workforce development account, the ferry bond retirement 12
fund, the fish, wildlife, and conservation account, the freight 13
mobility investment account, the freight mobility multimodal account, 14
the grade crossing protective fund, the higher education retirement 15
plan supplemental benefit fund, the Washington student loan account, 16
the highway bond retirement fund, the highway infrastructure account, 17
the highway safety fund, the hospital safety net assessment fund, the 18
Interstate 5 bridge replacement project account, Interstate 5 bridge 19
replacement project toll facility bond retirement account, the 20
Interstate 405 and state route number 167 express toll lanes account, 21
the judges' retirement account, the judicial retirement 22
administrative account, the judicial retirement principal account, 23
the limited fish and wildlife account, the local leasehold excise tax 24
account, the local real estate excise tax account, the local sales 25
and use tax account, the marine resources stewardship trust account, 26
the medical aid account, the money-purchase retirement savings 27
administrative account, the money-purchase retirement savings 28
principal account, the motor vehicle fund, the motorcycle safety 29
education account, the move ahead WA account, the move ahead WA 30
flexible account, the multimodal transportation account, the multiuse 31
roadway safety account, the municipal criminal justice assistance 32
account, the oyster reserve land account, the pension funding 33
stabilization account, the perpetual surveillance and maintenance 34
account, the pilotage account, the pollution liability insurance 35
agency underground storage tank revolving account, the public 36
employees' retirement system plan 1 account, the public employees' 37
retirement system combined plan 2 and plan 3 account, the public 38
facilities construction loan revolving account, the public health 39
supplemental account, the public works assistance account, the Puget 40
p. 7 HB 2111
Sound capital construction account, the Puget Sound ferry operations 1
account, the Puget Sound Gateway facility account, the Puget Sound 2
taxpayer accountability account, the real estate appraiser commission 3
account, the recreational vehicle account, the regional mobility 4
grant program account, the reserve officers' relief and pension 5
principal fund, the resource management cost account, the rural 6
arterial trust account, the rural mobility grant program account, the 7
rural Washington loan fund, the second injury fund, the sexual 8
assault prevention and response account, the site closure account, 9
the skilled nursing facility safety net trust fund, the small city 10
pavement and sidewalk account, the special category C account, the 11
special wildlife account, the state hazard mitigation revolving loan 12
account, the state investment board expense account, the state 13
investment board commingled trust fund accounts, the state patrol 14
highway account, the state reclamation revolving account, the state 15
route number 520 civil penalties account, the state route number 520 16
corridor account, the statewide broadband account, the statewide 17
tourism marketing account, the supplemental pension account, the 18
Tacoma Narrows toll bridge account, the teachers' retirement system 19
plan 1 account, the teachers' retirement system combined plan 2 and 20
plan 3 account, the tobacco prevention and control account, the 21
tobacco settlement account, the toll facility bond retirement 22
account, the transportation 2003 account (nickel account), the 23
transportation equipment fund, the JUDY transportation future funding 24
program account, the transportation improvement account, the 25
transportation improvement board bond retirement account, the 26
transportation infrastructure account, the transportation partnership 27
account, the traumatic brain injury account, the tribal opioid 28
prevention and treatment account, the University of Washington bond 29
retirement fund, the University of Washington building account, the 30
voluntary cleanup account, the volunteer firefighters' relief and 31
pension principal fund, the volunteer firefighters' and reserve 32
officers' administrative fund, the vulnerable roadway user education 33
account, the Washington judicial retirement system account, the 34
Washington law enforcement officers' and firefighters' system plan 1 35
retirement account, the Washington law enforcement officers' and 36
firefighters' system plan 2 retirement account, the Washington public 37
safety employees' plan 2 retirement account, the Washington school 38
employees' retirement system combined plan 2 and 3 account, the 39
Washington state patrol retirement account, the Washington State 40
p. 8 HB 2111
University building account, the Washington State University bond 1
retirement fund, the water pollution control revolving administration 2
account, the water pollution control revolving fund, the Western 3
Washington University capital projects account, the Yakima integrated 4
plan implementation account, the Yakima integrated plan 5
implementation revenue recovery account, and the Yakima integrated 6
plan implementation taxable bond account. Earnings derived from 7
investing balances of the agricultural permanent fund, the normal 8
school permanent fund, the permanent common school fund, the 9
scientific permanent fund, and the state university permanent fund 10
shall be allocated to their respective beneficiary accounts.11
(b) Any state agency that has independent authority over accounts 12
or funds not statutorily required to be held in the state treasury 13
that deposits funds into a fund or account in the state treasury 14
pursuant to an agreement with the office of the state treasurer shall 15
receive its proportionate share of earnings based upon each account's 16
or fund's average daily balance for the period. 17
(5) In conformance with Article II, section 37 of the state 18
Constitution, no treasury accounts or funds shall be allocated 19
earnings without the specific affirmative directive of this section.20
Sec. 3. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, 21
2025 c 359 s 13, and 2025 c 299 s 22 are each reenacted and amended 22
to read as follows: 23
(1) All earnings of investments of surplus balances in the state 24
treasury shall be deposited to the treasury income account, which 25
account is hereby established in the state treasury.26
(2) The treasury income account shall be utilized to pay or 27
receive funds associated with federal programs as required by the 28
federal cash management improvement act of 1990. The treasury income 29
account is subject in all respects to chapter 43.88 RCW, but no 30
appropriation is required for refunds or allocations of interest 31
earnings required by the cash management improvement act. Refunds of 32
interest to the federal treasury required under the cash management 33
improvement act fall under RCW 43.88.180 and shall not require 34
appropriation. The office of financial management shall determine the 35
amounts due to or from the federal government pursuant to the cash 36
management improvement act. The office of financial management may 37
direct transfers of funds between accounts as deemed necessary to 38
implement the provisions of the cash management improvement act, and 39
p. 9 HB 2111
this subsection. Refunds or allocations shall occur prior to the 1
distributions of earnings set forth in subsection (4) of this 2
section. 3
(3) Except for the provisions of RCW 43.84.160, the treasury 4
income account may be utilized for the payment of purchased banking 5
services on behalf of treasury funds including, but not limited to, 6
depository, safekeeping, and disbursement functions for the state 7
treasury and affected state agencies. The treasury income account is 8
subject in all respects to chapter 43.88 RCW, but no appropriation is 9
required for payments to financial institutions. Payments shall occur 10
prior to distribution of earnings set forth in subsection (4) of this 11
section. 12
(4) Monthly, the state treasurer shall distribute the earnings 13
credited to the treasury income account. The state treasurer shall 14
credit the general fund with all the earnings credited to the 15
treasury income account except: 16
(a) The following accounts and funds shall receive their 17
proportionate share of earnings based upon each account's and fund's 18
average daily balance for the period: The abandoned recreational 19
vehicle disposal account, the aeronautics account, the Alaskan Way 20
viaduct replacement project account, the budget stabilization 21
account, the capital vessel replacement account, the capitol building 22
construction account, the Central Washington University capital 23
projects account, the charitable, educational, penal and reformatory 24
institutions account, the Chehalis basin account, the Chehalis basin 25
taxable account, the clean fuels credit account, the clean fuels 26
transportation investment account, the cleanup settlement account, 27
the Columbia river basin water supply development account, the 28
Columbia river basin taxable bond water supply development account, 29
the Columbia river basin water supply revenue recovery account, the 30
common school construction fund, the community forest trust account, 31
the connecting Washington account, the county arterial preservation 32
account, the county criminal justice assistance account, the covenant 33
homeownership account, the deferred compensation administrative 34
account, the deferred compensation principal account, the department 35
of licensing services account, the department of retirement systems 36
expense account, the developmental disabilities community services 37
account, the diesel idle reduction account, the opioid abatement 38
settlement account, the drinking water assistance account, the 39
administrative subaccount of the drinking water assistance account, 40
p. 10 HB 2111
the driver education safety improvement account, the early learning 1
facilities development account, the early learning facilities 2
revolving account, the Eastern Washington University capital projects 3
account, the education legacy trust account, the election account, 4
the electric vehicle account, the energy freedom account, the energy 5
recovery act account, the essential rail assistance account, The 6
Evergreen State College capital projects account, the fair start for 7
kids account, the family medicine workforce development account, the 8
ferry bond retirement fund, the fish, wildlife, and conservation 9
account, the freight mobility investment account, the freight 10
mobility multimodal account, the grade crossing protective fund, the 11
higher education retirement plan supplemental benefit fund, the 12
Washington student loan account, the highway bond retirement fund, 13
the highway infrastructure account, the highway safety fund, the 14
hospital safety net assessment fund, the Interstate 5 bridge 15
replacement project account, Interstate 5 bridge replacement project 16
toll facility bond retirement account, the Interstate 405 and state 17
route number 167 express toll lanes account, the judges' retirement 18
account, the judicial retirement administrative account, the judicial 19
retirement principal account, the limited fish and wildlife account, 20
the local leasehold excise tax account, the local real estate excise 21
tax account, the local sales and use tax account, the marine 22
resources stewardship trust account, the medical aid account, the 23
money-purchase retirement savings administrative account, the money-24
purchase retirement savings principal account, the motor vehicle 25
fund, the motorcycle safety education account, the move ahead WA 26
account, the move ahead WA flexible account, the multimodal 27
transportation account, the multiuse roadway safety account, the 28
municipal criminal justice assistance account, the oyster reserve 29
land account, the pension funding stabilization account, the 30
perpetual surveillance and maintenance account, the pilotage account, 31
the pollution liability insurance agency underground storage tank 32
revolving account, the medicaid access program account, the public 33
employees' retirement system plan 1 account, the public employees' 34
retirement system combined plan 2 and plan 3 account, the public 35
facilities construction loan revolving account, the public health 36
supplemental account, the public works assistance account, the Puget 37
Sound capital construction account, the Puget Sound ferry operations 38
account, the Puget Sound Gateway facility account, the Puget Sound 39
taxpayer accountability account, the real estate appraiser commission 40
p. 11 HB 2111
account, the recreational vehicle account, the regional mobility 1
grant program account, the reserve officers' relief and pension 2
principal fund, the resource management cost account, the rural 3
arterial trust account, the rural mobility grant program account, the 4
rural Washington loan fund, the second injury fund, the sexual 5
assault prevention and response account, the site closure account, 6
the skilled nursing facility safety net trust fund, the small city 7
pavement and sidewalk account, the special category C account, the 8
special wildlife account, the state hazard mitigation revolving loan 9
account, the state investment board expense account, the state 10
investment board commingled trust fund accounts, the state patrol 11
highway account, the state reclamation revolving account, the state 12
route number 520 civil penalties account, the state route number 520 13
corridor account, the statewide broadband account, the statewide 14
tourism marketing account, the supplemental pension account, the 15
Tacoma Narrows toll bridge account, the teachers' retirement system 16
plan 1 account, the teachers' retirement system combined plan 2 and 17
plan 3 account, the tobacco prevention and control account, the 18
tobacco settlement account, the toll facility bond retirement 19
account, the transportation 2003 account (nickel account), the 20
transportation equipment fund, the JUDY transportation future funding 21
program account, the transportation improvement account, the 22
transportation improvement board bond retirement account, the 23
transportation infrastructure account, the transportation partnership 24
account, the traumatic brain injury account, the tribal opioid 25
prevention and treatment account, the University of Washington bond 26
retirement fund, the University of Washington building account, the 27
voluntary cleanup account, the volunteer firefighters' relief and 28
pension principal fund, the volunteer firefighters' and reserve 29
officers' administrative fund, the vulnerable roadway user education 30
account, the Washington judicial retirement system account, the 31
Washington law enforcement officers' and firefighters' system plan 1 32
retirement account, the Washington law enforcement officers' and 33
firefighters' system plan 2 retirement account, the Washington public 34
safety employees' plan 2 retirement account, the Washington school 35
employees' retirement system combined plan 2 and 3 account, the 36
Washington state patrol retirement account, the Washington State 37
University building account, the Washington State University bond 38
retirement fund, the water pollution control revolving administration 39
account, the water pollution control revolving fund, the Western 40
p. 12 HB 2111
Washington University capital projects account, the Yakima integrated 1
plan implementation account, the Yakima integrated plan 2
implementation revenue recovery account, and the Yakima integrated 3
plan implementation taxable bond account. Earnings derived from 4
investing balances of the agricultural permanent fund, the normal 5
school permanent fund, the permanent common school fund, the 6
scientific permanent fund, and the state university permanent fund 7
shall be allocated to their respective beneficiary accounts.8
(b) Any state agency that has independent authority over accounts 9
or funds not statutorily required to be held in the state treasury 10
that deposits funds into a fund or account in the state treasury 11
pursuant to an agreement with the office of the state treasurer shall 12
receive its proportionate share of earnings based upon each account's 13
or fund's average daily balance for the period. 14
(5) In conformance with Article II, section 37 of the state 15
Constitution, no treasury accounts or funds shall be allocated 16
earnings without the specific affirmative directive of this section.17
Sec. 4. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, and 18
2025 c 299 s 22 are each reenacted and amended to read as follows:19
(1) All earnings of investments of surplus balances in the state 20
treasury shall be deposited to the treasury income account, which 21
account is hereby established in the state treasury.22
(2) The treasury income account shall be utilized to pay or 23
receive funds associated with federal programs as required by the 24
federal cash management improvement act of 1990. The treasury income 25
account is subject in all respects to chapter 43.88 RCW, but no 26
appropriation is required for refunds or allocations of interest 27
earnings required by the cash management improvement act. Refunds of 28
interest to the federal treasury required under the cash management 29
improvement act fall under RCW 43.88.180 and shall not require 30
appropriation. The office of financial management shall determine the 31
amounts due to or from the federal government pursuant to the cash 32
management improvement act. The office of financial management may 33
direct transfers of funds between accounts as deemed necessary to 34
implement the provisions of the cash management improvement act, and 35
this subsection. Refunds or allocations shall occur prior to the 36
distributions of earnings set forth in subsection (4) of this 37
section. 38
p. 13 HB 2111
(3) Except for the provisions of RCW 43.84.160, the treasury 1
income account may be utilized for the payment of purchased banking 2
services on behalf of treasury funds including, but not limited to, 3
depository, safekeeping, and disbursement functions for the state 4
treasury and affected state agencies. The treasury income account is 5
subject in all respects to chapter 43.88 RCW, but no appropriation is 6
required for payments to financial institutions. Payments shall occur 7
prior to distribution of earnings set forth in subsection (4) of this 8
section. 9
(4) Monthly, the state treasurer shall distribute the earnings 10
credited to the treasury income account. The state treasurer shall 11
credit the general fund with all the earnings credited to the 12
treasury income account except: 13
(a) The following accounts and funds shall receive their 14
proportionate share of earnings based upon each account's and fund's 15
average daily balance for the period: The abandoned recreational 16
vehicle disposal account, the aeronautics account, the Alaskan Way 17
viaduct replacement project account, the budget stabilization 18
account, the capital vessel replacement account, the capitol building 19
construction account, the Central Washington University capital 20
projects account, the charitable, educational, penal and reformatory 21
institutions account, the Chehalis basin account, the Chehalis basin 22
taxable account, the clean fuels credit account, the clean fuels 23
transportation investment account, the cleanup settlement account, 24
the Columbia river basin water supply development account, the 25
Columbia river basin taxable bond water supply development account, 26
the Columbia river basin water supply revenue recovery account, the 27
common school construction fund, the community forest trust account, 28
the connecting Washington account, the county arterial preservation 29
account, the county criminal justice assistance account, the covenant 30
homeownership account, the deferred compensation administrative 31
account, the deferred compensation principal account, the department 32
of licensing services account, the department of retirement systems 33
expense account, the developmental disabilities community services 34
account, the diesel idle reduction account, the opioid abatement 35
settlement account, the drinking water assistance account, the 36
administrative subaccount of the drinking water assistance account, 37
the driver education safety improvement account, the early learning 38
facilities development account, the early learning facilities 39
revolving account, the Eastern Washington University capital projects 40
p. 14 HB 2111
account, the education legacy trust account, the election account, 1
the electric vehicle account, the energy freedom account, the energy 2
recovery act account, the essential rail assistance account, The 3
Evergreen State College capital projects account, the fair start for 4
kids account, the family medicine workforce development account, the 5
ferry bond retirement fund, the fish, wildlife, and conservation 6
account, the freight mobility investment account, the freight 7
mobility multimodal account, the grade crossing protective fund, the 8
higher education retirement plan supplemental benefit fund, the 9
Washington student loan account, the highway bond retirement fund, 10
the highway infrastructure account, the highway safety fund, the 11
hospital safety net assessment fund, the Interstate 5 bridge 12
replacement project account, Interstate 5 bridge replacement project 13
toll facility bond retirement account, the Interstate 405 and state 14
route number 167 express toll lanes account, the judges' retirement 15
account, the judicial retirement administrative account, the judicial 16
retirement principal account, the limited fish and wildlife account, 17
the local leasehold excise tax account, the local real estate excise 18
tax account, the local sales and use tax account, the marine 19
resources stewardship trust account, the medical aid account, the 20
money-purchase retirement savings administrative account, the money-21
purchase retirement savings principal account, the motor vehicle 22
fund, the motorcycle safety education account, the move ahead WA 23
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 public employees' retirement system plan 1 30
account, the public employees' retirement system combined plan 2 and 31
plan 3 account, the public facilities construction loan revolving 32
account, the public health supplemental account, the public works 33
assistance account, the Puget Sound capital construction account, the 34
Puget Sound ferry operations account, the Puget Sound Gateway 35
facility account, the Puget Sound taxpayer accountability account, 36
the real estate appraiser commission account, the recreational 37
vehicle account, the regional mobility grant program account, the 38
reserve officers' relief and pension principal fund, the resource 39
management cost account, the rural arterial trust account, the rural 40
p. 15 HB 2111
mobility grant program account, the rural Washington loan fund, the 1
second injury fund, the sexual assault prevention and response 2
account, the site closure account, the skilled nursing facility 3
safety net trust fund, the small city pavement and sidewalk account, 4
the special category C account, the special wildlife account, the 5
state hazard mitigation revolving loan account, the state investment 6
board expense account, the state investment board commingled trust 7
fund accounts, the state patrol highway account, the state 8
reclamation revolving account, the state route number 520 civil 9
penalties account, the state route number 520 corridor account, the 10
statewide broadband account, the statewide tourism marketing account, 11
the supplemental pension account, the Tacoma Narrows toll bridge 12
account, the teachers' retirement system plan 1 account, the 13
teachers' retirement system combined plan 2 and plan 3 account, the 14
tobacco prevention and control account, the tobacco settlement 15
account, the toll facility bond retirement account, the 16
transportation 2003 account (nickel account), the transportation 17
equipment fund, the JUDY transportation future funding program 18
account, the transportation improvement account, the transportation 19
improvement board bond retirement account, the transportation 20
infrastructure account, the transportation partnership account, the 21
traumatic brain injury account, the tribal opioid prevention and 22
treatment account, the University of Washington bond retirement fund, 23
the University of Washington building account, the voluntary cleanup 24
account, the volunteer firefighters' relief and pension principal 25
fund, the volunteer firefighters' and reserve officers' 26
administrative fund, the vulnerable roadway user education account, 27
the Washington judicial retirement system account, the Washington law 28
enforcement officers' and firefighters' system plan 1 retirement 29
account, the Washington law enforcement officers' and firefighters' 30
system plan 2 retirement account, the Washington public safety 31
employees' plan 2 retirement account, the Washington school 32
employees' retirement system combined plan 2 and 3 account, the 33
Washington state patrol retirement account, the Washington State 34
University building account, the Washington State University bond 35
retirement fund, the water pollution control revolving administration 36
account, the water pollution control revolving fund, the Western 37
Washington University capital projects account, the Yakima integrated 38
plan implementation account, the Yakima integrated plan 39
implementation revenue recovery account, and the Yakima integrated 40
p. 16 HB 2111
plan implementation taxable bond account. Earnings derived from 1
investing balances of the agricultural permanent fund, the normal 2
school permanent fund, the permanent common school fund, the 3
scientific permanent fund, and the state university permanent fund 4
shall be allocated to their respective beneficiary accounts.5
(b) Any state agency that has independent authority over accounts 6
or funds not statutorily required to be held in the state treasury 7
that deposits funds into a fund or account in the state treasury 8
pursuant to an agreement with the office of the state treasurer shall 9
receive its proportionate share of earnings based upon each account's 10
or fund's average daily balance for the period. 11
(5) In conformance with Article II, section 37 of the state 12
Constitution, no treasury accounts or funds shall be allocated 13
earnings without the specific affirmative directive of this section.14
Sec. 5. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, 15
2025 c 359 s 13, 2025 c 299 s 22, and 2025 c 228 s 15 are each 16
reenacted and amended to read as follows: 17
(1) All earnings of investments of surplus balances in the state 18
treasury shall be deposited to the treasury income account, which 19
account is hereby established in the state treasury.20
(2) The treasury income account shall be utilized to pay or 21
receive funds associated with federal programs as required by the 22
federal cash management improvement act of 1990. The treasury income 23
account is subject in all respects to chapter 43.88 RCW, but no 24
appropriation is required for refunds or allocations of interest 25
earnings required by the cash management improvement act. Refunds of 26
interest to the federal treasury required under the cash management 27
improvement act fall under RCW 43.88.180 and shall not require 28
appropriation. The office of financial management shall determine the 29
amounts due to or from the federal government pursuant to the cash 30
management improvement act. The office of financial management may 31
direct transfers of funds between accounts as deemed necessary to 32
implement the provisions of the cash management improvement act, and 33
this subsection. Refunds or allocations shall occur prior to the 34
distributions of earnings set forth in subsection (4) of this 35
section. 36
(3) Except for the provisions of RCW 43.84.160, the treasury 37
income account may be utilized for the payment of purchased banking 38
services on behalf of treasury funds including, but not limited to, 39
p. 17 HB 2111
depository, safekeeping, and disbursement functions for the state 1
treasury and affected state agencies. The treasury income account is 2
subject in all respects to chapter 43.88 RCW, but no appropriation is 3
required for payments to financial institutions. Payments shall occur 4
prior to distribution of earnings set forth in subsection (4) of this 5
section. 6
(4) Monthly, the state treasurer shall distribute the earnings 7
credited to the treasury income account. The state treasurer shall 8
credit the general fund with all the earnings credited to the 9
treasury income account except: 10
(a) The following accounts and funds shall receive their 11
proportionate share of earnings based upon each account's and fund's 12
average daily balance for the period: The abandoned recreational 13
vehicle disposal account, the aeronautics account, the Alaskan Way 14
viaduct replacement project account, the budget stabilization 15
account, the capital vessel replacement account, the capitol building 16
construction account, the Central Washington University capital 17
projects account, the charitable, educational, penal and reformatory 18
institutions account, the Chehalis basin account, the Chehalis basin 19
taxable account, the clean fuels credit account, the clean fuels 20
transportation investment account, the cleanup settlement account, 21
the Columbia river basin water supply development account, the 22
Columbia river basin taxable bond water supply development account, 23
the Columbia river basin water supply revenue recovery account, the 24
common school construction fund, the community forest trust account, 25
the connecting Washington account, the county arterial preservation 26
account, the county criminal justice assistance account, the covenant 27
homeownership account, the deferred compensation administrative 28
account, the deferred compensation principal account, the department 29
of licensing services account, the department of retirement systems 30
expense account, the developmental disabilities community services 31
account, the diesel idle reduction account, the opioid abatement 32
settlement account, the drinking water assistance account, the 33
administrative subaccount of the drinking water assistance account, 34
the driver education safety improvement account, the early learning 35
facilities development account, the early learning facilities 36
revolving account, the Eastern Washington University capital projects 37
account, the education legacy trust account, the election account, 38
the electric vehicle account, the energy freedom account, the energy 39
recovery act account, the essential rail assistance account, The 40
p. 18 HB 2111
Evergreen State College capital projects account, the fair start for 1
kids account, the family medicine workforce development account, the 2
ferry bond retirement fund, the fish, wildlife, and conservation 3
account, the freight mobility investment account, the freight 4
mobility multimodal account, the grade crossing protective fund, the 5
higher education retirement plan supplemental benefit fund, the 6
Washington student loan account, the highway bond retirement fund, 7
the highway infrastructure account, the highway safety fund, the 8
hospital safety net assessment fund, the intelligent speed assistance 9
device revolving account, the Interstate 5 bridge replacement project 10
account, Interstate 5 bridge replacement project toll facility bond 11
retirement account, the Interstate 405 and state route number 167 12
express toll lanes account, the judges' retirement account, the 13
judicial retirement administrative account, the judicial retirement 14
principal account, the limited fish and wildlife account, the local 15
leasehold excise tax account, the local real estate excise tax 16
account, the local sales and use tax account, the marine resources 17
stewardship trust account, the medical aid account, the money-18
purchase retirement savings administrative account, the money-19
purchase retirement savings principal account, the motor vehicle 20
fund, the motorcycle safety education account, the move ahead WA 21
account, the move ahead WA flexible account, the multimodal 22
transportation account, the multiuse roadway safety account, the 23
municipal criminal justice assistance account, the oyster reserve 24
land account, the pension funding stabilization account, the 25
perpetual surveillance and maintenance account, the pilotage account, 26
the pollution liability insurance agency underground storage tank 27
revolving account, the medicaid access program account, the public 28
employees' retirement system plan 1 account, the public employees' 29
retirement system combined plan 2 and plan 3 account, the public 30
facilities construction loan revolving account, the public health 31
supplemental account, the public works assistance account, the Puget 32
Sound capital construction account, the Puget Sound ferry operations 33
account, the Puget Sound Gateway facility account, the Puget Sound 34
taxpayer accountability account, the real estate appraiser commission 35
account, the recreational vehicle account, the regional mobility 36
grant program account, the reserve officers' relief and pension 37
principal fund, the resource management cost account, the rural 38
arterial trust account, the rural mobility grant program account, the 39
rural Washington loan fund, the second injury fund, the sexual 40
p. 19 HB 2111
assault prevention and response account, the site closure account, 1
the skilled nursing facility safety net trust fund, the small city 2
pavement and sidewalk account, the special category C account, the 3
special wildlife account, the state hazard mitigation revolving loan 4
account, the state investment board expense account, the state 5
investment board commingled trust fund accounts, the state patrol 6
highway account, the state reclamation revolving account, the state 7
route number 520 civil penalties account, the state route number 520 8
corridor account, the statewide broadband account, the statewide 9
tourism marketing account, the supplemental pension account, the 10
Tacoma Narrows toll bridge account, the teachers' retirement system 11
plan 1 account, the teachers' retirement system combined plan 2 and 12
plan 3 account, the tobacco prevention and control account, the 13
tobacco settlement account, the toll facility bond retirement 14
account, the transportation 2003 account (nickel account), the 15
transportation equipment fund, the JUDY transportation future funding 16
program account, the transportation improvement account, the 17
transportation improvement board bond retirement account, the 18
transportation infrastructure account, the transportation partnership 19
account, the traumatic brain injury account, the tribal opioid 20
prevention and treatment account, the University of Washington bond 21
retirement fund, the University of Washington building account, the 22
voluntary cleanup account, the volunteer firefighters' relief and 23
pension principal fund, the volunteer firefighters' and reserve 24
officers' administrative fund, the vulnerable roadway user education 25
account, the Washington judicial retirement system account, the 26
Washington law enforcement officers' and firefighters' system plan 1 27
retirement account, the Washington law enforcement officers' and 28
firefighters' system plan 2 retirement account, the Washington public 29
safety employees' plan 2 retirement account, the Washington school 30
employees' retirement system combined plan 2 and 3 account, the 31
Washington state patrol retirement account, the Washington State 32
University building account, the Washington State University bond 33
retirement fund, the water pollution control revolving administration 34
account, the water pollution control revolving fund, the Western 35
Washington University capital projects account, the Yakima integrated 36
plan implementation account, the Yakima integrated plan 37
implementation revenue recovery account, and the Yakima integrated 38
plan implementation taxable bond account. Earnings derived from 39
investing balances of the agricultural permanent fund, the normal 40
p. 20 HB 2111
school permanent fund, the permanent common school fund, the 1
scientific permanent fund, and the state university permanent fund 2
shall be allocated to their respective 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. 6. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, 13
2025 c 299 s 22, and 2025 c 228 s 15 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
p. 21 HB 2111
subject in all respects to chapter 43.88 RCW, but no appropriation is 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
p. 22 HB 2111
ferry bond retirement fund, the fish, wildlife, and conservation 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 intelligent speed assistance 7
device revolving account, the Interstate 5 bridge replacement project 8
account, Interstate 5 bridge replacement project toll facility bond 9
retirement account, the Interstate 405 and state route number 167 10
express toll lanes account, the judges' retirement account, the 11
judicial retirement administrative account, the judicial retirement 12
principal account, the limited fish and wildlife account, the local 13
leasehold excise tax account, the local real estate excise tax 14
account, the local sales and use tax account, the marine resources 15
stewardship trust account, the medical aid account, the money-16
purchase retirement savings administrative account, the money-17
purchase retirement savings principal account, the motor vehicle 18
fund, the motorcycle safety education account, the move ahead WA 19
account, the move ahead WA flexible account, the multimodal 20
transportation account, the multiuse roadway safety account, the 21
municipal criminal justice assistance account, the oyster reserve 22
land account, the pension funding stabilization account, the 23
perpetual surveillance and maintenance account, the pilotage account, 24
the pollution liability insurance agency underground storage tank 25
revolving account, the public employees' retirement system plan 1 26
account, the public employees' retirement system combined plan 2 and 27
plan 3 account, the public facilities construction loan revolving 28
account, the public health supplemental account, the public works 29
assistance account, the Puget Sound capital construction account, the 30
Puget Sound ferry operations account, the Puget Sound Gateway 31
facility account, the Puget Sound taxpayer accountability account, 32
the real estate appraiser commission account, the recreational 33
vehicle account, the regional mobility grant program account, the 34
reserve officers' relief and pension principal fund, the resource 35
management cost account, the rural arterial trust account, the rural 36
mobility grant program account, the rural Washington loan fund, the 37
second injury fund, the sexual assault prevention and response 38
account, the site closure account, the skilled nursing facility 39
safety net trust fund, the small city pavement and sidewalk account, 40
p. 23 HB 2111
the special category C account, the special wildlife account, the 1
state hazard mitigation revolving loan account, the state investment 2
board expense account, the state investment board commingled trust 3
fund accounts, the state patrol highway account, the state 4
reclamation revolving account, the state route number 520 civil 5
penalties account, the state route number 520 corridor account, the 6
statewide broadband account, the statewide tourism marketing account, 7
the supplemental pension account, the Tacoma Narrows toll bridge 8
account, the teachers' retirement system plan 1 account, the 9
teachers' retirement system combined plan 2 and plan 3 account, the 10
tobacco prevention and control account, the tobacco settlement 11
account, the toll facility bond retirement account, the 12
transportation 2003 account (nickel account), the transportation 13
equipment fund, the JUDY transportation future funding program 14
account, the transportation improvement account, the transportation 15
improvement board bond retirement account, the transportation 16
infrastructure account, the transportation partnership account, the 17
traumatic brain injury account, the tribal opioid prevention and 18
treatment account, the University of Washington bond retirement fund, 19
the University of Washington building account, the voluntary cleanup 20
account, the volunteer firefighters' relief and pension principal 21
fund, the volunteer firefighters' and reserve officers' 22
administrative fund, the vulnerable roadway user education account, 23
the Washington judicial retirement system account, the Washington law 24
enforcement officers' and firefighters' system plan 1 retirement 25
account, the Washington law enforcement officers' and firefighters' 26
system plan 2 retirement account, the Washington public safety 27
employees' plan 2 retirement account, the Washington school 28
employees' retirement system combined plan 2 and 3 account, the 29
Washington state patrol retirement account, the Washington State 30
University building account, the Washington State University bond 31
retirement fund, the water pollution control revolving administration 32
account, the water pollution control revolving fund, the Western 33
Washington University capital projects account, the Yakima integrated 34
plan implementation account, the Yakima integrated plan 35
implementation revenue recovery account, and the Yakima integrated 36
plan implementation taxable bond account. Earnings derived from 37
investing balances of the agricultural permanent fund, the normal 38
school permanent fund, the permanent common school fund, the 39
p. 24 HB 2111
scientific permanent fund, and the state university permanent fund 1
shall be allocated to their respective beneficiary accounts.2
(b) Any state agency that has independent authority over accounts 3
or funds not statutorily required to be held in the state treasury 4
that deposits funds into a fund or account in the state treasury 5
pursuant to an agreement with the office of the state treasurer shall 6
receive its proportionate share of earnings based upon each account's 7
or fund's average daily balance for the period. 8
(5) In conformance with Article II, section 37 of the state 9
Constitution, no treasury accounts or funds shall be allocated 10
earnings without the specific affirmative directive of this section.11
NEW SECTION. Sec. 7. (1) Section 1 of this act expires the 12
earlier of July 1, 2028, or when RCW 74.76.040 expires.13
(2) Section 2 of this act expires July 1, 2028.14
(3) Section 3 of this act expires the earlier of January 1, 2029, 15
or when RCW 74.76.040 expires. 16
(4) Section 4 of this act expires January 1, 2029.17
(5) Section 5 of this act expires when RCW 74.76.040 expires.18
NEW SECTION. Sec. 8. (1) Section 2 of this act takes effect 19
when RCW 74.76.040 expires.20
(2) Sections 3 and 4 of this act take effect July 1, 2028.21
(3) Sections 5 and 6 of this act take effect January 1, 2029.22
--- END ---
p. 25 HB 2111