Wildfire prevention

AN ACT Relating to wildfire prevention and creating the 1
Washington wildfire prevention and protection council; amending RCW 2
76.04.185 and 80.28.445; reenacting and amending RCW 43.84.092, 3
43.84.092, 43.84.092, 43.84.092, 43.84.092, and 43.84.092; adding a 4
new chapter to Title 76 RCW; providing effective dates; providing a 5
contingent effective date; providing expiration dates; and providing 6
contingent expiration dates. 7
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:8
NEW SECTION. Sec. 1. (1) The legislature finds that the 9
increased cost of catastrophic wildfires poses an immediate and 10
growing threat to communities, infrastructure, and property in all 11
regions of Washington state. Changing climate conditions and 12
development patterns in the wildland urban interface increases both 13
the likelihood and severity of wildfires capable of consuming entire 14
communities in a single event.15
(2) The legislature further finds that the state must enact 16
policies that both mitigate wildfire risk and prepare Washington to 17
respond effectively when catastrophic wildfires occur. The scale and 18
speed of modern wildfire events require proactive planning, financial 19
readiness, and coordinated oversight to protect lives, property, 20
and essential public systems. 21
H-2708.1
HOUSE BILL 2275
State of Washington 69th Legislature 2026 Regular Session
By Representatives Reeves, Springer, Scott, Salahuddin, and Bernbaum
Prefiled 01/06/26. Read first time 01/12/26. Referred to Committee
on Agriculture & Natural Resources.
p. 1 HB 2275
(3) The legislature recognizes that a wildfire prevention and 1
protection fund can support both objectives. Such a fund can provide 2
justice for wildfire victims by creating a reliable 3
and timely pathway to compensation when catastrophic losses occur. 4
The legislature finds that victims of catastrophic wildfires are 5
diverse and include tribal governments, local governments, timberland 6
owners, homeowners, renters, and small businesses; many of whom lose 7
not only property but housing, livelihoods, and community stability. 8
All stand to benefit from the existence of a predictable, well-9
structured fund. 10
(4) The legislature further finds that the fund should also 11
support wildfire mitigation, prevention, and resilience efforts. 12
Investment revenue generated by the fund may be used to restore 13
forest health, reduce hazardous fuels, and help vulnerable 14
communities harden through measures such as forest health practices 15
and vegetation management, defensible space, and removal of burnable 16
material around homes and critical infrastructure. These investments 17
reduce future wildfire risk and lessen the severity of catastrophic 18
events. 19
(5) The legislature acknowledges that electric utilities are not 20
the sole cause of wildfires, but utility-related ignitions can result 21
in some of the most destructive and costly wildfire events. 22
The magnitude of potential liability from such events threatens 23
utility solvency, destabilizes insurance markets, increases costs for 24
consumers, and jeopardizes the reliability of essential energy 25
infrastructure. The legislature therefore intends that the fund also 26
supports utility financial stability, protects ratepayers from 27
extreme cost shocks, and helps maintain affordable 28
and reliable service for Washington consumers. 29
(6) The legislature further finds that Washington cannot rely 30
solely on the federal government to respond to catastrophic wildfires 31
that destroy entire communities. Federal assistance may be delayed or 32
insufficient to address the full scope of losses experienced by 33
victims and local governments. The state must establish its own 34
capacity to respond decisively to catastrophic events.35
(7) The legislature therefore intends to establish a wildfire 36
prevention and protection fund as part of a comprehensive 37
wildfire resilience strategy that: 38
(a) Provides timely and equitable compensation to victims of 39
catastrophic wildfires; 40
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(b) Supports mitigation, prevention, and infrastructure hardening 1
to reduce future wildfire risk; 2
(c) Preserves the financial stability of essential utilities and 3
protects consumers from excessive rate and insurance impacts; and4
(d) Creates a flexible framework capable of evolving as wildfire 5
risk, climate conditions, and best practices change over time.6
(8) The legislature further intends to establish a wildfire 7
protection and prevention council to oversee the fund, guide 8
investment and mitigation priorities, and take other necessary 9
actions to protect the state from wildfire risk. The council shall 10
promote accountability, transparency, and coordination across 11
agencies, utilities, local governments, tribes, and 12
affected communities. By establishing this framework, the legislature 13
takes a measured and forward-looking step to address the reality of 14
catastrophic wildfire risk while advancing justice for victims, 15
strengthening prevention and mitigation efforts, protecting 16
consumers, and safeguarding Washington's long-term economic and 17
environmental health. 18
NEW SECTION. Sec. 2. The definitions in this section apply 19
throughout this chapter unless the context clearly requires 20
otherwise.21
(1) "Administrator" means the fund administrator selected by the 22
commission. 23
(2) "Consumer-owned utility" has the same meaning as in RCW 24
19.29A.010. 25
(3) "Council" means the Washington wildfire prevention and 26
protection council. 27
(4) "Covered wildfire" means any wildfire that is caused by an 28
electric utility's negligence. 29
(5) "Department" means the department of natural resources, or 30
its authorized representatives, as defined in chapter 43.30 RCW.31
(6) "Electric utility" means an electrical company or a consumer-32
owned utility. 33
(7) "Electrical company" has the same meaning as in RCW 34
80.04.010. 35
(8) "Fund" means the wildfire prevention and protection fund.36
(9) "Fund contribution" means a one-time payment to be made by 37
each electrical company to the fund. 38
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(10) "High risk customer" means an electric utility customer in a 1
service territory that has been designated by the department under 2
RCW 43.30.580 or by the United States forest service as having a high 3
wildfire hazard potential. 4
(11) "Participating electric utility" means an electric utility 5
that has satisfied the eligibility requirements of the fund.6
(12) "Wildfire fund annual contribution" means the annual 7
contribution that participating electric utilities must pay to the 8
administrator for deposit in the fund. 9
NEW SECTION. Sec. 3. (1) The Washington wildfire prevention and 10
protection council is established to implement and administer the 11
fund. The council's primary responsibilities consist of:12
(a) Oversight and guidance of the fund; 13
(b) Selecting and directing an administrator for the fund to 14
oversee operations; 15
(c) Setting and collecting a fund contribution that would 16
establish a balance sufficient to implement and administer the fund 17
through the first full fiscal year of operation; 18
(d) Setting and collecting the wildfire surcharge for 19
participating electric utilities under section 4(3) of this act;20
(e) Providing recommendations to the legislature on the structure 21
of the fund and any potential improvements, as appropriate.22
(2) The council shall consist of 15 members and be comprised of 23
the following members: 24
(a) One representative from each of the following:25
(i) The department, appointed by the commissioner of public 26
lands; 27
(ii) The utilities and transportation commission, appointed by 28
the chair of the utilities and transportation commission;29
(iii) The office of the insurance commissioner, appointed by the 30
insurance commissioner; 31
(iv) The office of the state treasurer, appointed by the state 32
treasurer; 33
(v) The office of the governor, appointed by the governor;34
(vi) Tribal governments, appointed by the board of natural 35
resources; 36
(vii) The energy resilience and emergency management office of 37
the department of commerce, appointed by the director of the 38
department of commerce; 39
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(viii) Investor-owned utilities, appointed by the board of 1
natural resources; 2
(ix) Rural electric cooperatives, appointed by the board of 3
natural resources; 4
(x) Public utility districts, appointed by the board of natural 5
resources; and 6
(xi) The public, appointed by the board of natural resources;7
(b) Two members from the senate, with one member appointed from 8
each of the two largest caucuses in the senate by the president of 9
the senate; and 10
(c) Two members from the house of representatives, with one 11
member appointed from each of the two largest caucuses in the house 12
of representatives by the speaker of the house. 13
(3) The members of the council shall select a chair and vice 14
chair from the members representing a state agency or tribal 15
government. 16
(4) The members of the council may receive reimbursement for 17
travel expenses in accordance with RCW 43.03.050 and 43.03.060, and 18
are eligible for compensation under RCW 43.03.250.19
(5) The council shall meet as often as necessary at the call of 20
the chair or by vote of the council, but not less than quarterly. A 21
majority vote of the members of the council is required for any vote 22
or official action by the council. 23
(6) The council shall direct the administrator to prepare and 24
present for approval a plan of operations related to the operations, 25
management, and administration of the fund on an annual basis. At 26
least annually, the council shall direct the administrator to present 27
the plan of operations to the appropriate policy committees of the 28
legislature. The plan shall include, but not be limited to, reporting 29
on the fund assets, projections for the durability of the fund, the 30
success of the fund, and whether or not the fund is serving its 31
purpose. 32
(7) The department shall provide secretarial and administrative 33
services for the council and shall serve as custodian of the records.34
NEW SECTION. Sec. 4. (1) There is established a fund for the 35
purposes of reimbursing eligible claims paid by electrical companies 36
and consumer-owned utilities for damages that resulted from a covered 37
wildfire. Electrical companies must participate in the fund and pay 38
the fund contribution set by the council under section 3 (1)(c) of 39
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this act. Consumer-owned utilities may elect to participate in the 1
fund. All electric utilities participating in the fund must comply 2
with the requirements of this section to maintain eligibility for 3
disbursements from the fund. 4
(2) To maintain eligibility for the fund, a participating 5
electric utility must: 6
(a) Remit to the administrator of the wildfire fund an annual 7
contribution set by the council. A participating electric utility may 8
collect a surcharge from its customers to cover the cost of the 9
wildfire fund annual contribution in the form of a cost recovery 10
rider, provided that it provides a discounted rate to low-income 11
customers consistent with RCW 80.28.068; 12
(b) Comply with the utility's submitted and approved wildfire 13
mitigation plan. Submission and approval of an electrical company's 14
wildfire mitigation plan shall be consistent with RCW 80.28.445. For 15
consumer-owned utilities, wildfire mitigation plans created 16
consistent with RCW 19.29A.170 must be submitted to the council for 17
approval; and 18
(c) Maintain commercially reasonable wildfire insurance coverage.19
(3) The council shall annually review and set the:20
(a) Wildfire surcharge for each participating electric utility. 21
The council may set the surcharge for participating consumer-owned 22
utilities at a lower rate than electrical companies. In setting the 23
surcharge, the council must consider the: 24
(i) Balance of the fund and a fund reserve level sufficient to 25
support: 26
(A) The expected liabilities of the fund over the current and 27
next fiscal biennium; and 28
(B) The administration of the fund; 29
(ii) Market share of each participating electric utility; and30
(iii) Number of customers and high risk customers of each 31
participating utility; 32
(b) Damages threshold for fund eligibility for each participating 33
electric utility, based on the number of high risk customers the 34
utility serves and the miles of transmission lines the utility owns 35
and operates. The damages threshold shall be the amount of damages 36
from a covered wildfire for which each participating electric utility 37
is responsible before it can seek reimbursement from the fund. Once 38
the damages for a covered wildfire surpass this amount, the 39
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participating electric utility can seek reimbursement from the 1
administrator for excess liabilities that surpass the threshold.2
(4) To be eligible for payment under this section, a claim must:3
(a) Be made by an electric utility meeting the eligibility 4
requirements of this section; 5
(b) Be for third-party damages against the electric utility;6
(c) Result from a covered wildfire that occurred after July 1, 7
2021; and 8
(d) Exceed the electric utility's damages threshold.9
(5) The payment of a claim under this section is conditional on 10
the availability of specific funding for this purpose, and nothing in 11
this section shall be construed to create an entitlement to 12
reimbursement or payment of any claim. The total amount paid for 13
claims may not exceed the amounts available in the account 14
established in subsection (6) of this section. 15
(6)(a) The wildfire prevention and protection account is created 16
in the state treasury. All moneys received by the administrator from 17
participating electric utilities must be deposited into the account. 18
Expenditures from the account may be used only for payments of claims 19
to electric utilities pursuant to and for the administration of the 20
fund, including expenses incurred under sections 3, 5, and 13 of this 21
act. Only the administrator or the administrator's designee may 22
authorize expenditures from the account. The account is subject to 23
allotment procedures under chapter 43.88 RCW. An appropriation is 24
required for administrative expenses, but not for payments of claims.25
(b) Investment earnings received by the wildfire prevention and 26
protection account shall be transferred to the wildfire response, 27
forest restoration, and community resilience account in RCW 76.04.511 28
at least annually. 29
(c) On the last business day of June of each year, the state 30
treasurer, based upon information provided by the department, must 31
transfer from the wildfire prevention and protection account to the 32
wildfire response, forest restoration, and community resilience 33
account in RCW 76.04.511 a sum equal to the investment earnings 34
received by the wildfire prevention and protection account posted 35
during the current fiscal year. 36
(7) The council may adopt rules to implement this section. Any 37
rules adopted under this section must be made publicly available on 38
the website of the department. 39
p. 7 HB 2275
NEW SECTION. Sec. 5. (1) The administrator shall carry out the 1
duties of the council in administering the fund and may, subject to 2
the approval of the council:3
(a) Retain, employ, or contract with officers, experts, 4
employees, accountants, actuaries, financial professionals, and other 5
executives, advisers, consultants, attorneys, and professionals as 6
may be necessary in the administrator's judgment for the efficient 7
operation and administration of the fund; 8
(b) Receive and deposit in the fund any remitted fund 9
contributions and wildfire fund annual contributions;10
(c) Enter into contracts and other obligations relating to the 11
operation, management, and administration of the fund;12
(d) Review and approve claims and provide funds to the 13
participating electric utilities for the purposes of paying eligible 14
claims, in accordance with section 4 of this act; 15
(e) Buy insurance or take other actions to maximize the claims 16
paying resources of the fund; 17
(f) Pay costs, expenses, and other obligations of the fund;18
(g) Take any actions necessary to collect any amounts owing to 19
the fund from participating electric utilities; 20
(h) Require repayment of any funds disbursed to an electric 21
utility for claims related to a covered wildfire for which the 22
utility acted with gross negligence, willfulness, or intentionality 23
as determined in a finding by a court of law after 24
a final disposition of the case has been reached; 25
(i) Undertake such other activities as are related to the 26
operation, management, and administration of the fund, as approved by 27
the council. 28
(2) The salary of the administrator shall be set by the council 29
in accordance with RCW 43.03.040. The administrator is a state 30
employee for purposes of chapter 42.52 RCW. 31
NEW SECTION. Sec. 6. (1) The state shall have no liability for 32
payment of claims in excess of funds available and any of the funds 33
of the state shall have no obligations whatsoever for payment of 34
claims or costs arising from this chapter.35
(2) The council is not liable for the implementation of a 36
wildfire mitigation plan by an electric utility. There is no 37
liability on the part of, and no cause of action of any nature may 38
arise against, the state, council, council members, council staff, or 39
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council representatives, agents, or consultants for the death of or 1
injury to persons, or property damage, for any action taken by them 2
in the performance of their powers and duties exercised under this 3
chapter. 4
Sec. 7. RCW 43.84.092 and 2025 c 417 s 802, 2025 c 399 s 15, 5
2025 c 359 s 12, and 2025 c 299 s 21 are each reenacted and amended 6
to read as follows: 7
(1) All earnings of investments of surplus balances in the state 8
treasury shall be deposited to the treasury income account, which 9
account is hereby established in the state treasury.10
(2) The treasury income account shall be utilized to pay or 11
receive funds associated with federal programs as required by the 12
federal cash management improvement act of 1990. The treasury income 13
account is subject in all respects to chapter 43.88 RCW, but no 14
appropriation is required for refunds or allocations of interest 15
earnings required by the cash management improvement act. Refunds of 16
interest to the federal treasury required under the cash management 17
improvement act fall under RCW 43.88.180 and shall not require 18
appropriation. The office of financial management shall determine the 19
amounts due to or from the federal government pursuant to the cash 20
management improvement act. The office of financial management may 21
direct transfers of funds between accounts as deemed necessary to 22
implement the provisions of the cash management improvement act, and 23
this subsection. Refunds or allocations shall occur prior to the 24
distributions of earnings set forth in subsection (4) of this 25
section. 26
(3) Except for the provisions of RCW 43.84.160, the treasury 27
income account may be utilized for the payment of purchased banking 28
services on behalf of treasury funds including, but not limited to, 29
depository, safekeeping, and disbursement functions for the state 30
treasury and affected state agencies. The treasury income account is 31
subject in all respects to chapter 43.88 RCW, but no appropriation is 32
required for payments to financial institutions. Payments shall occur 33
prior to distribution of earnings set forth in subsection (4) of this 34
section. 35
(4) Monthly, the state treasurer shall distribute the earnings 36
credited to the treasury income account. The state treasurer shall 37
credit the general fund with all the earnings credited to the 38
treasury income account except: 39
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(a) The following accounts and funds shall receive their 1
proportionate share of earnings based upon each account's and fund's 2
average daily balance for the period: The abandoned recreational 3
vehicle disposal account, the aeronautics account, the Alaskan Way 4
viaduct replacement project account, the ambulance transport fund, 5
the budget stabilization account, the capital vessel replacement 6
account, the capitol building construction account, the Central 7
Washington University capital projects account, the charitable, 8
educational, penal and reformatory institutions account, the Chehalis 9
basin account, the Chehalis basin taxable account, the clean fuels 10
credit account, the clean fuels transportation investment account, 11
the cleanup settlement account, the Columbia river basin water supply 12
development account, the Columbia river basin taxable bond water 13
supply development account, the Columbia river basin water supply 14
revenue recovery account, the common school construction fund, the 15
community forest trust account, the connecting Washington account, 16
the county arterial preservation account, the county criminal justice 17
assistance account, the covenant homeownership account, the deferred 18
compensation administrative account, the deferred compensation 19
principal account, the department of licensing services account, the 20
department of retirement systems expense account, the developmental 21
disabilities community services account, the diesel idle reduction 22
account, the opioid abatement settlement account, the drinking water 23
assistance account, the administrative subaccount of the drinking 24
water assistance account, the driver education safety improvement 25
account, the early learning facilities development account, the early 26
learning facilities revolving account, the Eastern Washington 27
University capital projects account, the education legacy trust 28
account, the election account, the electric vehicle account, the 29
energy freedom account, the energy recovery act account, the 30
essential rail assistance account, The Evergreen State College 31
capital projects account, the fair start for kids account, the family 32
medicine workforce development account, the ferry bond retirement 33
fund, the fish, wildlife, and conservation account, the freight 34
mobility investment account, the freight mobility multimodal account, 35
the grade crossing protective fund, the higher education retirement 36
plan supplemental benefit fund, the Washington student loan account, 37
the highway bond retirement fund, the highway infrastructure account, 38
the highway safety fund, the hospital safety net assessment fund, the 39
Interstate 5 bridge replacement project account, the Interstate 405 40
p. 10 HB 2275
and state route number 167 express toll lanes account, the judges' 1
retirement account, the judicial retirement administrative account, 2
the judicial retirement principal account, the limited fish and 3
wildlife account, the local leasehold excise tax account, the local 4
real estate excise tax account, the local sales and use tax account, 5
the marine resources stewardship trust account, the medical aid 6
account, the money-purchase retirement savings administrative 7
account, the money-purchase retirement savings principal account, the 8
motor vehicle fund, the motorcycle safety education account, the move 9
ahead WA account, the move ahead WA flexible account, the multimodal 10
transportation account, the multiuse roadway safety account, the 11
municipal criminal justice assistance account, the oyster reserve 12
land account, the pension funding stabilization account, the 13
perpetual surveillance and maintenance account, the pilotage account, 14
the pollution liability insurance agency underground storage tank 15
revolving account, the medicaid access program account, the public 16
employees' retirement system plan 1 account, the public employees' 17
retirement system combined plan 2 and plan 3 account, the public 18
facilities construction loan revolving account, the public health 19
supplemental account, the public works assistance account, the Puget 20
Sound capital construction account, the Puget Sound ferry operations 21
account, the Puget Sound Gateway facility account, the Puget Sound 22
taxpayer accountability account, the real estate appraiser commission 23
account, the recreational vehicle account, the regional mobility 24
grant program account, the reserve officers' relief and pension 25
principal fund, the resource management cost account, the rural 26
arterial trust account, the rural mobility grant program account, the 27
rural Washington loan fund, the second injury fund, the sexual 28
assault prevention and response account, the site closure account, 29
the skilled nursing facility safety net trust fund, the small city 30
pavement and sidewalk account, the special category C account, the 31
special wildlife account, the state hazard mitigation revolving loan 32
account, the state investment board expense account, the state 33
investment board commingled trust fund accounts, the state patrol 34
highway account, the state reclamation revolving account, the state 35
route number 520 civil penalties account, the state route number 520 36
corridor account, the statewide broadband account, the statewide 37
tourism marketing account, the supplemental pension account, the 38
Tacoma Narrows toll bridge account, the teachers' retirement system 39
plan 1 account, the teachers' retirement system combined plan 2 and 40
p. 11 HB 2275
plan 3 account, the tobacco prevention and control account, the 1
tobacco settlement account, the toll facility bond retirement 2
account, the transportation 2003 account (nickel account), the 3
transportation equipment fund, the JUDY transportation future funding 4
program account, the transportation improvement account, the 5
transportation improvement board bond retirement account, the 6
transportation infrastructure account, the transportation partnership 7
account, the traumatic brain injury account, the tribal opioid 8
prevention and treatment account, the University of Washington bond 9
retirement fund, the University of Washington building account, the 10
voluntary cleanup account, the volunteer firefighters' relief and 11
pension principal fund, the volunteer firefighters' and reserve 12
officers' administrative fund, the vulnerable roadway user education 13
account, the Washington judicial retirement system account, the 14
Washington law enforcement officers' and firefighters' system plan 1 15
retirement account, the Washington law enforcement officers' and 16
firefighters' system plan 2 retirement account, the Washington public 17
safety employees' plan 2 retirement account, the Washington school 18
employees' retirement system combined plan 2 and 3 account, the 19
Washington state patrol retirement account, the Washington State 20
University building account, the Washington State University bond 21
retirement fund, the water pollution control revolving administration 22
account, the water pollution control revolving fund, the Western 23
Washington University capital projects account, the wildfire 24
prevention and protection account, the Yakima integrated plan 25
implementation account, the Yakima integrated plan implementation 26
revenue recovery account, and the Yakima integrated plan 27
implementation taxable bond account. Earnings derived from investing 28
balances of the agricultural permanent fund, the normal school 29
permanent fund, the permanent common school fund, the scientific 30
permanent fund, and the state university permanent fund shall be 31
allocated to their respective beneficiary accounts.32
(b) Any state agency that has independent authority over accounts 33
or funds not statutorily required to be held in the state treasury 34
that deposits funds into a fund or account in the state treasury 35
pursuant to an agreement with the office of the state treasurer shall 36
receive its proportionate share of earnings based upon each account's 37
or fund's average daily balance for the period. 38
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(5) In conformance with Article II, section 37 of the state 1
Constitution, no treasury accounts or funds shall be allocated 2
earnings without the specific affirmative directive of this section.3
Sec. 8. RCW 43.84.092 and 2025 c 417 s 802, 2025 c 399 s 15, and 4
2025 c 299 s 21 are each reenacted and amended to read as follows:5
(1) All earnings of investments of surplus balances in the state 6
treasury shall be deposited to the treasury income account, which 7
account is hereby established in the state treasury.8
(2) The treasury income account shall be utilized to pay or 9
receive funds associated with federal programs as required by the 10
federal cash management improvement act of 1990. The treasury income 11
account is subject in all respects to chapter 43.88 RCW, but no 12
appropriation is required for refunds or allocations of interest 13
earnings required by the cash management improvement act. Refunds of 14
interest to the federal treasury required under the cash management 15
improvement act fall under RCW 43.88.180 and shall not require 16
appropriation. The office of financial management shall determine the 17
amounts due to or from the federal government pursuant to the cash 18
management improvement act. The office of financial management may 19
direct transfers of funds between accounts as deemed necessary to 20
implement the provisions of the cash management improvement act, and 21
this subsection. Refunds or allocations shall occur prior to the 22
distributions of earnings set forth in subsection (4) of this 23
section. 24
(3) Except for the provisions of RCW 43.84.160, the treasury 25
income account may be utilized for the payment of purchased banking 26
services on behalf of treasury funds including, but not limited to, 27
depository, safekeeping, and disbursement functions for the state 28
treasury and affected state agencies. The treasury income account is 29
subject in all respects to chapter 43.88 RCW, but no appropriation is 30
required for payments to financial institutions. Payments shall occur 31
prior to distribution of earnings set forth in subsection (4) of this 32
section. 33
(4) Monthly, the state treasurer shall distribute the earnings 34
credited to the treasury income account. The state treasurer shall 35
credit the general fund with all the earnings credited to the 36
treasury income account except: 37
(a) The following accounts and funds shall receive their 38
proportionate share of earnings based upon each account's and fund's 39
p. 13 HB 2275
average daily balance for the period: The abandoned recreational 1
vehicle disposal account, the aeronautics account, the Alaskan Way 2
viaduct replacement project account, the ambulance transport fund, 3
the budget stabilization account, the capital vessel replacement 4
account, the capitol building construction account, the Central 5
Washington University capital projects account, the charitable, 6
educational, penal and reformatory institutions account, the Chehalis 7
basin account, the Chehalis basin taxable account, the clean fuels 8
credit account, the clean fuels transportation investment account, 9
the cleanup settlement account, the Columbia river basin water supply 10
development account, the Columbia river basin taxable bond water 11
supply development account, the Columbia river basin water supply 12
revenue recovery account, the common school construction fund, the 13
community forest trust account, the connecting Washington account, 14
the county arterial preservation account, the county criminal justice 15
assistance account, the covenant homeownership account, the deferred 16
compensation administrative account, the deferred compensation 17
principal account, the department of licensing services account, the 18
department of retirement systems expense account, the developmental 19
disabilities community services account, the diesel idle reduction 20
account, the opioid abatement settlement account, the drinking water 21
assistance account, the administrative subaccount of the drinking 22
water assistance account, the driver education safety improvement 23
account, the early learning facilities development account, the early 24
learning facilities revolving account, the Eastern Washington 25
University capital projects account, the education legacy trust 26
account, the election account, the electric vehicle account, the 27
energy freedom account, the energy recovery act account, the 28
essential rail assistance account, The Evergreen State College 29
capital projects account, the fair start for kids account, the family 30
medicine workforce development account, the ferry bond retirement 31
fund, the fish, wildlife, and conservation account, the freight 32
mobility investment account, the freight mobility multimodal account, 33
the grade crossing protective fund, the higher education retirement 34
plan supplemental benefit fund, the Washington student loan account, 35
the highway bond retirement fund, the highway infrastructure account, 36
the highway safety fund, the hospital safety net assessment fund, the 37
Interstate 5 bridge replacement project account, the Interstate 405 38
and state route number 167 express toll lanes account, the judges' 39
retirement account, the judicial retirement administrative account, 40
p. 14 HB 2275
the judicial retirement principal account, the limited fish and 1
wildlife account, the local leasehold excise tax account, the local 2
real estate excise tax account, the local sales and use tax account, 3
the marine resources stewardship trust account, the medical aid 4
account, the money-purchase retirement savings administrative 5
account, the money-purchase retirement savings principal account, the 6
motor vehicle fund, the motorcycle safety education account, the move 7
ahead WA account, the move ahead WA flexible account, the multimodal 8
transportation account, the multiuse roadway safety account, the 9
municipal criminal justice assistance account, the oyster reserve 10
land account, the pension funding stabilization account, the 11
perpetual surveillance and maintenance account, the pilotage account, 12
the pollution liability insurance agency underground storage tank 13
revolving account, the public employees' retirement system plan 1 14
account, the public employees' retirement system combined plan 2 and 15
plan 3 account, the public facilities construction loan revolving 16
account, the public health supplemental account, the public works 17
assistance account, the Puget Sound capital construction account, the 18
Puget Sound ferry operations account, the Puget Sound Gateway 19
facility account, the Puget Sound taxpayer accountability account, 20
the real estate appraiser commission account, the recreational 21
vehicle account, the regional mobility grant program account, the 22
reserve officers' relief and pension principal fund, the resource 23
management cost account, the rural arterial trust account, the rural 24
mobility grant program account, the rural Washington loan fund, the 25
second injury fund, the sexual assault prevention and response 26
account, the site closure account, the skilled nursing facility 27
safety net trust fund, the small city pavement and sidewalk account, 28
the special category C account, the special wildlife account, the 29
state hazard mitigation revolving loan account, the state investment 30
board expense account, the state investment board commingled trust 31
fund accounts, the state patrol highway account, the state 32
reclamation revolving account, the state route number 520 civil 33
penalties account, the state route number 520 corridor account, the 34
statewide broadband account, the statewide tourism marketing account, 35
the supplemental pension account, the Tacoma Narrows toll bridge 36
account, the teachers' retirement system plan 1 account, the 37
teachers' retirement system combined plan 2 and plan 3 account, the 38
tobacco prevention and control account, the tobacco settlement 39
account, the toll facility bond retirement account, the 40
p. 15 HB 2275
transportation 2003 account (nickel account), the transportation 1
equipment fund, the JUDY transportation future funding program 2
account, the transportation improvement account, the transportation 3
improvement board bond retirement account, the transportation 4
infrastructure account, the transportation partnership account, the 5
traumatic brain injury account, the tribal opioid prevention and 6
treatment account, the University of Washington bond retirement fund, 7
the University of Washington building account, the voluntary cleanup 8
account, the volunteer firefighters' relief and pension principal 9
fund, the volunteer firefighters' and reserve officers' 10
administrative fund, the vulnerable roadway user education account, 11
the Washington judicial retirement system account, the Washington law 12
enforcement officers' and firefighters' system plan 1 retirement 13
account, the Washington law enforcement officers' and firefighters' 14
system plan 2 retirement account, the Washington public safety 15
employees' plan 2 retirement account, the Washington school 16
employees' retirement system combined plan 2 and 3 account, the 17
Washington state patrol retirement account, the Washington State 18
University building account, the Washington State University bond 19
retirement fund, the water pollution control revolving administration 20
account, the water pollution control revolving fund, the Western 21
Washington University capital projects account, the wildfire 22
prevention and protection account, the Yakima integrated plan 23
implementation account, the Yakima integrated plan implementation 24
revenue recovery account, and the Yakima integrated plan 25
implementation taxable bond account. Earnings derived from investing 26
balances of the agricultural permanent fund, the normal school 27
permanent fund, the permanent common school fund, the scientific 28
permanent fund, and the state university permanent fund shall be 29
allocated to their respective beneficiary accounts.30
(b) Any state agency that has independent authority over accounts 31
or funds not statutorily required to be held in the state treasury 32
that deposits funds into a fund or account in the state treasury 33
pursuant to an agreement with the office of the state treasurer shall 34
receive its proportionate share of earnings based upon each account's 35
or fund's average daily balance for the period. 36
(5) In conformance with Article II, section 37 of the state 37
Constitution, no treasury accounts or funds shall be allocated 38
earnings without the specific affirmative directive of this section.39
p. 16 HB 2275
Sec. 9. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, 1
2025 c 359 s 13, and 2025 c 299 s 22 are each reenacted and amended 2
to read as follows: 3
(1) All earnings of investments of surplus balances in the state 4
treasury shall be deposited to the treasury income account, which 5
account is hereby established in the state treasury.6
(2) The treasury income account shall be utilized to pay or 7
receive funds associated with federal programs as required by the 8
federal cash management improvement act of 1990. The treasury income 9
account is subject in all respects to chapter 43.88 RCW, but no 10
appropriation is required for refunds or allocations of interest 11
earnings required by the cash management improvement act. Refunds of 12
interest to the federal treasury required under the cash management 13
improvement act fall under RCW 43.88.180 and shall not require 14
appropriation. The office of financial management shall determine the 15
amounts due to or from the federal government pursuant to the cash 16
management improvement act. The office of financial management may 17
direct transfers of funds between accounts as deemed necessary to 18
implement the provisions of the cash management improvement act, and 19
this subsection. Refunds or allocations shall occur prior to the 20
distributions of earnings set forth in subsection (4) of this 21
section. 22
(3) Except for the provisions of RCW 43.84.160, the treasury 23
income account may be utilized for the payment of purchased banking 24
services on behalf of treasury funds including, but not limited to, 25
depository, safekeeping, and disbursement functions for the state 26
treasury and affected state agencies. The treasury income account is 27
subject in all respects to chapter 43.88 RCW, but no appropriation is 28
required for payments to financial institutions. Payments shall occur 29
prior to distribution of earnings set forth in subsection (4) of this 30
section. 31
(4) Monthly, the state treasurer shall distribute the earnings 32
credited to the treasury income account. The state treasurer shall 33
credit the general fund with all the earnings credited to the 34
treasury income account except: 35
(a) The following accounts and funds shall receive their 36
proportionate share of earnings based upon each account's and fund's 37
average daily balance for the period: The abandoned recreational 38
vehicle disposal account, the aeronautics account, the Alaskan Way 39
viaduct replacement project account, the budget stabilization 40
p. 17 HB 2275
account, the capital vessel replacement account, the capitol building 1
construction account, the Central Washington University capital 2
projects account, the charitable, educational, penal and reformatory 3
institutions account, the Chehalis basin account, the Chehalis basin 4
taxable account, the clean fuels credit account, the clean fuels 5
transportation investment account, the cleanup settlement account, 6
the Columbia river basin water supply development account, the 7
Columbia river basin taxable bond water supply development account, 8
the Columbia river basin water supply revenue recovery account, the 9
common school construction fund, the community forest trust account, 10
the connecting Washington account, the county arterial preservation 11
account, the county criminal justice assistance account, the covenant 12
homeownership account, the deferred compensation administrative 13
account, the deferred compensation principal account, the department 14
of licensing services account, the department of retirement systems 15
expense account, the developmental disabilities community services 16
account, the diesel idle reduction account, the opioid abatement 17
settlement account, the drinking water assistance account, the 18
administrative subaccount of the drinking water assistance account, 19
the driver education safety improvement account, the early learning 20
facilities development account, the early learning facilities 21
revolving account, the Eastern Washington University capital projects 22
account, the education legacy trust account, the election account, 23
the electric vehicle account, the energy freedom account, the energy 24
recovery act account, the essential rail assistance account, The 25
Evergreen State College capital projects account, the fair start for 26
kids account, the family medicine workforce development account, the 27
ferry bond retirement fund, the fish, wildlife, and conservation 28
account, the freight mobility investment account, the freight 29
mobility multimodal account, the grade crossing protective fund, the 30
higher education retirement plan supplemental benefit fund, the 31
Washington student loan account, the highway bond retirement fund, 32
the highway infrastructure account, the highway safety fund, the 33
hospital safety net assessment fund, the Interstate 5 bridge 34
replacement project account, the Interstate 405 and state route 35
number 167 express toll lanes account, the judges' retirement 36
account, the judicial retirement administrative account, the judicial 37
retirement principal account, the limited fish and wildlife account, 38
the local leasehold excise tax account, the local real estate excise 39
tax account, the local sales and use tax account, the marine 40
p. 18 HB 2275
resources stewardship trust account, the medical aid account, the 1
money-purchase retirement savings administrative account, the money-2
purchase retirement savings principal account, the motor vehicle 3
fund, the motorcycle safety education account, the move ahead WA 4
account, the move ahead WA flexible account, the multimodal 5
transportation account, the multiuse roadway safety account, the 6
municipal criminal justice assistance account, the oyster reserve 7
land account, the pension funding stabilization account, the 8
perpetual surveillance and maintenance account, the pilotage account, 9
the pollution liability insurance agency underground storage tank 10
revolving account, the medicaid access program account, the public 11
employees' retirement system plan 1 account, the public employees' 12
retirement system combined plan 2 and plan 3 account, the public 13
facilities construction loan revolving account, the public health 14
supplemental account, the public works assistance account, the Puget 15
Sound capital construction account, the Puget Sound ferry operations 16
account, the Puget Sound Gateway facility account, the Puget Sound 17
taxpayer accountability account, the real estate appraiser commission 18
account, the recreational vehicle account, the regional mobility 19
grant program account, the reserve officers' relief and pension 20
principal fund, the resource management cost account, the rural 21
arterial trust account, the rural mobility grant program account, the 22
rural Washington loan fund, the second injury fund, the sexual 23
assault prevention and response account, the site closure account, 24
the skilled nursing facility safety net trust fund, the small city 25
pavement and sidewalk account, the special category C account, the 26
special wildlife account, the state hazard mitigation revolving loan 27
account, the state investment board expense account, the state 28
investment board commingled trust fund accounts, the state patrol 29
highway account, the state reclamation revolving account, the state 30
route number 520 civil penalties account, the state route number 520 31
corridor account, the statewide broadband account, the statewide 32
tourism marketing account, the supplemental pension account, the 33
Tacoma Narrows toll bridge account, the teachers' retirement system 34
plan 1 account, the teachers' retirement system combined plan 2 and 35
plan 3 account, the tobacco prevention and control account, the 36
tobacco settlement account, the toll facility bond retirement 37
account, the transportation 2003 account (nickel account), the 38
transportation equipment fund, the JUDY transportation future funding 39
program account, the transportation improvement account, the 40
p. 19 HB 2275
transportation improvement board bond retirement account, the 1
transportation infrastructure account, the transportation partnership 2
account, the traumatic brain injury account, the tribal opioid 3
prevention and treatment account, the University of Washington bond 4
retirement fund, the University of Washington building account, the 5
voluntary cleanup account, the volunteer firefighters' relief and 6
pension principal fund, the volunteer firefighters' and reserve 7
officers' administrative fund, the vulnerable roadway user education 8
account, the Washington judicial retirement system account, the 9
Washington law enforcement officers' and firefighters' system plan 1 10
retirement account, the Washington law enforcement officers' and 11
firefighters' system plan 2 retirement account, the Washington public 12
safety employees' plan 2 retirement account, the Washington school 13
employees' retirement system combined plan 2 and 3 account, the 14
Washington state patrol retirement account, the Washington State 15
University building account, the Washington State University bond 16
retirement fund, the water pollution control revolving administration 17
account, the water pollution control revolving fund, the Western 18
Washington University capital projects account, the wildfire 19
prevention and protection account, the Yakima integrated plan 20
implementation account, the Yakima integrated plan implementation 21
revenue recovery account, and the Yakima integrated plan 22
implementation taxable bond account. Earnings derived from investing 23
balances of the agricultural permanent fund, the normal school 24
permanent fund, the permanent common school fund, the scientific 25
permanent fund, and the state university permanent fund shall be 26
allocated to their respective beneficiary accounts.27
(b) Any state agency that has independent authority over accounts 28
or funds not statutorily required to be held in the state treasury 29
that deposits funds into a fund or account in the state treasury 30
pursuant to an agreement with the office of the state treasurer shall 31
receive its proportionate share of earnings based upon each account's 32
or fund's average daily balance for the period. 33
(5) In conformance with Article II, section 37 of the state 34
Constitution, no treasury accounts or funds shall be allocated 35
earnings without the specific affirmative directive of this section.36
Sec. 10. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, 37
and 2025 c 299 s 22 are each reenacted and amended to read as 38
follows: 39
p. 20 HB 2275
(1) All earnings of investments of surplus balances in the state 1
treasury shall be deposited to the treasury income account, which 2
account is hereby established in the state treasury.3
(2) The treasury income account shall be utilized to pay or 4
receive funds associated with federal programs as required by the 5
federal cash management improvement act of 1990. The treasury income 6
account is subject in all respects to chapter 43.88 RCW, but no 7
appropriation is required for refunds or allocations of interest 8
earnings required by the cash management improvement act. Refunds of 9
interest to the federal treasury required under the cash management 10
improvement act fall under RCW 43.88.180 and shall not require 11
appropriation. The office of financial management shall determine the 12
amounts due to or from the federal government pursuant to the cash 13
management improvement act. The office of financial management may 14
direct transfers of funds between accounts as deemed necessary to 15
implement the provisions of the cash management improvement act, and 16
this subsection. Refunds or allocations shall occur prior to the 17
distributions of earnings set forth in subsection (4) of this 18
section. 19
(3) Except for the provisions of RCW 43.84.160, the treasury 20
income account may be utilized for the payment of purchased banking 21
services on behalf of treasury funds including, but not limited to, 22
depository, safekeeping, and disbursement functions for the state 23
treasury and affected state agencies. The treasury income account is 24
subject in all respects to chapter 43.88 RCW, but no appropriation is 25
required for payments to financial institutions. Payments shall occur 26
prior to distribution of earnings set forth in subsection (4) of this 27
section. 28
(4) Monthly, the state treasurer shall distribute the earnings 29
credited to the treasury income account. The state treasurer shall 30
credit the general fund with all the earnings credited to the 31
treasury income account except: 32
(a) The following accounts and funds shall receive their 33
proportionate share of earnings based upon each account's and fund's 34
average daily balance for the period: The abandoned recreational 35
vehicle disposal account, the aeronautics account, the Alaskan Way 36
viaduct replacement project account, the budget stabilization 37
account, the capital vessel replacement account, the capitol building 38
construction account, the Central Washington University capital 39
projects account, the charitable, educational, penal and reformatory 40
p. 21 HB 2275
institutions account, the Chehalis basin account, the Chehalis basin 1
taxable account, the clean fuels credit account, the clean fuels 2
transportation investment account, the cleanup settlement account, 3
the Columbia river basin water supply development account, the 4
Columbia river basin taxable bond water supply development account, 5
the Columbia river basin water supply revenue recovery account, the 6
common school construction fund, the community forest trust account, 7
the connecting Washington account, the county arterial preservation 8
account, the county criminal justice assistance account, the covenant 9
homeownership account, the deferred compensation administrative 10
account, the deferred compensation principal account, the department 11
of licensing services account, the department of retirement systems 12
expense account, the developmental disabilities community services 13
account, the diesel idle reduction account, the opioid abatement 14
settlement account, the drinking water assistance account, the 15
administrative subaccount of the drinking water assistance account, 16
the driver education safety improvement account, the early learning 17
facilities development account, the early learning facilities 18
revolving account, the Eastern Washington University capital projects 19
account, the education legacy trust account, the election account, 20
the electric vehicle account, the energy freedom account, the energy 21
recovery act account, the essential rail assistance account, The 22
Evergreen State College capital projects account, the fair start for 23
kids account, the family medicine workforce development account, the 24
ferry bond retirement fund, the fish, wildlife, and conservation 25
account, the freight mobility investment account, the freight 26
mobility multimodal account, the grade crossing protective fund, the 27
higher education retirement plan supplemental benefit fund, the 28
Washington student loan account, the highway bond retirement fund, 29
the highway infrastructure account, the highway safety fund, the 30
hospital safety net assessment fund, the Interstate 5 bridge 31
replacement project account, the Interstate 405 and state route 32
number 167 express toll lanes account, the judges' retirement 33
account, the judicial retirement administrative account, the judicial 34
retirement principal account, the limited fish and wildlife account, 35
the local leasehold excise tax account, the local real estate excise 36
tax account, the local sales and use tax account, the marine 37
resources stewardship trust account, the medical aid account, the 38
money-purchase retirement savings administrative account, the money-39
purchase retirement savings principal account, the motor vehicle 40
p. 22 HB 2275
fund, the motorcycle safety education account, the move ahead WA 1
account, the move ahead WA flexible account, the multimodal 2
transportation account, the multiuse roadway safety account, the 3
municipal criminal justice assistance account, the oyster reserve 4
land account, the pension funding stabilization account, the 5
perpetual surveillance and maintenance account, the pilotage account, 6
the pollution liability insurance agency underground storage tank 7
revolving account, the public employees' retirement system plan 1 8
account, the public employees' retirement system combined plan 2 and 9
plan 3 account, the public facilities construction loan revolving 10
account, the public health supplemental account, the public works 11
assistance account, the Puget Sound capital construction account, the 12
Puget Sound ferry operations account, the Puget Sound Gateway 13
facility account, the Puget Sound taxpayer accountability account, 14
the real estate appraiser commission account, the recreational 15
vehicle account, the regional mobility grant program account, the 16
reserve officers' relief and pension principal fund, the resource 17
management cost account, the rural arterial trust account, the rural 18
mobility grant program account, the rural Washington loan fund, the 19
second injury fund, the sexual assault prevention and response 20
account, the site closure account, the skilled nursing facility 21
safety net trust fund, the small city pavement and sidewalk account, 22
the special category C account, the special wildlife account, the 23
state hazard mitigation revolving loan account, the state investment 24
board expense account, the state investment board commingled trust 25
fund accounts, the state patrol highway account, the state 26
reclamation revolving account, the state route number 520 civil 27
penalties account, the state route number 520 corridor account, the 28
statewide broadband account, the statewide tourism marketing account, 29
the supplemental pension account, the Tacoma Narrows toll bridge 30
account, the teachers' retirement system plan 1 account, the 31
teachers' retirement system combined plan 2 and plan 3 account, the 32
tobacco prevention and control account, the tobacco settlement 33
account, the toll facility bond retirement account, the 34
transportation 2003 account (nickel account), the transportation 35
equipment fund, the JUDY transportation future funding program 36
account, the transportation improvement account, the transportation 37
improvement board bond retirement account, the transportation 38
infrastructure account, the transportation partnership account, the 39
traumatic brain injury account, the tribal opioid prevention and 40
p. 23 HB 2275
treatment account, the University of Washington bond retirement fund, 1
the University of Washington building account, the voluntary cleanup 2
account, the volunteer firefighters' relief and pension principal 3
fund, the volunteer firefighters' and reserve officers' 4
administrative fund, the vulnerable roadway user education account, 5
the Washington judicial retirement system account, the Washington law 6
enforcement officers' and firefighters' system plan 1 retirement 7
account, the Washington law enforcement officers' and firefighters' 8
system plan 2 retirement account, the Washington public safety 9
employees' plan 2 retirement account, the Washington school 10
employees' retirement system combined plan 2 and 3 account, the 11
Washington state patrol retirement account, the Washington State 12
University building account, the Washington State University bond 13
retirement fund, the water pollution control revolving administration 14
account, the water pollution control revolving fund, the Western 15
Washington University capital projects account, the wildfire 16
prevention and protection account, the Yakima integrated plan 17
implementation account, the Yakima integrated plan implementation 18
revenue recovery account, and the Yakima integrated plan 19
implementation taxable bond account. Earnings derived from investing 20
balances of the agricultural permanent fund, the normal school 21
permanent fund, the permanent common school fund, the scientific 22
permanent fund, and the state university permanent fund shall be 23
allocated to their respective beneficiary accounts.24
(b) Any state agency that has independent authority over accounts 25
or funds not statutorily required to be held in the state treasury 26
that deposits funds into a fund or account in the state treasury 27
pursuant to an agreement with the office of the state treasurer shall 28
receive its proportionate share of earnings based upon each account's 29
or fund's average daily balance for the period. 30
(5) In conformance with Article II, section 37 of the state 31
Constitution, no treasury accounts or funds shall be allocated 32
earnings without the specific affirmative directive of this section.33
Sec. 11. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, 34
2025 c 359 s 13, 2025 c 299 s 22, and 2025 c 228 s 15 are each 35
reenacted and amended to read as follows: 36
(1) All earnings of investments of surplus balances in the state 37
treasury shall be deposited to the treasury income account, which 38
account is hereby established in the state treasury.39
p. 24 HB 2275
(2) The treasury income account shall be utilized to pay or 1
receive funds associated with federal programs as required by the 2
federal cash management improvement act of 1990. The treasury income 3
account is subject in all respects to chapter 43.88 RCW, but no 4
appropriation is required for refunds or allocations of interest 5
earnings required by the cash management improvement act. Refunds of 6
interest to the federal treasury required under the cash management 7
improvement act fall under RCW 43.88.180 and shall not require 8
appropriation. The office of financial management shall determine the 9
amounts due to or from the federal government pursuant to the cash 10
management improvement act. The office of financial management may 11
direct transfers of funds between accounts as deemed necessary to 12
implement the provisions of the cash management improvement act, and 13
this subsection. Refunds or allocations shall occur prior to the 14
distributions of earnings set forth in subsection (4) of this 15
section. 16
(3) Except for the provisions of RCW 43.84.160, the treasury 17
income account may be utilized for the payment of purchased banking 18
services on behalf of treasury funds including, but not limited to, 19
depository, safekeeping, and disbursement functions for the state 20
treasury and affected state agencies. The treasury income account is 21
subject in all respects to chapter 43.88 RCW, but no appropriation is 22
required for payments to financial institutions. Payments shall occur 23
prior to distribution of earnings set forth in subsection (4) of this 24
section. 25
(4) Monthly, the state treasurer shall distribute the earnings 26
credited to the treasury income account. The state treasurer shall 27
credit the general fund with all the earnings credited to the 28
treasury income account except: 29
(a) The following accounts and funds shall receive their 30
proportionate share of earnings based upon each account's and fund's 31
average daily balance for the period: The abandoned recreational 32
vehicle disposal account, the aeronautics account, the Alaskan Way 33
viaduct replacement project account, the budget stabilization 34
account, the capital vessel replacement account, the capitol building 35
construction account, the Central Washington University capital 36
projects account, the charitable, educational, penal and reformatory 37
institutions account, the Chehalis basin account, the Chehalis basin 38
taxable account, the clean fuels credit account, the clean fuels 39
transportation investment account, the cleanup settlement account, 40
p. 25 HB 2275
the Columbia river basin water supply development account, the 1
Columbia river basin taxable bond water supply development account, 2
the Columbia river basin water supply revenue recovery account, the 3
common school construction fund, the community forest trust account, 4
the connecting Washington account, the county arterial preservation 5
account, the county criminal justice assistance account, the covenant 6
homeownership account, the deferred compensation administrative 7
account, the deferred compensation principal account, the department 8
of licensing services account, the department of retirement systems 9
expense account, the developmental disabilities community services 10
account, the diesel idle reduction account, the opioid abatement 11
settlement account, the drinking water assistance account, the 12
administrative subaccount of the drinking water assistance account, 13
the driver education safety improvement account, the early learning 14
facilities development account, the early learning facilities 15
revolving account, the Eastern Washington University capital projects 16
account, the education legacy trust account, the election account, 17
the electric vehicle account, the energy freedom account, the energy 18
recovery act account, the essential rail assistance account, The 19
Evergreen State College capital projects account, the fair start for 20
kids account, the family medicine workforce development account, the 21
ferry bond retirement fund, the fish, wildlife, and conservation 22
account, the freight mobility investment account, the freight 23
mobility multimodal account, the grade crossing protective fund, the 24
higher education retirement plan supplemental benefit fund, the 25
Washington student loan account, the highway bond retirement fund, 26
the highway infrastructure account, the highway safety fund, the 27
hospital safety net assessment fund, the intelligent speed assistance 28
device revolving account, the Interstate 5 bridge replacement project 29
account, the Interstate 405 and state route number 167 express toll 30
lanes account, the judges' retirement account, the judicial 31
retirement administrative account, the judicial retirement principal 32
account, the limited fish and wildlife account, the local leasehold 33
excise tax account, the local real estate excise tax account, the 34
local sales and use tax account, the marine resources stewardship 35
trust account, the medical aid account, the money-purchase retirement 36
savings administrative account, the money-purchase retirement savings 37
principal account, the motor vehicle fund, the motorcycle safety 38
education account, the move ahead WA account, the move ahead WA 39
flexible account, the multimodal transportation account, the multiuse 40
p. 26 HB 2275
roadway safety account, the municipal criminal justice assistance 1
account, the oyster reserve land account, the pension funding 2
stabilization account, the perpetual surveillance and maintenance 3
account, the pilotage account, the pollution liability insurance 4
agency underground storage tank revolving account, the medicaid 5
access program account, the public employees' retirement system plan 6
1 account, the public employees' retirement system combined plan 2 7
and plan 3 account, the public facilities construction loan revolving 8
account, the public health supplemental account, the public works 9
assistance account, the Puget Sound capital construction account, the 10
Puget Sound ferry operations account, the Puget Sound Gateway 11
facility account, the Puget Sound taxpayer accountability account, 12
the real estate appraiser commission account, the recreational 13
vehicle account, the regional mobility grant program account, the 14
reserve officers' relief and pension principal fund, the resource 15
management cost account, the rural arterial trust account, the rural 16
mobility grant program account, the rural Washington loan fund, the 17
second injury fund, the sexual assault prevention and response 18
account, the site closure account, the skilled nursing facility 19
safety net trust fund, the small city pavement and sidewalk account, 20
the special category C account, the special wildlife account, the 21
state hazard mitigation revolving loan account, the state investment 22
board expense account, the state investment board commingled trust 23
fund accounts, the state patrol highway account, the state 24
reclamation revolving account, the state route number 520 civil 25
penalties account, the state route number 520 corridor account, the 26
statewide broadband account, the statewide tourism marketing account, 27
the supplemental pension account, the Tacoma Narrows toll bridge 28
account, the teachers' retirement system plan 1 account, the 29
teachers' retirement system combined plan 2 and plan 3 account, the 30
tobacco prevention and control account, the tobacco settlement 31
account, the toll facility bond retirement account, the 32
transportation 2003 account (nickel account), the transportation 33
equipment fund, the JUDY transportation future funding program 34
account, the transportation improvement account, the transportation 35
improvement board bond retirement account, the transportation 36
infrastructure account, the transportation partnership account, the 37
traumatic brain injury account, the tribal opioid prevention and 38
treatment account, the University of Washington bond retirement fund, 39
the University of Washington building account, the voluntary cleanup 40
p. 27 HB 2275
account, the volunteer firefighters' relief and pension principal 1
fund, the volunteer firefighters' and reserve officers' 2
administrative fund, the vulnerable roadway user education account, 3
the Washington judicial retirement system account, the Washington law 4
enforcement officers' and firefighters' system plan 1 retirement 5
account, the Washington law enforcement officers' and firefighters' 6
system plan 2 retirement account, the Washington public safety 7
employees' plan 2 retirement account, the Washington school 8
employees' retirement system combined plan 2 and 3 account, the 9
Washington state patrol retirement account, the Washington State 10
University building account, the Washington State University bond 11
retirement fund, the water pollution control revolving administration 12
account, the water pollution control revolving fund, the Western 13
Washington University capital projects account, the wildfire 14
prevention and protection account, the Yakima integrated plan 15
implementation account, the Yakima integrated plan implementation 16
revenue recovery account, and the Yakima integrated plan 17
implementation taxable bond account. Earnings derived from investing 18
balances of the agricultural permanent fund, the normal school 19
permanent fund, the permanent common school fund, the scientific 20
permanent fund, and the state university permanent fund shall be 21
allocated to their respective beneficiary accounts.22
(b) Any state agency that has independent authority over accounts 23
or funds not statutorily required to be held in the state treasury 24
that deposits funds into a fund or account in the state treasury 25
pursuant to an agreement with the office of the state treasurer shall 26
receive its proportionate share of earnings based upon each account's 27
or fund's average daily balance for the period. 28
(5) In conformance with Article II, section 37 of the state 29
Constitution, no treasury accounts or funds shall be allocated 30
earnings without the specific affirmative directive of this section.31
Sec. 12. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, 32
2025 c 299 s 22, and 2025 c 228 s 15 are each reenacted and amended 33
to read as follows: 34
(1) All earnings of investments of surplus balances in the state 35
treasury shall be deposited to the treasury income account, which 36
account is hereby established in the state treasury.37
(2) The treasury income account shall be utilized to pay or 38
receive funds associated with federal programs as required by the 39
p. 28 HB 2275
federal cash management improvement act of 1990. The treasury income 1
account is subject in all respects to chapter 43.88 RCW, but no 2
appropriation is required for refunds or allocations of interest 3
earnings required by the cash management improvement act. Refunds of 4
interest to the federal treasury required under the cash management 5
improvement act fall under RCW 43.88.180 and shall not require 6
appropriation. The office of financial management shall determine the 7
amounts due to or from the federal government pursuant to the cash 8
management improvement act. The office of financial management may 9
direct transfers of funds between accounts as deemed necessary to 10
implement the provisions of the cash management improvement act, and 11
this subsection. Refunds or allocations shall occur prior to the 12
distributions of earnings set forth in subsection (4) of this 13
section. 14
(3) Except for the provisions of RCW 43.84.160, the treasury 15
income account may be utilized for the payment of purchased banking 16
services on behalf of treasury funds including, but not limited to, 17
depository, safekeeping, and disbursement functions for the state 18
treasury and affected state agencies. The treasury income account is 19
subject in all respects to chapter 43.88 RCW, but no appropriation is 20
required for payments to financial institutions. Payments shall occur 21
prior to distribution of earnings set forth in subsection (4) of this 22
section. 23
(4) Monthly, the state treasurer shall distribute the earnings 24
credited to the treasury income account. The state treasurer shall 25
credit the general fund with all the earnings credited to the 26
treasury income account except: 27
(a) The following accounts and funds shall receive their 28
proportionate share of earnings based upon each account's and fund's 29
average daily balance for the period: The abandoned recreational 30
vehicle disposal account, the aeronautics account, the Alaskan Way 31
viaduct replacement project account, the budget stabilization 32
account, the capital vessel replacement account, the capitol building 33
construction account, the Central Washington University capital 34
projects account, the charitable, educational, penal and reformatory 35
institutions account, the Chehalis basin account, the Chehalis basin 36
taxable account, the clean fuels credit account, the clean fuels 37
transportation investment account, the cleanup settlement account, 38
the Columbia river basin water supply development account, the 39
Columbia river basin taxable bond water supply development account, 40
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the Columbia river basin water supply revenue recovery account, the 1
common school construction fund, the community forest trust account, 2
the connecting Washington account, the county arterial preservation 3
account, the county criminal justice assistance account, the covenant 4
homeownership account, the deferred compensation administrative 5
account, the deferred compensation principal account, the department 6
of licensing services account, the department of retirement systems 7
expense account, the developmental disabilities community services 8
account, the diesel idle reduction account, the opioid abatement 9
settlement account, the drinking water assistance account, the 10
administrative subaccount of the drinking water assistance account, 11
the driver education safety improvement account, the early learning 12
facilities development account, the early learning facilities 13
revolving account, the Eastern Washington University capital projects 14
account, the education legacy trust account, the election account, 15
the electric vehicle account, the energy freedom account, the energy 16
recovery act account, the essential rail assistance account, The 17
Evergreen State College capital projects account, the fair start for 18
kids account, the family medicine workforce development account, the 19
ferry bond retirement fund, the fish, wildlife, and conservation 20
account, the freight mobility investment account, the freight 21
mobility multimodal account, the grade crossing protective fund, the 22
higher education retirement plan supplemental benefit fund, the 23
Washington student loan account, the highway bond retirement fund, 24
the highway infrastructure account, the highway safety fund, the 25
hospital safety net assessment fund, the intelligent speed assistance 26
device revolving account, the Interstate 5 bridge replacement project 27
account, the Interstate 405 and state route number 167 express toll 28
lanes account, the judges' retirement account, the judicial 29
retirement administrative account, the judicial retirement principal 30
account, the limited fish and wildlife account, the local leasehold 31
excise tax account, the local real estate excise tax account, the 32
local sales and use tax account, the marine resources stewardship 33
trust account, the medical aid account, the money-purchase retirement 34
savings administrative account, the money-purchase retirement savings 35
principal account, the motor vehicle fund, the motorcycle safety 36
education account, the move ahead WA account, the move ahead WA 37
flexible account, the multimodal transportation account, the multiuse 38
roadway safety account, the municipal criminal justice assistance 39
account, the oyster reserve land account, the pension funding 40
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stabilization account, the perpetual surveillance and maintenance 1
account, the pilotage account, the pollution liability insurance 2
agency underground storage tank revolving account, the public 3
employees' retirement system plan 1 account, the public employees' 4
retirement system combined plan 2 and plan 3 account, the public 5
facilities construction loan revolving account, the public health 6
supplemental account, the public works assistance account, the Puget 7
Sound capital construction account, the Puget Sound ferry operations 8
account, the Puget Sound Gateway facility account, the Puget Sound 9
taxpayer accountability account, the real estate appraiser commission 10
account, the recreational vehicle account, the regional mobility 11
grant program account, the reserve officers' relief and pension 12
principal fund, the resource management cost account, the rural 13
arterial trust account, the rural mobility grant program account, the 14
rural Washington loan fund, the second injury fund, the sexual 15
assault prevention and response account, the site closure account, 16
the skilled nursing facility safety net trust fund, the small city 17
pavement and sidewalk account, the special category C account, the 18
special wildlife account, the state hazard mitigation revolving loan 19
account, the state investment board expense account, the state 20
investment board commingled trust fund accounts, the state patrol 21
highway account, the state reclamation revolving account, the state 22
route number 520 civil penalties account, the state route number 520 23
corridor account, the statewide broadband account, the statewide 24
tourism marketing account, the supplemental pension account, the 25
Tacoma Narrows toll bridge account, the teachers' retirement system 26
plan 1 account, the teachers' retirement system combined plan 2 and 27
plan 3 account, the tobacco prevention and control account, the 28
tobacco settlement account, the toll facility bond retirement 29
account, the transportation 2003 account (nickel account), the 30
transportation equipment fund, the JUDY transportation future funding 31
program account, the transportation improvement account, the 32
transportation improvement board bond retirement account, the 33
transportation infrastructure account, the transportation partnership 34
account, the traumatic brain injury account, the tribal opioid 35
prevention and treatment account, the University of Washington bond 36
retirement fund, the University of Washington building account, the 37
voluntary cleanup account, the volunteer firefighters' relief and 38
pension principal fund, the volunteer firefighters' and reserve 39
officers' administrative fund, the vulnerable roadway user education 40
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account, the Washington judicial retirement system account, the 1
Washington law enforcement officers' and firefighters' system plan 1 2
retirement account, the Washington law enforcement officers' and 3
firefighters' system plan 2 retirement account, the Washington public 4
safety employees' plan 2 retirement account, the Washington school 5
employees' retirement system combined plan 2 and 3 account, the 6
Washington state patrol retirement account, the Washington State 7
University building account, the Washington State University bond 8
retirement fund, the water pollution control revolving administration 9
account, the water pollution control revolving fund, the Western 10
Washington University capital projects account, the wildfire 11
prevention and protection account, the Yakima integrated plan 12
implementation account, the Yakima integrated plan implementation 13
revenue recovery account, and the Yakima integrated plan 14
implementation taxable bond account. Earnings derived from investing 15
balances of the agricultural permanent fund, the normal school 16
permanent fund, the permanent common school fund, the scientific 17
permanent fund, and the state university permanent fund shall be 18
allocated to their respective beneficiary accounts.19
(b) Any state agency that has independent authority over accounts 20
or funds not statutorily required to be held in the state treasury 21
that deposits funds into a fund or account in the state treasury 22
pursuant to an agreement with the office of the state treasurer shall 23
receive its proportionate share of earnings based upon each account's 24
or fund's average daily balance for the period. 25
(5) In conformance with Article II, section 37 of the state 26
Constitution, no treasury accounts or funds shall be allocated 27
earnings without the specific affirmative directive of this section.28
Sec. 13. RCW 76.04.185 and 2023 c 132 s 2 are each amended to 29
read as follows: 30
(1) The department, in consultation with the energy resilience 31
and emergency management office of the department of commerce, shall 32
contract with an independent consultant with experience in developing 33
electric utility wildfire mitigation plans to develop an electric 34
utility wildfire mitigation plan format and a list of elements to be 35
included in electric utility wildfire mitigation plans. When 36
developing the plan format and list of elements, the department shall 37
seek input from the utilities and transportation commission, the 38
utility wildland fire prevention advisory committee, electric 39
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utilities, the state fire marshal, the governor's office of Indian 1
affairs, and the public. By April 1, 2024, the department shall make 2
public a recommended format and list of elements for electric utility 3
wildfire mitigation plans. The department may update these guidelines 4
annually if needed, but not more than once in each year.5
(2) The recommended elements must acknowledge that utilities 6
serve areas that vary in topography, vegetation, population, and 7
other characteristics, and that best practices guidelines within each 8
element must recognize that a utility's wildfire mitigation measures 9
will be designed to fit site-specific circumstances. The recommended 10
elements must include, but are not limited to: 11
(a) Vegetation management along transmission and distribution 12
lines and near associated equipment; 13
(b) Infrastructure inspection and maintenance repair activities, 14
schedules, and recordkeeping; 15
(c) Modifications or upgrades to facilities and construction of 16
new facilities to incorporate cost-effective measures to minimize 17
fire risk; 18
(d) Preventative programs, including adoption of new technologies 19
to harden utility infrastructure; 20
(e) Operational procedures; 21
(f) Identification of appropriate widths for vegetation 22
management and rights-of-way, including the consideration of fire-23
resistant vegetation alternatives; ((and))24
(g) Public and interested parties' engagement and communication 25
plans addressing wildfire safety and risk mitigation; and26
(h) After January 1, 2027, recommendations included in the report 27
submitted by the work group established in section 1, chapter 324, 28
Laws of 2025. 29
(3) The recommended format and list of elements identified by the 30
department must be forwarded to the utilities and transportation 31
commission, the energy resilience and emergency management office of 32
the department of commerce, and all electric utilities in Washington 33
state for a review period of no less than three months prior to 34
finalizing the format and list of elements that utilities will use to 35
adopt or update their electric utility wildfire mitigation plan.36
(4) The department will provide technical assistance to all 37
electric utilities to support inclusion of these guidelines in the 38
revision of their plans. 39
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(5) By December 31, 2024, the department must submit to the 1
appropriate committees of the senate and house of representatives a 2
compilation and summary of existing wildfire mitigation plans 3
maintained by electric utilities. 4
(6) The definitions in this subsection apply throughout this 5
section unless the context clearly requires otherwise.6
(a) "Consumer-owned utility" means a municipal electric utility 7
formed under Title 35 RCW, a public utility district formed under 8
Title 54 RCW, an irrigation district formed under chapter 87.03 RCW, 9
a cooperative formed under chapter 23.86 RCW, or a mutual corporation 10
or association formed under chapter 24.06 RCW, that is engaged in the 11
business of distributing electricity to more than one retail electric 12
customer in the state. 13
(b) "Electric utility" means a consumer-owned utility or an 14
investor-owned utility as defined in this section.15
(c) "Investor-owned utility" means a corporation owned by 16
investors that meets the definition of "corporation" as defined in 17
RCW 80.04.010 and is engaged in distributing electricity to more than 18
one retail electric customer in the state. 19
Sec. 14. RCW 80.28.445 and 2025 c 156 s 2 are each amended to 20
read as follows: 21
(1)(a) Each electrical company must file a wildfire mitigation 22
plan with the commission as soon as practicable after July 27, 2025, 23
unless the company has previously filed a wildfire mitigation plan 24
with the commission prior to July 27, 2025. An electrical company 25
that has previously filed a wildfire plan with the commission must 26
file a plan update as soon as practicable after July 27, 2025. To the 27
extent practicable, a company should try to align the timing of 28
filing a plan and plan updates with the filing of a multiyear rate 29
plan under RCW 80.28.425. The company shall update a plan no less 30
frequently than every three years. The company shall provide a copy 31
of its wildfire mitigation plan and updates to the department of 32
natural resources and the utility wildland fire prevention advisory 33
committee created in RCW 76.04.780 in the format prescribed under RCW 34
76.04.185 to be posted on the committee's website. After January 1, 35
2027, all wildfire mitigation plans filed with the commission shall 36
consider the recommendations included in the report submitted by the 37
work group established in section 1, chapter 324, Laws of 2025.38
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(b) Nothing in this subsection prohibits an electrical company 1
from updating its wildfire mitigation plan more often than required 2
under subsection (1)(a) of this section. 3
(2) The commission, after holding at least one public workshop 4
and a hearing, must by order approve, reject, or approve with 5
conditions, an electrical company's wildfire mitigation plan within 6
120 days or plan update within 90 days of the filing of such plan or 7
plan update. The commission may, in its order, recommend or require 8
additional elements or practices to be included in the company's 9
plan. The commission may, in approving with conditions the plan or 10
plan update, make modifications to the plan or plan update that the 11
commission reasonably finds represent a reasonable balancing of 12
mitigation costs with the resulting reduction of wildfire risk. The 13
commission shall issue an order explaining any modifications at the 14
time the plan or plan update is approved. In evaluating a plan or 15
plan update, the commission may consult with and consider information 16
from federal, tribal, state, or local governmental entities, 17
utilities, industry organizations, and groups representing utility 18
customers. The commission shall describe the nature of its 19
consultations with third parties in its order approving or approving 20
with conditions a plan or plan update. 21
(3) The commission must adopt rules to implement this section. 22
The rules must: 23
(a) Provide that a workshop be held pursuant to subsection (2) of 24
this section that will involve local fire protection districts, 25
utilities, affected landowners, and groups representing utility 26
customers; and 27
(b) Include, but need not be limited to, procedures and standards 28
regarding vegetation management, including guidelines for determining 29
fair market landowner compensation when appropriate, public safety 30
power shutoffs and service restoration, pole materials, circuitry, 31
and monitoring systems. 32
(4) The commission is not liable for an electrical company's 33
implementation of its wildfire mitigation plan. There is no liability 34
on the part of, and no cause of action of any nature may arise 35
against, the state, commission, commissioners, commission staff, or 36
commission representatives, agents, or consultants for the death of 37
or injury to persons, or property damage, for any action taken by 38
them in the performance of their powers and duties exercised under 39
this section. 40
p. 35 HB 2275
NEW SECTION. Sec. 15. Sections 1 through 6 of this act 1
constitute a new chapter in Title 76 RCW.2
NEW SECTION. Sec. 16. (1) Section 7 of this act expires the 3
earlier of July 1, 2028, or when RCW 74.76.040 expires.4
(2) Section 8 of this act expires July 1, 2028.5
(3) Section 9 of this act expires the earlier of January 1, 2029, 6
or when RCW 74.76.040 expires. 7
(4) Section 10 of this act expires January 1, 2029.8
(5) Section 11 of this act expires when RCW 74.76.040 expires.9
NEW SECTION. Sec. 17. (1) Section 8 of this act takes effect 10
when RCW 74.76.040 expires.11
(2) Sections 9 and 10 of this act take effect July 1, 2028.12
(3) Sections 11 and 12 of this act take effect January 1, 2029.13
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